RoboStreet – February 22, 2018 Bulls Beating on Overhead Technical Ceiling The flashpoint for the stock market occurred on February 9 when the S&P 500 tested its 200-day moving average at 2,533 after which recovering roughly 65% of the decline from the all-time high of 2,872. Volatility remains prominent within the investing landscape as market […]

After a Tuesday that saw continued tech selloff weigh down U.S. Stocks, overall U.S. assets actually rose due to strong gains in the energy sector. Today’s action can be described as hesitant as traders look to dissect the big news following Federal Open Market Committee meeting which ended 2:00 PM ET, followed by a 2:30 […]

Concerns over a hawkish U.S. stance on trade with China continues to fuel speculation of a global trade war as the Trump administration moves forward with tariffs on steel on aluminum. Also gaining global attention will be this week’s Federal Reserve two-day meeting of the Federal Open Market Committee that will likely result in raised […]

RoboStreet – March 15, 2018 Tariffs Could Be A Big Catalyst For Technology President Trump is getting ready to crack down on China’s long history of intellectual property theft. The president told his top advisors and Cabinet secretaries at a meeting last week that he wanted to hit China with steep tariffs and investment restrictions in […]

Major U.S. indices saw slight early rebounds from Tuesday’s profit taking, which was stoked by the abrupt replacement of Rex Tillerson with CIA Director Mike Pompeo as Secretary of State. Although this was another significant marker of uncertainty amongst investors around the Trump administration’s overall stability, this departure had been widely expected for some time. […]

Following some slight trepidations over inflation and rising prices last month, the U.S. stock-market indexes and futures continued to trade higher on Monday. A broad rally of the S&P 500 saw 10 out of 11 primary sectors rise on Monday. Group standouts were the telecommunications sector, rising .8%, and consumer-discretionary stock, up .7%, while the […]

RoboStreet – March 8, 2017 Tough Tariff Talk Can’t Roil Teflon Market Yesterday, President Trump laid out plans to enact tariffs on imported steel and aluminum that will take effect in two weeks. Canada and Mexico will be exempted indefinitely. From the White House press release: “The Department of Commerce’s investigation found that the current […]

The DJIA saw a slide of over 200 points today, almost erasing its 2018 gains so far, as markets react to the abrupt resignation of Gary Cohn, the head of President Trump’s White House National Economic Council. Trump recently announced, without consulting congress, a 25% steel tariff and a 10% aluminum tariff which stunned both […]

Threat of a possible global trade war has dropped U.S. stocks for their longest skid since last year. President Donald Trump’s announcement of a 25% steel tariff and a 10% aluminum tariff has investors worried over the possibility of higher interest rates and inflation, hitting the industrials sector hardest. This, in turn, caused the market […]

RoboStreet – March 1, 2018 Market in the Grip of a Seesaw in Sentiment The major averages are caught up in a technical tug-o-war this past week, trying to regain bullish momentum only to have every rally attempt cut short of extending a one-day move. Ten trading days ago, the S&P 500 was at 2,715 […]