[Chart courtesy of MarketWatch.com] Early gains came after cooler-than-expected inflation data and news of a preliminary trade deal between the U.S. and China. The Consumer Price Index (CPI) rose just 0.1% in May—below the 0.2% forecast—and core CPI (excluding food and energy) matched that soft reading. This suggests tariffs haven’t had a major immediate impact yet. Companies may still be …
Short Squeeze Lifts Stocks, But CPI Looms Large
[Chart courtesy of MarketWatch.com] The markets opened slightly higher again today, echoing yesterday’s start, but didn’t show much follow-through as traders stayed cautious, waiting for more clarity on U.S.-China trade talks. The discussions in London rolled into a second day, with Commerce Secretary Lutnik sounding optimistic, saying things are “going very well” and that both sides are spending a lot …
Silver Surges, Apple Slips, And Crypto Comes Alive
[Chart courtesy of MarketWatch.com] The markets kicked off the day on a mixed note as U.S. and Chinese officials met in London, hoping to make headway on their ongoing trade disputes. The talks stemmed from a lengthy phone call between Trump and Xi last week, with both sides aiming to avoid a full-blown trade war. As a goodwill gesture, both …
Silver Shines, Tesla Tumbles: A Wild Day On Wall Street
[Chart courtesy of MarketWatch.com] The day started off on shaky ground, with markets slipping early as fresh trade headlines put a lid on any bullish momentum. China’s Foreign Ministry said Presidents Trump and Xi had a phone call—initiated by Trump—but details were scarce. Trump called it a “very positive conclusion,” but investors weren’t exactly buying it. On the economic front, …
Gold Shines, Dollar Sinks: Is The Labor Market Cracking?
[Chart courtesy of MarketWatch.com] Despite a weak jobs report, stocks opened higher. ADP reported that private sector hiring added just 37,000 jobs in May—way below the already-lowered April figure of 60,000 and far short of the 110,000 economists were expecting. That’s raising eyebrows ahead of Friday’s big non-farm payroll report, which is forecast to show a gain of 125,000. The …
Stocks Rally On Job Openings Boost—But Will Payrolls Play Along?
[Chart courtesy of MarketWatch.com] Markets picked up where they left off yesterday, building on modest gains despite a flat start as traders kept a close eye on potential developments in U.S.-China trade talks.** However, not everything was working in the bulls’ favor. The OECD trimmed its U.S. growth forecast to 1.6% from 2.2%, casting a bit of a shadow over …