[Chart courtesy of MarketWatch.com] Moving the markets The Dow was the beneficiary of today’s news that Boeing’s CEO has “resigned” and was replaced by its current Chairman. This contributed at least 50 points to initial 100-point surge. The major indexes crept into new record territory also supported by news that China intends cut its tariffs for pork, pharmaceuticals and some …
Up, Up And Away…
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes set new closing records, unimpressed by the ongoing impeachment saga, the result of which has been simply brushed aside. Market concerns are virtually non-existent, since the Republican-controlled Senate will be the final judge with expectations being that they will vote against having Trump removed from office. In other words, from …
Taking An Intra-Day Stroll In Record Territory
[Chart courtesy of MarketWatch.com] Moving the markets The markets started this Wednesday by inching higher with traders looking to keep a 5-day winning streak alive. Supporting this optimism was the firm belief that the preliminary US-China trade agreement was a done deal, despite some nervousness as to when it would be signed. However, the lack of news to the contrary, …
Drifting Higher
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes opened to the upside, pulled back but managed to bounce around the remainder of the session and, in the end, eked out another green close, although a small one. The main supporting cast today included positive economic data with manufacturing rebounding and single-family building permits reaching a 12-year high. Job …
Continued Trade Optimism Stimulates Markets
[Chart courtesy of MarketWatch.com] Moving the markets The markets continued their bullish ways into a new week with the supporting actor being the upbeat mood caused by last week’s preliminary trade deal between the US and China. Despite of all the hysteria, many questions remain over the details of the much-hyped “phase one” accord. The Chinese were pleased, because it …
Positive Trade News Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets It’s amazing what little it takes to send the computer algos on a bullish run and in the process pushing the major indexes into record territory. Trump’s announcement that “a big deal” with China is “getting very close” and “they want it, and so do we” were the magic words that ramped equities …