[Chart courtesy of MarketWatch.com] Moving the markets The much-discussed mid-level US-China trade talks came to an end today with the warring factions jawboning about “being serious” coming to an agreement and that “progress has been made.” Both parties announced to release a “message” on Thursday. The market impact was minor but kept the major indexes in positive territory early on. …
Trade Talk Hope Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to string together a 3-day winning streak thanks to continued optimism over the status of US-China trade talks. In a show of good faith, the warring parties extended their discussions until Wednesday. Word has it that gradual progress is being made, however, a true and final deal appears to …
When Bad News Is Good News—Again
[Chart courtesy of MarketWatch.com] Moving the markets At least for today, we’re back to the theme of last year when, on many occasions, bad news was good news and kept the bullish dream alive. I was reminded of that this morning when, after last week’s terrible manufacturing index (ISM) numbers, it was the US Service Economy’s turn to plummet (December …
The ‘Everything’ Plunge
[Chart courtesy of MarketWatch.com] Moving the markets Apple Computers started today’s market fallout yesterday afternoon by announcing weaker than expected iPhone sales and shockingly reduced its revenue guidance. Part of the blame was put on China due to the “magnitude of their economic deceleration.” The punishment was instantaneous with Apple’s stock dropping some 8% in the after-hours session. With that …
A Turbulent Session To Start 2019
[Chart courtesy of MarketWatch.com] Moving the markets The opening dump to start the 1st trading day of 2019, with the Dow dropping almost 400 points, had investors on edge, until a slow climb pulled the major indexes out of the doldrums. Things looked shaky as market direction was predominantly sideways but, in the end, we closed in the green by …
A Positive Ending To A Miserable Month/Year
[Chart courtesy of MarketWatch.com] Moving the markets Despite last week’s rebound and today’s green close, it simply wasn’t enough to wipe out the losses of a miserable year and an even worse December. While for 2018 the S&P 500 “only” fell -6.2%, its biggest yearly tumble in a decade, this month left a bitter aftertaste with the index dropping -9.2%, …