[Chart courtesy of MarketWatch.com] Moving the markets The markets diverged a little bit as the Dow and S&P 500 ended up in the red, while the Nasdaq bucked the trend and closed in the green. However, aimless meandering best describes today’s session with anxiety rising ahead of the Fed’s decision on interest rates tomorrow. Ignoring the continued trade tensions between …
US/China Trade Wars Back In Focus
[Chart courtesy of MarketWatch.com] Moving the markets If you followed the news over the weekend, you would have gotten a pretty good indication as to today’s market direction. Trade war talk made the headlines Saturday morning as Trump’s fresh round of tariffs caused a reaction from the Chinese, as they now refused to send two delegations to Washington while elaborating …
Records Are Made To Be Broken
[Chart courtesy of MarketWatch.com] Moving the markets It took a while, but the Dow finally managed to take out its January high to close in record territory, while the S&P 500 scored its first record since August. The Nasdaq fared well today and moved to within 1.3% off its all-time high, made in August as well. Economic data took some …
Markets Diverge As Bond Massacre Continues
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s divergence continued with bond yields spiking once more while the markets rallied, although the advance was mixed at best. While the Dow sprinted ahead by over 200 points intraday, the S&P barely held on to the unchanged line, while the Nasdaq hovered below it but managed some damage control towards the end …
Refueling The Bullish Gas Tank
[Chart courtesy of MarketWatch.com] Moving the markets Just as quickly as trade war headlines pulled the markets off their lofty highs yesterday, negative sentiment reversed with the bulls refueling their gas tank and pushing the major indexes higher right after the opening bell. It appears that global investors are favoring the US markets due to continued optimism about the outlook …
Markets Sink As Tech Gets Wrecked
[Chart courtesy of MarketWatch.com] Moving the markets The tariff dispute with China intensified pulling the major indexes off their recent highs, as the tech sector got hammered with the Nasdaq dropping -1.43%, its worst day since late July. The sudden re-appearance of the US/China trade battles rattled Wall Street, although the unveiling of the $200 billion in tariffs on Chinese …