[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended at par today as Wall Street reacted to a resumed slide in oil prices and braced for the Federal Reserve’s decision Wednesday on interest rates. A major driver of the recent stock market rally has been a sharp rebound in oil prices. But U.S.-produced crude has reversed course the past …
Going Sideways
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow, which is looking to extend its weekly winning streak to five, traded slightly higher as investors looked ahead to a key Fed meeting on interest rates later this week. We have a big week ahead of us. The Federal Reserve meets Tuesday and Wednesday and Wall Street will be closely monitoring its …
Draghi’s Bazooka Backfires—Lots Of Noise, No Result
[Chart courtesy of MarketWatch.com] 1. Moving the Markets There was a lot of movement in the markets today that only resulted in minimal changes at the closing bell. Markets stayed flat after a roller coaster ride of reactions to reports from the ECB and decisions regarding oil. Lots of buzz about the European Union today! News came in that the …
Seven Years Since The Last Bear Market Low
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Spanning headlines today were 7-year anniversary nods to the bull market. Stocks gained slightly as the bear market rebound that has been in place since February 11 is trying to continue with investors latching on to recent data hoping that the the U.S. is not headed for an imminent recession. In M&A …
Dow Snaps 5-Day Win Streak
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Yesterday, I pointed out that investors would be closely watching a slew of economic data this week, one piece of which was China’s trade numbers. Well, the numbers came in today and were disappointing to say the least. Imports fell 13% and exports dropped a whopping 25%. That is a big number …
Monday Slowly Came And Went; Lots Data Due This Week
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks are showing signs of fatigue to kick off the new week, ending mixed Monday after a robust three-week short-covering rally, the biggest ever in history, that helped trim the big losses suffered early in 2016. The Dow and S&P 500 gained minimal and the Nasdaq slipped 2%. Crude Oil received a lot of attention today …