[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks inched slightly higher Tuesday ahead of Wednesday’s interest rate decision from the Federal Reserve. There is not much hype to get jittery about this time around, as most believe that there is no hike slated for this year. Also on deck for tomorrow: A rate policy announcement from the Japanese. Shares …
A Failed Rally
[Chart courtesy of MarketWatch.com] 1. Moving the Markets An early rally attempt failed with the major indexes slowly but surely retreating and ending just about unchanged. Anxiety prevailed as Wall Street awaits Wednesday’s key Federal Reserve decision on interest rates. To me, it’s a foregone conclusion that the Fed, for a variety of reasons, such as consistently weakening economic data …
Rebound Thursday; Apple Still Sweet
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks, which have entered a difficult and more volatile stretch in recent sessions, were rebounding today despite lower-than-expected retail sales last month and continued concerns about whether central bank policy will become less market-friendly. The Dow is being helped by another rally in shares of iPhone maker Apple (AAPL), which are …
Sloppy Wednesday; Bayer To Acquire Monsanto
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After early gains, U.S. stocks ended mixed following a steep drop Tuesday and a three-session bout of heightened volatility sparked by fears of rising interest rates. Investors have been jittery of late. Worries include fears that higher interest rates will hurt the economy, overvalued stock prices and continued uncertainty over the presidential …
The Morning After A Dead Cat Bounce
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today’s pullback certainly made yesterday’s rebound look like a dead cat bounce. Of course, you can never be sure but stocks shifted into reverse today falling sharply led by lower oil prices and weak financials. Despite Fed officials taking a more dovish stance, there appears to be a heightened level of insecurity …
Rebounding Off The Friday Lows
[Chart courtesy of MarketWatch.com] 1. Moving the Markets On Friday, I mentioned that the Fed might attempt to talk this market back up after the sharp and sudden pullback. As if on cue, three Fed govs, namely Brainard, Lockhart and Kashkari, used various venues to opine the predominantly dovish message that a rate hike might not be compelling. That’s all …