[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes showing early weakness, as optimism about a quick passing of the fiscal stimulus bill vanished, equities ended up finding some support. That level served as springboard for a nice mid-day rally, which kept the indexes in the green. As has been the case lately, and today was no exception, …
Cooling Off
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets were mixed due to fresh tensions between China and the U.S., with uncertainty rising as progress on the coronavirus relief bill was nowhere in sight. This theme carried into the regular session where two of the major indexes headed south and never crawled back out of the red zone. The …
Stimulus Optimism Boosts Equities
[Chart courtesy of MarketWatch.com] Moving the markets With both warring parties looking to find common ground for a stimulus package, demands had been considerably dropped from the original over $2 trillion to a far more modest $907 billion. Optimism prevailed early on when a more comfortable number of $600 billion was circulated. However, nothing was decided, but the markets were …
Looking For A Catalyst—And Finding It
[Chart courtesy of MarketWatch.com] Moving the markets Expectations and reality were at odds this morning when the Labor Market Index weakened yet Bond yields spiked with the 10-year trading just above 0.95% and approaching critical resistance. Sure, the weakening Labor Market Index was the result of the latest miss on ADP employment with data coming in at a disappointing 307k …
Storming Into December
[Chart courtesy of MarketWatch.com] Moving the markets An early rally got cut down, especially in the Dow, but the major indexes managed to eke out solid gains to start the December by continuing the bullish theme of November. The S&P 500 and Nasdaq scored new record closing highs, but the Dow was not able to remain above its 30k level. …
Fading Into The End Of The Month
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow having had its best month since 1987, the last day of November proved to be a downer with the major indexes slumping led by the Dow with the Nasdaq holding up the best. This pretty much reflects this year’s performance when, despite the hype accompanying the Dow reaching the $30k …