Bond markets are closed today for Veterans Day observance while major U.S. indices are open and down today. Although all three major U.S. indices ended the week in decline, all three actually made gains for the week that featured both midterm elections, which split Congress, and the Federal Reserve meeting, which did not increase interest […]
RoboStreet – November 8, 2018 Referendum on Pot Legalization Gains After Midterms Leading up to the post-election rally, earnings from high-profile companies dominated the attention of the financial media and investors alike with a tremendous amount of debate as to whether the third quarter represented an earnings peak for the current economic cycle. This topic […]
U.S. stocks are slightly down today and all eyes are on the conclusion of the two-day Fed meeting. There will be no press conference after the meeting but Chairman Powell has vowed to meet with the press after every FOMC in 2019 and on, raising the importance of the subsequent notes and minutes from today’s […]
U.S. stocks are up significantly today after yesterday’s midterm election that saw Republicans maintain control of the Senate while Democrats took control of the House. This comes after a positive Tuesday for all three indices and with elections over focus will shift to the tail end of earnings season and the two-day Federal Reserve meeting. […]
U.S indices inched in both directions as the Dow and S&P moved up while the Nasdaq moved down. Expect volatility to potentially retest $30 level. On Friday, all three indices closed lower after a short-lived rally on Thursday behind renewed optimism in China-U.S. trade relations and the continuation of great earnings. Friday’s falter did not […]
RoboStreet – November 1, 2018 Relief Rally Under Way Following Red October Closing the books on the month of October couldn’t come soon enough for most investors. Roughly 90% of all stocks are trading well off the late September highs, some high-PE growth stocks as much as 40%-50%. About the only asset classes that have […]
All three major U.S. indices are looking at recording their third straight day of gains behind strong earnings and renewed optimism in global trade relations. Apple is due to report today after market close, one of many big-names still yet to report, while Facebook reported yesterday to fairly positive results. On the tariff front, recent […]
Major U.S. indices are up today, returning their yearly and monthly gains to positive territory after a turbulent start to the week had U.S. indices down. A continuation of positive earnings likely supported the rally, though it should be noted that next week’s midterm elections will continue to hold a cap on such rallies. Likewise, […]
U.S. Stocks started higher today after a string of losing sessions in the previous week that brought yearly gains of the S&P and Dow Jones into the negative territory only to briefly return to positive today as all three indices fell in afternoon trading. Midterm elections will hold a cap on any serious rallies despite […]
RoboStreet – October 25, 2018 Bottom Forming or Just a Big Bounce Yesterday’s rebound gave investors the bounce in equities that might have signaled a bottom to the three-week correction that has seen the S&P decline 9.9%- and the Nasdaq 12.2%- from the recent high to Wednesday’s low. If so, it would qualify as a […]
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