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Let the music play

Let the music play. Markets shrugged off the trade fears of prior sessions yesterday with all the major indices ending in positive territory. In contrast Asian markets did not fair so well with Chinese equities closing in bear market territory. Yesterday’s domestic move was helped along by small...
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Afraid of Trade

Afraid of Trade… still. Trade issues dampened equity trade once again yesterday, although not to the same extreme as in prior weeks. The S&P 500, with little in the way of stimulus, managed to trade up on the session, though it closed just above its lows. Although it represents a small gain, it was...
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Trade Fade.

Trade fade. Last week’s chaotic week of trade was capped off by an upbeat employment number, though any hopes of rally were quickly dashed by President Trump who said that additional trade sanctions on China may be needed. So the fear trade crept back into the markets last week, albeit with less...
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Crazy Train!

Crazy Train! Yesterday’s trading day was not quite as off-the-rails wild as Ozzy Osborne’s crazy train, but it was nonetheless quite a ride for some, especially if you were a technology stock. Technology continued its selloff yesterday pulling the tech-heavy NASDAQ down -0.9%. Though it closed well...
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Schooled.

Schooled. The first bell of the school year rang yesterday for many across the US marking an end to the summer holiday. Similarly momentum along with emerging market stocks were woken up by alarms yesterday as they hit a soft patch. Yesterday’s session began with many traders awaiting tech giants...
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Temperature rising!

Temperature rising! The temperature is not the only thing rising as domestic manufacturing picked up adding to the already sizzling US economy. This according to the ISM manufacturing PMI that was released yesterday. The index came in at 61.3 up from last month's 58.1, with economists expecting...
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Beat the Heat!

Beat the heat! Traders, perhaps bogged down by late Summer heat (or beach traffic), were unable to prop up markets on the the last trading day of August. Stocks started Friday’s session still reeling from the Thursday Presidential pronouncement of more tariffs on China. In fact, that was just one...
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