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Wealth 101
July 22, 2019
Summer is here....on Wall Street
Summer is here… on Wall Street. Stocks slumped on Friday as disappointed bulls received clarification from the NY Fed, that its President was not signaling a 50 basis point rate cut. Traders were too quick to react to a speech by a Fed official and were let down when the Fed felt the need to...
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July 19, 2019
Mixed Signals
Mixed signals. Stocks were up slightly yesterday amid mixed earnings and renewed trade fears. Stocks spent most of the day in the red but managed to climb into the black on the heels of some positive news in manufacturing and despite disappointing earnings releases.
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July 18, 2019
Days of Reckoning
Days of reckoning. Stocks slipped yesterday as mixed earnings results, weak economic numbers, and trade fears gave traders reason for pause. Earnings season is here, and it’s time for companies to show their stuff.
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July 17, 2019
A Penny Earned
A penny earned. Stocks slid on Trump trade comments yesterday as investors turned their focus on earnings. After some positive pre-bell earnings surprises stocks started the session in the black but quickly turned down on freshly sparked trade fears.
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July 16, 2019
Much Ado About Nothing
Much ado about nothing. Stocks drifted slightly higher, even achieving records, on a day with very little to contemplate. With earnings season looming, traders once again took the path of least resistance.
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July 15, 2019
Ain't No Stopping Us Now!
Ain't No Stopping Us Now! Stocks rallied to new highs on Friday, once again, as investors remain convinced that lower rates are a sure thing. Traders largely ignored inflation figures choosing instead the path of least resistance for stocks… up.
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