Stocks sell off on tariff news (again)
Similar to Monday, stocks opened much weaker today, after news came out the night before about a breakdown in tariff talks.
Read MoreSimilar to Monday, stocks opened much weaker today, after news came out the night before about a breakdown in tariff talks.
Read MoreInitiating 2020 SPX Target of 3,350. Throughout this cycle, the market has been driven by the perception of Fed policy, availability of credit, EPS growth, and what investors are…
Read MoreThis segment from CNBC’s “Fast Money” last Tuesday (Click Link) is a very good discussion on our near-term tactical call for a minor correction and our still very bullish…
Read MoreOver recent weeks, we have been posting about the likelihood of an expected pause in the upside given the overbought/optimistic level in our key tactical indicators.
Read MoreThe major equity indices all recorded sizeable gains today, but it was Russell 2000 Index (RTY) of small cap stocks that was the best performer, surging higher by…
Read MoreWhile the employment report was the focus of attention, at 10am we also got the ISM services report.
Read MoreAlthough we believe the markets are in the midst of a period of digestion following the 16% S&P 500 year-to-date gain, the April Payroll report reinforced our positive…
Read MoreThe monthly jobs report is due out at 8:30am and the current Bloomberg consensus is for Nonfarm Payrolls to increase by 190k. The Unemployment Rate is expected to be…
Read MoreThe first quarter of 2019 saw a nice increase in the efficiency of workers. The Bureau of Labor Statistics (BLS) reported productivity jumped to a 3.6% annualized rate,…
Read MoreAs widely expected by market watchers and economists, the Fed voted to keep the Fed Funds rate unchanged at 2.25-2.50%.
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