[Chart courtesy of MarketWatch.com] Moving the markets There wasn’t really a driving force behind today’s continued rally, as the futures markets started the bullish theme via the same old playbook. The trade carrot was dangled again and came into play on a news headline that “a White House officials tells Politico a deal with China is almost there…” That was …
Surviving October, AKA The Bull Market Killer
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed’s market pleasing efforts yesterday, it appears that the US-China trade talks, or rather the lack thereof, have enough power left to affect market direction. Such was the case this morning when a report said that “Chinese officials have doubts about the prospects for a long-term trade deal with the US.” …
Fed Cuts Rates And Pleases Markets
[Chart courtesy of MarketWatch.com] Moving the markets As was expected, the Fed cut interest rates by 0.25%, and analysts were salivating all over the language in the accompanying statement, in order to see what might have been said different this time. The wording shifted slightly to a more hawkish stance from: “…will continue to monitor the implications of incoming information …
Slipping Ahead Of The Fed Announcement—Will History Repeat Itself?
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the markets pulled back with the Nasdaq suffering the most after Google’s disappointing earnings, which followed a few days later after Amazon showed a quarterly report card that was not up to expectations. I was surprised to see this little of a fallout from these 2 behemoths, which usually …
Unbridled Optimism Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets President Trump set the tone early on for today’s rally by suggesting that “today will be a good day in the stock market,” and just in case the computer algos missed his prediction, he created more excitement via his remark that “the China deal is moving forward ahead of schedule.” Of course, we …
Seesawing—But Limping Higher
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s last-minute pump, to get the major indexes to a green close, finally made sense, when it became known that the Fed had injected $134 billion in liquidity in the repo markets. This event sparked a furious last hour rally, which ZH charted like this. As the table shows, the increase in liquidity …