[Chart courtesy of MarketWatch.com] 1. Moving the markets Trump got the markets pumping this morning after tweeting that there will be an “extended meeting” with China’s Xi at the upcoming G-20 meeting in Japan. Bloomberg also added that the two leaders had confirmed a plan for meeting on the sidelines. That was enough hype for the headline-scanning computer algos to …
Stuck in Limbo
[Chart courtesy of MarketWatch.com] 1. Moving the markets An early rally ran out of steam, but the major indexes managed to eke out a small gain thanks to a positive spin on social media and entertainment stocks. Economic news was not awe inspiring, as the NY manufacturing survey crashed the most on record, from +17.8 to -8.6 in June, which …
Equities Rebound Led By Energy
[Chart courtesy of MarketWatch.com] 1. Moving the markets Equities managed a small rebound, after 2 days of modest losses kept the major indexes in check. Oil prices spiked as two oil tankers were damaged in suspected attacks off the coast of Iran, increasing tensions between Teheran and Washington. Of course, by default, no matter if it makes sense or not, …
Drifting Aimlessly
[Chart courtesy of MarketWatch.com] 1. Moving the markets Upward momentum was conspicuously absent during this session, which had stocks drift aimlessly lower, interrupted by the occasional bounce to nowhere. The major indexes followed yesterday’s theme by slipping moderately. On the menu was the Consumer Price Index (CPI), which showed prices advancing by an expected +0.1% in April, while the cost …
An Early Rally Stalls And Runs Out Of Steam
[Chart courtesy of MarketWatch.com] 1. Moving the markets Despite another positive start to the session, equities struggled, lost traction and slid into the red, with the major indexes hugging their respective unchanged lines and closing a tad below it. Powering the markets early on were reports from China announcing plans for fresh stimulus to keep their economy running. Hope among …
Trade Tensions Drop—Equities Pop
[Chart courtesy of MarketWatch.com] Moving the markets A quick end to the Mexican tariff saga helped the major indexes to follow through from Friday’s rally with the Nasdaq taking the lead, while the Dow ended higher for the 6th straight session. Upward momentum, however, hit a glass ceiling mid-day, and we faded into the close. However, not all is peaches …