[Chart courtesy of MarketWatch.com] 1. Moving the Markets Friday’s rally following the 287k jobs number, which was only impressive on the surface, continued into Monday as traders considered the current situation a Goldilocks scenario. Because there is continued uncertainty about the fallout from the Brexit vote, the higher than expected jobs number is not seen as a signal that the …
Domestic Data Returns Stocks Winning Ways
[Chart courtesy of MarketWatch.com] U.S. equity ETFs returned to a more desirable direction today, snapping their first three-day losing streak of the year, as stocks got back to their winning ways in the face of the lingering uncertainty regarding global central bank stimulus and the World Bank delivering a downgraded economic growth outlook. The Dow Jones Industrial Average advanced 181 …
Stimulus Speculation Leads Equities Lower—Nikkei Does A Swan Dive
[Chart courtesy of MarketWatch.com] U.S. equities fought off early pressure but retreated at the end, giving benchmark indexes their first back-to-back drops in one month. The exacerbated concerns over the possible scaling back of asset purchases by the Federal Reserve along with disappointing Chinese manufacturing data were just too much to overcome. The Dow Jones Industrial Average lost 12 points …