[Chart courtesy of MarketWatch.com] Moving the Markets In addition to the usual menu of concerns, there were a few new ones that helped the markets end their multi-day winning streak. Besides the lack of progress with the Trump pro-growth agenda and continued saber rattling with N. Korea, another monster hurricane named Irma is threatening the coast of Florida prompting the …
Mission Accomplished: S&P Closes In The ‘Green’ For August
[Chart courtesy of MarketWatch.com] Moving the Markets The past few days, I have commented on the fact that the S&P was in danger of notching its first losing month in 2017, and that there was a good chance efforts would be made to push the index in the ‘green.’ That’s exactly what happened and, even though we managed to add …
When Only Good News Matters
[Chart courtesy of MarketWatch.com] Moving the Markets Even though I was a little facetious yesterday when commenting that the S&P needs to rally for the remaining 3 sessions of August to maintain its spotless record of rising every month, today was a step in the right direction. The Dow and Nasdaq managed to climb into the “green,” and the S&P …
Clawing Back From An Early Sell-Off
[Chart courtesy of MarketWatch.com] Moving the Markets The early morning sell-off, which had the Dow down nearly 135 points, is now in the rearview mirror with the index staging its best intra-day comeback in 9 months. All the worries of the day, like continued provocations from N. Korea, debt ceiling talk and more fallout from hurricane Harvey, were either ignored …
In Harvey’s Wake: Major Indexes Steady
[Chart courtesy of MarketWatch.com] Moving the Markets While Hurricane Harvey unleashed his enormous power over the weekend, the major indexes escaped pretty much unscathed and spent the session bouncing around their respective unchanged lines. The Nasdaq fared the best by gaining +0.28%. Retailers, along with the energy and financial sectors, slid early on but were not able to stage a …
Stock Stumble Continues
[Chart courtesy of MarketWatch.com] Moving the Markets Even though the day started on the plus side for the major indexes, early upward momentum was not sustainable as miserable housing data, for the second day in a row, gave the bears something to cheer about. Uncertainty continued as the debt-ceiling-battle between Trump and McConnell showed no compromise and threw doubt on …