Rates cut and equities down
Historically, initial rate cuts are followed by an average 2% immediate decline before seeing upside in the intermediate term. Today, after Fed Powell announced a 25bp cut, the S&P…
Read MoreHistorically, initial rate cuts are followed by an average 2% immediate decline before seeing upside in the intermediate term. Today, after Fed Powell announced a 25bp cut, the S&P…
Read MoreMany are wondering why the market reacted so poorly to the Fed Rate cut that was announced today.
Read MoreADP reported that private payrolls at U.S. companies increased by 156k in July, ahead of estimates which were expecting an increase of 150k.
Read MoreThe new highs in the S&P 500 (SPX) last week turned newsletter writers more bullish.
Read MoreWhen I was learning to fly a few years ago, my flight instructor gave me a talk about “get there-itis.” It refers to deciding to fly because you had…
Read MoreIt has been an unusually tight trading range for the Dow Jones Industrial Average (DJIA) recently.
Read MoreThere is very little movement and liquidity in the market as we wait for key economic data, the Fed announcement Wednesday, and further clarity on Chinese trade negotiations.
Read MoreThe Conference Board reported the Consumer Confidence Index had an 11-point rebound in the latest survey.
Read MorePersonal Income and Spending data was released this morning and it showed income rose 0.4% in June, matching the consensus estimate and the revised May reading (Figure 1).
Read MoreUS equities traded mostly lower on an uneventful Monday, preceding a busy week of macro data and earnings. The S&P 500 (SPX) finished down just -0.16% after rising more…
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