[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended up higher after the release of minutes from the Fed’s meeting in March showed policymakers were divided on the timing of the first interest rate hike. The report remained consistent, however, with Fed policymakers’ forecasts that indicate the first hike in rates since 2006 is unlikely to take place before …
Post Holiday Hype Fades On Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks withered early gains and fell sharply in the last hour of trading, as the major indexes closed lower, breaking a two-day bunny hop winning streak. April has always been a volatile month, as investors are typically on edge in advance of Q1 earnings season. First-quarter earnings season kicks off Wednesday as …
Wall Street Bounces Back From Easter Holiday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street seemed to ignore the lackluster jobs report that was released Friday when the stock market was closed for Easter. Since bad news is good news these days, equities pushed sharply higher today amid a growing sense that the Fed will push back its first rate hike to sometime in Q3 or …
The Equity Slide Continues
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets still could not find much footing and continued to slip for the second day, although it could have been a lot worse. In the humor department (it’s April Fool’s day after all), the sucker of the day award has to go to the High Frequency Trading algos, who swallowed the …
A Rough Landing To End Q1, But A New Month Is Coming
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As I mentioned two days ago, March has never been a predictable month historically. Volatility remained in full force again today as stocks tumbled amidst a major sell-off that saw the Dow drop 200 points. The good news is, that the S&P 500 and Nasdaq were able to manage their negative hits …
Stocks In Rally Mode
[Chart courtesy of MarketWatch.com] 1. Moving the Markets For the second day in a row, the major indexes closed higher, but today the gains were solid as, after a strong opening, stocks never looked back and managed to add to their early gains. Helping matters were reports from China over the weekend that the PBOC saw “more room” for accommodating …