[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks here in the U.S. brushed off early losses, despite a global sell-off, to end higher today. U.S. government bond yields bounced back from fresh record lows amid continued market turbulence following the surprise Brexit vote two weeks ago. Yesterday and early today, it seemed that investors were reconsidering the implications of …
Brexit Aftershock Shakes Markets
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks departed from their post-Brexit bounce and ended lower to kick off the shortened week here in the U.S. It appears that even after a long Holiday weekend the Brexit event is still lingering in geopolitical and financial news. All three major indexes closed at least 0.60% lower on the day. Early …
Central Banks’ Stimulus Hints Keep Rally Going
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities maintained their newly found upward momentum and rallied for the third day in a row by putting the Brexit sell-off in the rear view mirror and making up almost all losses. In the end, the S&P 500 closed out June just about unchanged. The assists of the day came from the …
Brushing off ‘The Brexit’
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It is becoming more apparent that Brexit was perhaps just another short-term shock on the market last Friday, at least for the time being. All three major indexes have since posted solid gains, including today. The Dow has risen 554 points since Monday, which is its best back-to-back point climb since August …
Back In Black Tuesday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets on Tuesday flashed their first signs of stabilization as the Dow shot up more than 200 points following a sullied performance last week after the U.K. exit. I am sure equity indexes were oversold during the past couple of days, but it remains to be seen whether this is just hopeful …
Brexit Hits Home—Trend Tracking Indexes Drop Into Bear Market Territory
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Following the Brexit vote late last week, markets did not boomerang back into positive territory today as some had hoped. In fact, all 3 major indexes here in the U.S. dropped at least 1.5%. What I can tell from today’s trading session, is that the path forward for stocks will continue to …