[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets are on a 3-day run heading into the end of May and it seems that a ‘Rally Cry’ is on the tip of everyone’s tongue despite China devaluing their currency to the lowest in 5 years and the U.S. services industry tanking. So, what is driving markets higher this week? A …
Tickets On Sale Now For The Wall Street Roller Coaster!
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wednesday was a wild roller coaster ride on Wall Street, with stocks moving off of earlier, huge losses and the Nasdaq almost landing in positive territory. The sell-off that has engulfed global stock markets early in 2016 intensified from the market open, with the Dow plunging as much as 565 points and oil breaking below …
Fed Commentary Takes Starch Out Of Upward Momentum
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks took a dive today, ending another wild ride with a plunge deeper into the red after the Federal Reserve’s latest policy statement. The Federal Reserve gave no indication today that it would stand down from plans to raise interest rates this year, noting that it expects unusually low inflation to gradually …