[Chart courtesy of MarketWatch.com] Moving the markets Powerhouse Apple Inc. pulled the plug on Wall Street this morning, after announcing that its second quarter results may be impacted by the virus outbreak in China. This in turn stoked fears again that any potential interruptions of supply chains will have far-reaching consequences not just for worldwide economies but also the financial …
Hovering In Record Territory
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes gapped higher at the opening and raced into record territory supported by news that the number of new coronaviruses has slowed down. We all know that the accuracy of those numbers coming out of China remains questionable at best, market reaction, while positive, can also be premature. While the last …
Staging A Comeback
[Chart courtesy of MarketWatch.com] Moving the markets No matter what the news headlines say about the coronavirus, investors seem to look past it and find another area to focus on. That was the case today, with potential disruptions to global economies being pushed on the back burner, while positive earnings moved back to the front. Earnings numbers overall have been …
The Bullish Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the markets At least for the moment, it seems that nothing can disrupt this running bull market, even though, the cause of last week’s rut, namely the coronavirus, is far from being contained. Sentiment, that stepped-up containment efforts, along with work towards new vaccines, may mitigate any negative economic impacts, was the bullish driver that …
Euphoria Is Back
[Chart courtesy of MarketWatch.com] Moving the markets The stimulus effort by the People’s Bank of China to combat the economic impact of the coronavirus set a positive tone for world markets early on, with the domestic ones opening sharply higher aided by another short squeeze. It was simply a matter of investors gaining confidence in that central bankers will take …
Optimism Reigns
[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s drubbing, and in view of China’s stock market getting clobbered at the tune of some -8%, domestic equities jumped right after the opening bell. While the latter part of the session was flat, the major indexes made up some lost ground in part thanks to optimism that the coronavirus will be …