[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks struggled to stay above ground today. Early morning movement was positive, however, roller coasters go up and they go down. The Dow was the only major index to finish in positive territory on the day. U.S. produced crude prices are on the rise again as raging forest fires in Alberta, a …
Stocks Continue Slide Through Mid-Week As Bad News Is Bad News.
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks fell again, which is in line with the trend for the week thus far as for a long overdue change bad news is recognized as bad news. Investors are pondering weaker-than-expected readings on job creation in the private sector last month, mixed with good news on the services sector of …
Bummer Of A Tuesday After Hyped Monday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks fell on Tuesday, following weak manufacturing data from China. Stocks reversed course and gave back all of the solid gains achieved on Monday. The lack of economic growth, here in the U.S., which I have alluded to in the past, continues to put a damper on financial markets. U.S. GDP, …
Positive Start To May After Hectic April
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today marks the first trading day of May, and ushers in what has historically been the worst six-month stretch for stocks. And while there’s no denying that history shows the May-through-September period delivers far lower stock returns than the more bullish October-through-April time frame, implementing this rather extreme market-timing approach to investing …
BoJ “Holds” and Wall Street “Folds;” Icahn Spooks Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes had not much too cheer about during the regular session, which started on a bad omen from Japan with the BoJ surprising world markets by capping their monetary stimulus, which was expected to continue with full force. As we all know by now, without central bank stimulus, equity markets …
Fed Holds Steady—Facebook Beats And Rips In After Hours Session
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As was to be expected, the Fed held interest rates steady for the third consecutive meeting. The FOMC statement was neutral and contained the usual language of “assessing economic and labor conditions, inflationary pressures and expectations along with readings on financial and international developments before determining the size of future interest rate …