GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Seesaw. Stocks reversed early gains yesterday to close in the red as the bond market challenged the President’s claims. No trade news left investors debating whether or not a phone call actually came from China over the weekend and ultimately the yeses lost.

Up, down, to, and fro. Markets bounced yesterday on the President’s reporting that China wants a deal. In the wake of last Friday’s disastrous session for stocks, Trump's warmer tone offered a reprieve from the fear trade.

Regrets, I’ve had a few…. Stocks plunged on Friday in response to a trade war escalation while the Fed attempted to instill confidence. Friday’s session was a roller coaster brought on by a series of Trump tweets, which overshadowed Powell’s dovish speech.

A view of the mountains. Stocks posted a mixed close yesterday as traders awaited the Jerome Powell’s Jackson Hole speech this morning. Surprisingly weak economic news and hawkish comments by some Fed officials were not enough to douse the dovish hopes of traders.

Shopping, not stopping. Stocks rose yesterday as retail showed resolve in earnings. Consumers continue to shop, keeping the retail sector and the economy moving forward.

Give me a sign. Stocks pulled back slightly yesterday as investors await some direction from the Fed. A pile of confusing statements by the President left traders scratching their heads wondering if what he said was good or bad for stocks.