[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 …
And The Short Squeeze Continues…
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Sure, why not? Manufacturing is in a clear recession and the services economy is about to follow, but the short squeeze continued late in the day with the computer trading algos pushing the indexes another notch higher towards the 2,000 level on the S&P 500. To my way of thinking, the markets …
Second Day Of March Modest At Most
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its best start to March ever on signs the U.S. economy is perking up, U.S. stocks managed modest gains and the Nasdaq exited correction territory as investors digested the latest upward move and Super Tuesday results. Tuesday’s rally, which was powered in part by incoming economic data that allegedly suggests that recession fears …
When Bad News Is Good News And Good News Is Great News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As I was scanning the early news on MarketWatch, I cam across the headline “Wall Street gains as weak data spurs stimulus,” which was later removed and replaced with “Wall Street surges as data points to economic recovery” confirming that according to MSM bad news is good news and good news can …
Dow Is Only Index To Stay Above Water In February
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks ended February on a sour note as oil prices rose and “the” meeting of G20 finance officials ended without pledges for joint action to stimulate sagging global economic growth. As I mentioned on Friday, chances are great that useless jawboning without concrete results or resolutions is as good as it gets. The …