[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended down Tuesday but cut early sharp losses as financial markets came under pressure for a second straight day from volatile oil prices. Oil prices fell 6% Monday and dropped as much as 2.7% to $36.64 a barrel in early trading today before reversing course and closing at $37.60 a barrel. …
Sleigh Rides Are Never Smooth
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While December is usually a favorable month for publicly traded stocks, it is never an easy “sleigh ride” through the New Year. Snow has its soft and hard patches, but it’s allegedly all worth the ride as they say. The stock market took a stiff hit Monday as oil prices tumbled to …
Markets Melt On ECB Results; Renminbi Now Elite; Domestic TTI Goes Negative
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The S&P 500 index dropped back into the red for 2015, and the Dow ended down 252 points at 17,478 today after the ECB announced fresh stimulus efforts that didn’t meet the lofty expectations of investors. It was all about Europe today, as ECB President Mario Draghi failed to deliver on the …
Stocks Sink Despite Solid Jobs Numbers
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks were mixed most of the day, but then all three major benchmarks sank and finished down as news spread of a reported mass shooting in California. A standout amid the downturn was Yahoo (YHOO) as shares gained 5.8% on speculation the embattled tech icon may be acquired by an unspecified …
Markets Kick Off December In A Jolly Mood
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The all too familiar mantra pushed indexes higher with the S&P conquering the 2,100 level again. Equities rallied because economic outlook is fragile, bond yields are dropping, US manufacturing is extremely weak and suddenly the odds for a December rate hike are heading south. In other words, the markets rallied in the …
Stocks Fail To Impress Post-Thanksgiving Holiday
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks traded modestly lower Monday as Wall Street kicked off a big week with investors eyeing Cyber Monday sales, a key bankers meeting in Europe Thursday that could result in more stimulus efforts and the monthly U.S. jobs report on Friday. Heading into today’s trading session, which marks the final day …