There is a consensus that today’s OPEC meeting will result in an agreement around production caps. The barrels-per-day production numbers are to be reduced to 32.5 million from 33.6 million. One crucial part of this deal involves the estimation of production numbers for each country. There is concern about how these figures are calculated and […]
Today is Cyber Monday, but in many cases, it’s been a Cyber Weekend and stock figures are showing as such. We see major traditional retailers selling off but online retailers and shipping giants gain. You may have noticed reduced crowds and less news of door-busting shopping frenzies this year. That’s because most have opted to […]
For the first time in history on Tuesday, the Dow closed above 19000. This movement followed record setting streaks in other major indexes, and we can expect slight dips. The S&P 500 is hitting its own proverbial ceiling, trading at 2199.13 which is down 0.17% from its open. The blue-chip index has been breaching 2200 […]
This week of trading is shortened by the Thanksgiving holiday, and we’ve kicked off the week with broad Monday gains across indexes. We can also expect rallies in the retail and consumer discretionary sectors for the short-term, considering the coming series of shopping holidays. This past Friday, 0.2% dips were seen at the close across […]
The post-Trump effect saw broad gains in sectors which would ostensibly benefit from his administration’s new fiscal policy and public works spending. However, the year is drawing to an end and institutional investors will begin their window-dressing activity before reporting to shareholders. As an example, financials are now slightly overbought and starting to sell-off. Those […]
After dealing with initial shocks and portfolio adjustments last week, we’re seeing market gains across various indexes. The Dow surged to record-breaking gains, the highest weekly marks since 2011. Looking to the attractive prospects of rising rates, J.P Morgan Chase and Goldman Sachs Group were at the forefront of this surge. DIJA is currently trading […]
Donald Trump’s presidential victory highlights a repeatedly overlooked social phenomenon occurring across Europe, in the UK, and the US. Much like the Brexit event, polls were wildly off and most analysts failed to accurately capture a frustrated working-class expressing anger toward their respective political and business establishment. Fortunately for markets, investors are less reactionary and […]
Political news has held sway over markets recently, and today’s developments are no exception. The FBI, after announcing a re-opening last week, has abruptly dropped the investigation surrounding Hillary Clinton’s email controversy. Clinton, the stability candidate, is now more likely to see a win and this is dampening volatility concerns. Across the board, we can […]
Election uncertainty rules the day, as stocks see another round of declines. The S&P 500 is currently at 2102.69, a slight dip of 0.43% from Tuesday’s close. New poll numbers are starting to upset the widely held belief that Hillary Clinton would easily emerge victorious on election day. An ABC/Washington Post poll is now showing […]
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