[Chart courtesy of MarketWatch.com] Stocks started the day in the red but quickly turned things around, climbing out of the early dip and finishing solidly in the green. The major indexes all pushed above their breakeven lines, riding a wave of renewed optimism. Fueling that positive vibe was the May Producer Price Index (PPI), which came in cooler than expected—up …
From Calm To Chaos: Inflation Eases, But Markets Can’t Catch A Break
[Chart courtesy of MarketWatch.com] Early gains came after cooler-than-expected inflation data and news of a preliminary trade deal between the U.S. and China. The Consumer Price Index (CPI) rose just 0.1% in May—below the 0.2% forecast—and core CPI (excluding food and energy) matched that soft reading. This suggests tariffs haven’t had a major immediate impact yet. Companies may still be …
Short Squeeze Lifts Stocks, But CPI Looms Large
[Chart courtesy of MarketWatch.com] The markets opened slightly higher again today, echoing yesterday’s start, but didn’t show much follow-through as traders stayed cautious, waiting for more clarity on U.S.-China trade talks. The discussions in London rolled into a second day, with Commerce Secretary Lutnik sounding optimistic, saying things are “going very well” and that both sides are spending a lot …
Silver Surges, Apple Slips, And Crypto Comes Alive
[Chart courtesy of MarketWatch.com] The markets kicked off the day on a mixed note as U.S. and Chinese officials met in London, hoping to make headway on their ongoing trade disputes. The talks stemmed from a lengthy phone call between Trump and Xi last week, with both sides aiming to avoid a full-blown trade war. As a goodwill gesture, both …
Silver Shines, Tesla Tumbles: A Wild Day On Wall Street
[Chart courtesy of MarketWatch.com] The day started off on shaky ground, with markets slipping early as fresh trade headlines put a lid on any bullish momentum. China’s Foreign Ministry said Presidents Trump and Xi had a phone call—initiated by Trump—but details were scarce. Trump called it a “very positive conclusion,” but investors weren’t exactly buying it. On the economic front, …
Gold Shines, Dollar Sinks: Is The Labor Market Cracking?
[Chart courtesy of MarketWatch.com] Despite a weak jobs report, stocks opened higher. ADP reported that private sector hiring added just 37,000 jobs in May—way below the already-lowered April figure of 60,000 and far short of the 110,000 economists were expecting. That’s raising eyebrows ahead of Friday’s big non-farm payroll report, which is forecast to show a gain of 125,000. The …