[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, the trading month of August was a wild ride for us all. August 2015 chalked up to be the worst month for the Dow since May 2010 and the stock market’s first 10% correction in four years. Investors remained nervous over fears of a move by the Fed to raise rates …
Markets Smash Hopes About Stability
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Uncertainty about the timing of Federal Reserve rate hikes and persistent fears about a China slowdown continued to weigh on financial markets after last week’s wild ride. Investors thought stocks may have stabilized by the end of last week, however, indexes tumbled and oil prices surged Monday as Wall Street closed out …
Indexes Continue Rising Despite China Concerns
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks surged again as Wall Street built on the Dow’s historic rally Wednesday. Order is now allegedly restored in the U.S. stock market following its first dip into correction territory in four years. Investor angst is on the decline and stock prices were again on the rise following the Dow’s nearly 620-point, …
A Rebound With Legs Or Another Dead Cat Bounce?
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The Dow rebounded big time today, surging nearly 620 points, which is its third-best daily point gain ever and best since 2008. This finally ended a painful six-day losing streak and gave Wall Street the signs of stabilization it has been craving after its worst rout in four years. Giving the markets …
Bounceback Tuesday Turns into Vicious Sell-off—China Dumps Again
[Chart courtesy of MarketWatch.com] 1. Moving the Markets This morning, China’s Shanghai index took another cliff dive at the tune of some 7.6%, but the European and U.S. markets simply ignored it as they were busy celebrating the Tuesday bounce-back, which took the Dow up by some 440 points. Unfortunately, the euphoric feeling did not last, and the major indexes …
World Equities Get Crushed By The Great Fall Of China
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It all started with China’s Shanghai index dropping some 8.5% and the European markets following closely by losing some 5%. U.S. equities took a huge tumble at the opening, rallied back to almost even before succumbing to last hour selling. China has been a story in itself with their index having gained …