[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow sporting an 8-day winning streak, an early rally fizzled into the close with the major indexes barely hanging on above their respective unchanged lines. The gains were modest with the leader being energy and health care, while real estate, telecommunications and industrials lagged. Today’s rally was supported by the perception …
Stocks Jump As Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the markets Muted inflation fears were one part of the puzzle that helped the markets score another win with the major indexes gaining across the board. First, today’s reading on April consumer prices came in at +0.1%, which was a tad below estimates. Second, the 10-year bond yield pulled back and did not close above …
Energy And Financials Propel The Indexes
[Chart courtesy of MarketWatch.com] Moving the markets You never know what motivates traders to push the markets higher. After Trump’s withdrawal from the Iran nuclear pact, and massive preceding requests by world leaders not to follow through with it, you would have expected the markets to have hissy-fit. They did, but to the upside and with help of the VIX, …
Iran Nuclear Pact Ends—Major Indexes Unchanged
[Chart courtesy of MarketWatch.com] Moving the markets The much awaited and hyped up announcement by President Trump regarding the Iran nuclear pact had the major indexes, which hovered below their respective unchanged lines all morning, dipping down at first but managing to rebound to close essentially unchanged. Trump confirmed withdrawal from the pact and announced “the highest level of sanctions …
Trimming Early Gains
[Chart courtesy of MarketWatch.com] Moving the markets Last Friday’s winning ways continued this morning with the major indexes moving sideways but comfortably above the unchanged line. Then the Iran headlines appeared about Trump promising a decision tomorrow at 2 pm as to whether to de-certify the 2015 Iran nuclear pact and re-impose sanctions, which would hamper oil exports and interrupt …
Trade Worries Dump And Then Pump The Major Indexes
[Chart courtesy of MarketWatch.com] Moving the markets Another wild day in the markets pulled the major indexes way below the unchanged line with the Dow sinking some 400 points and the S&P 500 dropping below its 200-day M/A. The cause of all this were the 2-day trade negotiations with China that had traders on edge when suddenly White House economist …