[Chart courtesy of MarketWatch.com] Moving the markets The trade war rhetoric between the U.S. and China heated up over the weekend, with both sides threatening a variety of consequences. The major indexes headed south with the Nasdaq taking the brunt of the losses. Chipmakers took it on the chin, as U.S. tech companies, in compliance with White House requests, have …
Notching A Third Day Of Gains
[Chart courtesy of MarketWatch.com] Moving the markets A third day of gains kept the bulls in charge with the major indexes ending up solidly in the green, as it turned out that a worsening global trade picture is now considered a good thing for equities. Go figure… To be fair, an early assist came from a couple of blue-chip stocks, …
Trade Hope Keeps Rally Alive
[Chart courtesy of MarketWatch.com] Moving the markets A market opening in the red turned into a positive, as trade hope was kept alive on that other trade war front, namely Europe. We heard that an unexpected bit of good news spread like wildfire when Trump announced that he plans to delay imposing tariffs on EU auto imports by six months. …
Comeback Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets A nice rebound rally, which wiped out some of yesterday’s steep losses, ran into resistance late in the session, but the major indexes managed to close in the green for a change. Trade anxieties remained and contributed to the indexes coming off their best levels Trump stepped up to the plate again attempting …
U.S.-China Trade Mayhem Crushes Equities
[Chart courtesy of MarketWatch.com] Moving the markets It was clear to me on Sunday afternoon, that today would be bad day in the markets when China’s Premier Liu He tweeted that China is planning to retaliate, and three core concerns would have to be addressed: China has made public 3 core concerns that must be addressed &it won’t make concessions …
An Early Slump Followed By A Late Pump
[Chart courtesy of MarketWatch.com] Moving the markets Another jaw dropping opening had the Dow down some 400 points early in the day, as anxiety increased over the deepening trade dispute with China, which continued to squash any bullish sentiment not just here in the U.S. but globally as well. Wall Street traders tend to operate by the well-known adage “by …