On the second to last trading session of 2019, all three major U.S. indices closed in the red but remain on track to finish the year with full-year gains of over 20%. Today’s session was the worst of December but follows several record days for all three indices. On Saturday, a Chinese delegation will head […]
RoboStreet – December 26, 2019 Market Sets New Milestones as 2019 Comes to a Close For the greater part of 2019, the stock market was beset with fear and trepidation over the potential economic impact the trade war between the U.S. and China would have on financial assets. Record amounts of cash rotated into fixed […]
With only a few trading sessions left in 2019, traders remain optimistic heading into 2020 as both Chinese and U.S. officials appear to be on track for a partial trade deal. President Trump declared the “deal is done” on Tuesday while Chinese officials shared similar comments stating “close communication” regarding the signing of the deal […]
After reaching record levels last week, markets continue to trade higher behind additional U.S.-China developments, easing of global tensions, and strong economic reports. The latest reports have China cutting tariffs on key goods in the tech and pharmaceutical sectors. With this latest development, progress and communication between China and the U.S. appear to be ongoing […]
RoboStreet – December 19, 2019 Santa Claus Rally in Full Swing By definition, Wall Street labels a rising market the last two weeks of December as the infamous “Santa Claus rally,” and this year it looks as if Santa showed up with a fully loaded sleigh. The bullish trend that triggered a fresh upside breakout […]
Major U.S. indices set new intraday highs as markets continue to maintain gains following last week’s U.S.-China agreement. Over in D.C., the House of Representatives have elected to impeach President Trump, sending the decision for impeachment over to the Senate, and for the most part not affecting markets. The next vote on impeachment will take […]
Major U.S. indices are on track to close in the green for the sixth straight day as Friday’s “Phase One” U.S.-China deal continues to support markets. Impeachment proceedings in D.C. have yet to impact markets while strong economic data, such as yesterday’s housing data, is helping markets reach record highs. Today, General Mills reported earnings […]
Today, markets are maintaining their gains after nearing record highs on Friday following two key global developments: the completion of the U.S.-China “Phase One” deal and the U.K.’s election. While the U.K. election provided further clarity on Brexit heading into the new year, the signing of the U.S.-China deal was able to avert fresh tariffs […]
RoboStreet – December 12, 2019 More Tweets and Trade Optimism The expression of “this isn’t our first rodeo” seems fitting for a stock market that is joined at the hip with tweets from the White House and Beijing. It is in the best interest of both the U.S. and China to forge some kind of […]
Major U.S. indices neared record highs today off promising U.S.-China trade-deal news while also positively receiving the latest Fed policy update. Yesterday, the Federal Open Market Committee decided to keep rates unchanged during the final FOMC meeting of 2019 while also signaling rates will remain at 1.5%-1.75% in 2020. A possible interest rate hike could […]
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