[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes managed to crawl higher today but hopes of the Dow taking out the 20,000 marker were dashed again with the index barely remaining above the unchanged line. For December 27th, today was the lowest volume day in over 10 years, which will most likely continue for the remainder of this …
Dow 20,000 Still In Sight
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes never managed to crawl above the unchanged line during today’s session in part caused by weakness in retailers. Stocks fell after reports that Trump’s transition team is mulling over a possible 10% tariff on imports with the Consumer Discretionaries losing over 1% for the day, their largest one-day decline since …
Finishing In The Red
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes pulled back for a change as volume and the hunt for Dow 20,000 slowed down ahead of the Christmas Holiday. Healthcare and real estate were the primary losers today. Banking stocks in Europe round-tripped this morning as the shares of Italy’s problem child, Monte Paschi, crashed, soared and plunged again …
Almost Reaching Dow 20,000
[Chart courtesy of MarketWatch.com] Moving the Markets The recklessness and utter abandon with which the markets have been rallying, since the election, is simply astounding. Caution, risk aversion or view of economic fundamentals do either not exist or are simply ignored. It is financial engineering combined with market manipulation at its finest. Such was the case again today as the …
Edging Higher On A Tumultuous Day
[Chart courtesy of MarketWatch.com] Moving the Markets It was a reluctant rally with investors being hesitant considering that the major indexes were still hovering near all-time highs; bond markets finally managed to stage a modest recovery after the drubbing of the past few weeks. Not helping matters were reports from Germany that a truck ran into a crowded Christmas market …
The Day After: Dip Buyers Pull Indexes Up
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes managed to shake off yesterday’s pullback, which marked the day of the Fed’s second hike in interest rates in almost 10 years. While this was widely expected, I thought the markets would have taken that removal of uncertainty as a positive, but Yellen spoiled the party with her announcement that …