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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...

Dinner is a winner!? Stocks surged on the heals of continued Fed happiness and reports surfacing that a deal for China was prepped and ready. All major equity indices traded up late in Friday’s session ending November on a positive note. The move represented a convergence of positive drivers, chief...

Calm before the storm. Market’s traded off slightly in a bumpy day of trade where numbers didn’t matter but tarmac talk saved the day. Markets started the day soft, trading to session lows by mid morning largely ignoring economic numbers that suggested that inflation was slightly lower than...