[Chart courtesy of MarketWatch.com] 1. Moving the Markets If you read yesterday’s commentary, you may remember me discussing the possibility that U.S. Crude oil could fall below $40 a barrel. Well, today it happened, which is completely opposite of how analysts were expecting the black gold to perform this summer. Many had pegged $50 per barrel as a mark that …
Mediocre Monday; Uber Hails Ride Back From China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks were mixed Monday as a two-week period of relative stability in the markets continued despite a sharp slide in oil prices. In Uber news, we heard today that the company is officially “bowing out” of the China market. Uber’s Chinese operations will merge with Beijing-based ride hailing firm Didi Chuxing. …
Mixed Signals
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed after the Federal Reserve’s afternoon decision to leave interest rates unchanged was no surprise to investors. The Fed, which hiked rates off 0% back in December for the first time in nearly a decade, has kept rates steady this year, citing uncertainty abroad, the aftermath of the ‘Brexit’ vote …
Bulls Are On Hold; Waiting For The Fed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks ended mixed Tuesday as investors digested a mixed batch of earnings reports and as the Federal Reserve kicked off a two-day meeting on interest rates. As you can see in the above S&P chart, stocks dropped sharply during mid-day about 0.75%, but were pushed back up since, with the Fed …
Slow Start Following Four Week Run
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After ending last week at a record high, the U.S. stock market pulled back Monday ahead of a week that features a big onslaught of corporate earnings results, a key meeting on interest rates and a barrage of fresh economic data. Stocks are riding high on four straight weeks of gains, driven …
Winning Streak Snaps; Markets Pause
[Chart courtesy of MarketWatch.com] 1. Moving the Markets As you know, the Dow has been riding the bull for 9 day continued winning streak that hasn’t happened in three years. Unfortunately, that streak snapped today due to mixed earning reports here in the U.S. and an announcement from the European Central bank that they will hold off on additional stimulus …