Wednesday, March 08, 2017 9am EST U.S. stocks were set to open little changed on Wednesday after a better-than-expected private sector hiring pointed to a healthy labor market, making an interest rate increase by the Federal Reserve next week near certain. The report is seen as a precursor to Friday’s more comprehensive nonfarm payrolls data,…
Monday, March 06, 2017 U.S. equities fell on Monday as the chances of tighter monetary policy from the Federal Reserve sunk in for investors, while geopolitical concerns increased. “It feels like the fundamental picture is still there,” said Art Hogan, chief market strategist at Wunderlich Securities. “But at the same time you’ve got some events…
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Stocks End Mixed To Mostly Higher As Small Caps Lag Stocks ended mixed to mostly higher for a sixth straight week, literally every week Trump has been in office. Small caps lagged and ended lower which is a sign of near term fatigue. Remember, markets do not go straight up. At this point, it is…
Tuesday, February 28, 2017 U.S. stocks closed lower Tuesday as investors eagerly awaited a speech from President Donald Trump while parsing through key economic data. The Dow Jones industrial average closed about 25 points lower, with Wal-Mart contributing the most losses. The index also snapped a 12-day winning streak. “Investors are setting up to potentially…
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Stocks End Mixed On Trump’s 5th Week In Office Stocks ended mixed to mostly higher on Trump’s 5th week in office. The relentless rally, coupled with the inability for stocks to fall in a meaningful fashion, illustrates how strong the bulls are right now. The more we scan the market and look at leading stocks,…
Friday, February 17, 2017 U.S. equities closed mixed on Friday, but managed another record close, while investors kept an eye on France’s presidential election. “Investors right now continue to shrug off almost all bearish news and continue buying stocks,” said Adam Sarhan, CEO of 50 Park Investments. “Pullbacks now last hours; not days.” “Right now,…
Stocks Rally On Trump’s 4th Week In Office Stocks are up four weeks in a row and have literally rallied every week since Trump took office. The market hit another fresh record high last week as buyers continue to aggressively accumulate stocks. Just to reiterate, this feels like the very early stages of a 1999/1929…