[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 …
Fourth Straight Loss For Domestic Indexes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks extended their decline today as the Fed began its two-day policy meeting. The general sentiment is that rates are going to be hiked anytime soon, so that potential announcement is fairly well baked into prices throughout the market at this point; that’s the official version. Personally, when looking at the consistently …
Big Gains For Wall Street On Earnings And ECB Stimulus Talk
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks skyrocketed Thursday as investors were quite encouraged by a market moving earnings report posted by McDonald’s (MCD) and signs from Europe that more stimulus might be on the way for the European Economy. In the end, it was really ECBs Mario Draghi’s jawboning about “re-examining” its stimulus program, which lit some …
Markets Get Boost From Russia-Ukraine Cease-Fire
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks continued to climb as investors were encouraged by Russia and Ukraine announcing a cease-fire. The S&P 500 moved within two points of a record closing high and the Nasdaq is at its highest level since March 2000. Advances today were mostly led by technology stocks in the Nasdaq. However, Cisco (CSCO) …