Tax-reform optimism is setting the tone for trading both today and yesterday, as we’re seeing the DJIA and S&P 500 inch up toward record territory. The Dow reached 23,910 in earlier trading, with all components of the index gaining. The S&P 500 hit 2,629- led by financials. The tech-heavy Nasdaq, however, took a dive and […]
After a weekend of high-traffic retail spending and pushing through into Cyber Monday, we’re seeing strong gains in the consumer discretionary and financial sectors. Although we may be seeing an online-spending record set today, the energy sector is pulling back. This may be in part due to anticipation of a November 30 OPEC meeting, in […]
We’re seeing the typical trends in pre-holiday trading today, as investors await the release of November FOMC minutes due at 2 p.m. Eastern Time. There is a broad expectation that this report will point to a likely short-term interest rate hike next month. In corporate news- we’re seeing sharp declines in both Hewlett Packard Enterprise […]
After German political tensions turned down over the weekends, investors are looking toward tax reform plans and switching to a risk-on attitude. Although major U.S. indices are recovering from previous slides, we’ll see a drop in volume as we approach the Thanksgiving weekend. The Euro (EURUSD) had dropped but since recovered after a breakdown in […]
Two major factors are compounding today’s broad market drops across all major indices: a questionable timeline for tax reform and a series of crude oil data which dropped benchmark prices. We’ve moved past earnings season at this point, so investors are much more sensitive to economic data and other political news that were previously sidelined […]
Although investor sentiment and attention is focused on parsing tax reform debates, there were a round of major moves in equities today. We’re seeing two big merger and acquisition stories today- with Qualcomm Inc. (QCOM) rejecting a Broadcom Ltd. (AVGO) takeover bid as well as a potential Hasbro Inc. (HAS) takeover of rival toymaker, Mattel […]
To read your current issue, please continue below: FREE “YEAR-END FEEDING FRENZY” Webinar TOMORROW! @ 8 p.m. ET How to rack up a quick 87% gain from the post-earnings feeding frenzy! Click Here to Register Now Major U.S. indices are seeing little changes today as investors are contemplating the rollout of a tax reform […]
To read your current issue, please continue below: FREE “YEAR-END FEEDING FRENZY” Thursday, November 9th Webinar@ 8 p.m. ET How to rack up a quick 87% gain from the post-earnings feeding frenzy! Click Here to Register Now This week will not see a great deal of economic data, so market participants are focusing on […]
We’re seeing major U.S. indices moving along the path of least resistance. In this case, that path is further upwards with intraday records set by the DJIA, S&P 500 and the Nasdaq. Although a release of Republican tax-cut plan details is delayed by a day, there is enough activity and impending news to hold investor […]
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