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U Turn. Stocks reversed course after a morning of selling with the S&P500 bouncing off the 2018 low close made back in April. As the session began on an already weakened leg from Asian trade, news that Britain’s Prime Minister Theresa May was postponing a Brexit vote in Parliament hit the news...

Into the basement. Sellers pushed stocks into the cellar on Friday as fear over trade and the yield curve loomed over the markets. Friday morning’s economic releases painted a positive picture of job growth (although newly added non-farm payrolls were slightly less than expected) with the...

Whipsaw!! There is no better way to describe yesterday’s equity markets than to use the old Wall Street description. Traders awoke yesterday to see the last hopes of a post G-20 rally fade away as news of Huawei CFO Meng Wanzhou’s arrest in Canada hit the tapes. As reported here yesterday morning,...

Sweet and sour. Stocks were pounded on Tuesday as trader sentiment shifted from ecstatic to panic. Markets seemed to set themselves up for disaster last week as they rallied on no real Fed policy changes and hopes for a Chinese deal. By Monday it should have been clear that the meeting in Buenos...

Remembering 41. As the Nation and the financial markets pause to mourn the loss of President George H. W. Bush, I thought this would be a good day to reflect on his presidency from the perspective of the financial markets. Bush certainly inherited his fair share of challenges on both the political...

Give peace a chance. The so-called truce between the US and China had traders in stocks, bonds, and crude betting that better things will come. As reported here yesterday the 90 day truce, which included several “potential” concessions by the Chinese and a pledge by the US Administration to hold...