RoboStreet – June 27, 2019 Cannabis Sector Sorting Winners From Losers Within every new industry, where the makings of a fundamentally bullish secular trend are being shaped, there will be some bumps, hiccups, and potholes along the way, that call into question the integrity of the long-term investment theme. Such is currently the case for […]
Markets remain in the green today following a great start to the week that was backed by a positive outlook on China-U.S. relations and corporate earnings. With the G20 summit ahead, where President Trump and Chinese leader Xi will meet, proposed additional tariffs were put on hold. Both sides are looking to resume trade talks […]
Major U.S. indices are up today behind positive earnings and global trade news. Micron stock is riding nice gains following their positive earnings beat which topped expectations for the quarter. Treasury Secretary Steven Mnuchin expressed positive progress in his latest statement regarding China-U.S. trade discussion, stating a U.S.-China trade deal was “about 90%” done before […]
Markets are extending last week’s significant gains with a focus on this week’s meeting between U.S. President Trump and Chinese President Xi, as well as monitoring escalating tensions in Iran. The Group of 20 summit kicks off this weekend in Osaka, Japan, where recent global trade tensions will likely be discussed. Oil prices continue to […]
RoboStreet – June 20, 2019 Market Melt-Up Feeding IPO Frenzy Yesterday’s trading session saw the S&P 500 hit a new all-time intraday high of 2,956 fueled by a very dovish Fed policy statement and optimism about progress on trade with China at the upcoming G20 Summit slated for late next week. Strong earnings from Adobe […]
Markets are extending their gains following yesterday’s no rate-change decision, notching four straight days major U.S. indices are in the green. Gold and oil remain on the rise while treasury notes are in the red today. Other than keeping rates unchanged, the biggest news from yesterday’s FOMC came in the form of Powell’s post-meeting presser […]
Major U.S. indices moved higher ahead of today’s Fed decision which held rates at unchanged. Following the meeting markets remained in the green as Jerome Powell met with the press and expanded on policy update, leading many to believe rates will be held until 2020. Yesterday, the market rose impressively behind the news that President […]
U.S. Markets are on the move up today ahead of this week’s Fed decision. The Federal Open Market Committee is scheduled to begin their two-day meeting tomorrow where a rate decision will be made, also due for a rate decision this week are U.K. and Japan markets. While some analysts predict a rate cut to […]
RoboStreet – June 13, 2019 Selective Stock Picking at a Premium This past week, seeing the S&P pivot off its 200-day moving average at 2,775 and rally a full 200 points higher was about as impressive of a move as anyone can remember in recent history. Fueled by the Fed all but guaranteeing one or […]
After trading lower Tuesday and Wednesday, major U.S. indices are in the green today. Weekly labor report showed a slight gain in the number of Americans applying for unemployment, further adding to the speculation the Fed will cut rates this year. Oil futures rose after an incident in the Gulf of Oman while energy is […]
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