[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today’s rally shifted into overdrive this afternoon as the ECB announced their widely anticipated stimulus program in form of expanded asset purchases at the tune of some $60 billion per month until at least through September 2016. The markets were expecting a shock-and-awe type of plan, so this was good news. Whether …
3rd Straight Day Of Gains
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended higher as investors were encouraged by reports that the ECB was poised to unveil further stimulus measures. Investors on Wall Street have been looking for more aggressive measures from central banks of recent, specifically the ECB, to combat the risk of deflation and a weakening euro zone economy. Domestic stocks …
Equities Bounce Back; China’s Slowing Growth
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks trimmed early losses on the day to close in the green. Investors shook off a mixed batch of earnings reports and concerns about global growth, while oil prices continued to tumble. In the media entertainment world, shares of Netflix (NFLX) popped 13% on the streaming video company’s fourth quarter earnings that …
Equities Stumble For The 5th Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was the Swiss National Bank (SNB) which stunned the markets by not only removing its currency peg with the Euro but also implementing a rate cut at the same time. Swiss stocks collapsed, rates crashed while the Swiss Franc soared leaving the big boys, who were short, wondering how to possibly …
Markets End Lower For Fourth Straight Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets dropped again today following a weak reading on holiday retail sales and a disappointing earnings report from JPMorgan (JPM). The consensus amongst analysts regarding the lower earnings is that the bank has been dragged down by ongoing legal costs. Renewed turmoil in commodities also weighed on investors, as did a global …
Dead Cat Bounce Takes Markets For A Ride
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a wild and bumpy ride on Wall Street today. Volatility continued, and we saw the Dow swing back and forth to the tune of 400 points before closing in the red. Early gains were largely driven by upbeat investor sentiment reacting to Alcoa (AA) posting a top notch earnings report, …