Indices are trading down today as markets will prepare to react to three events: policy updates from central banks around the world, the U.S./China trade deal and a deadline for a major tariff being set for this coming Sunday. Last Friday we saw a better than expected jobs report which drove a temporary rally that […]
RoboStreet – December 5, 2019 Markets in Lockstep with China Trade News There is no argument among traders and investors that trade-related news has the market gripped to short-term directional moves. While the majority of sectors have broken out to support the new highs for the stock indexes in November, the broad market is consolidating […]
U.S.-China “Phase One” deal progress continues to dictate markets, both domestically and globally, as continued discussions by both parties have raised optimism for a signed partial deal. Other factors impacting markets today include the latest released economic data as well as OPEC developments, following their summit in Vienna. Tomorrow, look out for December Consumer Sentiment […]
U.S. stocks are trading higher today off positive U.S.-China reports which indicate a part of the “phase one” deal could be signed before the December 15th tariffs, which would avert the planned tariff hikes. Reports that a partial part of the deal could be signed sooner than expected has all three major U.S. indices on […]
Major U.S. indices were weighed by underwhelming November manufacturing data as well as the latest tariff news. The unexpected dip in U.S. manufacturing data has overshadowed positive economic data from China while also tampering last week’s trade deal optimism, which pushed indices into record territory. China has levied its first counter-measure regarding the U.S. intervention […]
RoboStreet – November 29, 2019 Black Friday Brings Good Deals and Good Trades As sure as Thanksgiving was a time of expressing gratitude and sharing time with family and friends, the following day is considered the official kickoff shopping season for Christmas. Black Friday brings all the discounts, bargains, and special “one-time” deals consumers are […]
Major U.S. indices are on track to close in the green today after reaching record highs yesterday. The Dow opened in the red this morning behind struggling Boeing and Caterpillar shares, as well as Deere earnings which released this morning and saw shares lower over 4%, only to rebound in the afternoon. U.S. markets will […]
Indices are trading up today following a weekend raft of positive corporate merger news and an upbeat tune to trade deal commentary from China and the United States. The S&P 500 rose 0.6% to 3,129 today, above its last closing high of 3,122.03 on 11/18. The Nasdaq also breached its last closing record (11/19) by […]
RoboStreet – November 21, 2019 All Things China are Ruling the Rally There is no denying the pivotal force behind the daily stock market activity is the tone of the trade negotiations between the U.S. and China. The flow of headlines, some of which can be corroborated and some of which quote “a source close […]
Indices are trading lower at the outset today following weaker than expected labor market data and some unsure footing in the China/U.S trade deal. The U.S. Congress passed a bill in support of protests in Hong Kong, a move that was expected to have direct repercussions in the China/U.S. trade deal. A Chinese invitation to […]
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