[Chart courtesy of MarketWatch.com] Moving the markets It appears that finally the U.S. equity markets got the message that not all is well with the world, as the gloomy trade news and a host of other events combined forces to not only push the major indexes below the unchanged line right after the opening bell, but also keep them there …
Nasdaq Sets Record—Dow Loses For The 7th Day
[Chart courtesy of MarketWatch.com] Moving the markets The market’s divergence continues with the Dow struggling and notching its 7th straight losing day, which is its longest streak since early 2017. In contrast, the Nasdaq continued to blast higher, along with SmallCaps, seemingly not yet negatively affected by the worsening trade battle between the U.S. and China but instead receiving a …
Trade Tensions Rattle Markets
[Chart courtesy of MarketWatch.com] Moving the markets Last night’s elevated tit-for-tat trade battle between the U.S. and China finally was too much for equities to ignore causing a sharp drop right after the opening. Despite a slow crawl back towards the unchanged line, the damage was done, and the major indexes ended in the red with the Dow scoring not …
Trade War Turmoil Keeps Markets Flat
[Chart courtesy of MarketWatch.com] Moving the markets Today, it was trade tensions that kept the markets below the unchanged line, and the bears in charge, although a rebound limited the potential losses and pushed the Nasdaq back to the breakeven point. However, the Dow dropped for the 5th straight day. Emerging markets continued their downward slide, while foreign markets in …
Emerging Markets Dump While US Dollar Pumps
[Chart courtesy of MarketWatch.com] Moving the markets If you only watched the major indexes meandering around their respective unchanged lines and closing slightly in the green, except for the Dow, you missed out on the real action in some of the emerging markets. The headlines did not cover equities but the wild activity in the foreign exchange markets (FX). The …
Hawkish Fed Puts The Break On Market Advances
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes hovered above the unchanged line for most of the session, but some volatility set in after the Fed’s (expected) announcement of a 25-bps increase in interest rates, while assuring the Wall Street crowd that the economy is not yet overheating. Yet, at the same time, Fed head Powell signaled that …