[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 …
Confusion Reigns—Markets Drop
[Chart courtesy of MarketWatch.com] Moving the markets You would have expected the markets to show some signs of life with Apple posting better than expected earnings and revenue after the close yesterday. Or, that the Fed’s statement was interpreted as somewhat dovish despite saying that further rate hikes are “needed in the coming months.” If you thought that, you were …
Reversal Tuesday
[Chart courtesy of MarketWatch.com] Moving the markets In a reversal of what we have seen lately, the markets dug themselves a hole early on but managed to climb out of it during the afternoon with the Nasdaq and S&P 500 actually closing in the green. It was a quiet session with most of the world being on the sidelines due …
Ending The Month On A Sour Note
[Chart courtesy of MarketWatch.com] Moving the markets As has been the meme for the past few weeks, an early rally gave way mid-day to a broad sell-off despite positive earnings reports, which simply could not stem the downward momentum. Several last minute attempts to reverse the tide failed, and the major indexes dove into close scoring the lows for the …