[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed minutes (from their January meeting) showed that officials were divided on future interest rate hikes. One side argued that an increase might only be needed if inflation would exceed their baseline forecast. The other side thought it would be appropriate to hike later this year, if the economy behaves as …
Trade Talk Hope Keeps The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets After briefly meandering below the unchanged line, the major indexes found some upward momentum and ended up closing modestly higher—although on very low volume. A couple of assists helped to keep the bullish theme going. First, Cleveland Fed President Mester helped the markets higher by suggesting that the Fed should pause its balance …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets Equities took a hit early this morning with the Dow falling over 200 points, despite a generally optimistic view of the alleged progress made with the U.S.-China trade negotiations. Casting a dark shadow on economic fundamentals was a report showing that US retail sales had simply collapsed in December (-1.2%), which resulted in …
Extending The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s bullish momentum continued through the early morning when, suddenly, the trend reversed, and equities stumbled lower. The catalyst for this turnaround came from Marco Rubio, who followed through on yesterday’s threatening tweets that he will soon be filing a bill to change the taxable status of what ZH termed “the only thing …
Breaking Out To The Upside; Domestic TTI Signals A ‘Buy’
[Chart courtesy of MarketWatch.com] Moving the markets The markets shifted into overdrive supported by nothing more than news of a tentative deal that would keep the government from being shut down for the second time this year. Of course, as we all know, Trump’s border wall funding, or rather lack thereof, had been a stinging point between Republicans and Democrats. …
Stuck In No Man’s Land
[Chart courtesy of MarketWatch.com] Moving the markets It was choppy trading session with the major indexes hugging their respective trend lines throughout the day. Neither big dips nor strong rallies were to be seen anywhere, as momentum in either direction was conspicuously absent. Part of this uncertainty may have been caused by a winding down of the earnings season and …