Rebel Yell Morning Market Report
Your Daily Financial Market Briefing - Giving You An Investing Edge Before Each Trading Day Begins
The Morning Market Report is dedicated to keeping you a few steps ahead of the market’s ups and downs, so you can improve your investing, and trading results. Every morning you will wake to up-to-date market data and economic analysis that will affect your investing decisions today. Your daily look ahead reports on what you should know and what is happening now in financial markets, U.S. and world economies, earning reports, sector trends, investment news, and much, much more. The Morning Market Report delivers financial investing information when you need it most, before the markets open!
Stocks are struggling this morning as Stimulus action is being discussed while President Trump has threatened to veto the Defense Bill.
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Stocks are on fire. Why? Who knows. Because they can and it is a the first day of a new month.
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Stocks are selling into month end, Can we get an afternoon rally?
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Stocks have recovered from overnight weakness. Typically, the Friday after Thanksgiving is a strong day of trading. Looks like the trend is in play again.
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Stocks are mixed after seeing the Dow hit 30,000 and the groundhog show his shadow, oops that would be President Trump as he held a presser that lasted one minute.
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President Trump finally conceded to allow President-Elect Biden to begin his transition into the White House.
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Stocks are higher today as for the third week in a row a drug company is out with positive vaccine news. The fix is in and President Trump must be crazy this was not announced before the election.
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We live in interesting times no doubt. Yesterday late afternoon the Treasury took away funds from the Federal Reserve. They fired back saying this was not prudent. Now the Treasury Secretary is on CNBC trying to defend himself.
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Stocks are mixed today as the lack of follow through from Monday remains an issue for stocks.
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Lots of positive news this morning yet futures are up modestly. We like this action as the day should evolve into strength.
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Stocks are mixed following yesterday's upside move. Federal Reserve Chairman Powell to speak at 1:00 p.m. EDT.
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Another week, another vaccine hits paydirt. Stocks are trending higher and NASDAQ stocks are not being crushed.
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Stocks are mixed as the day begins but the strength is found in the NASDAQ 100.
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The bond market is closed today and stocks are mixed. Not a surprise after last weeks move.
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Stocks are in buy the rumor and sell news mode, big time. Can stocks advance as more challenges arise despite a virus announcement.
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Pfizer is out with great news on their vaccine. Novavax (NVAX) adds more positive news as well on their vaccine. Today there is no looking back in the rearview mirror.
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The rally enters a fourth day as market like the election results so far. Trump however remains crazed like a cornered raccoon.
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Stocks are higher this morning post the election. Why? Good question.
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Stocks are trying to rally after last week's puke.
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Stocks are very volatile today. An up or down day of epic proportions would not surprise us.
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Markets are trying to recover from yesterday's beating. Will they?
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Markets are trying to recover from yesterday's beating. Will they?
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Futures on the Dow are down over -600. Can we get a turn around today after three days of selling.
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Stocks are trying to rebound from yesterday's selling. Will it hold? Meanwhile the president is traversing the country holding rallies and spreading Covid-19 killing his supporters.
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S&P 500 -39 Dow Jones Industrial Average -328 NASDAQ -119 Russell 2000 -17 . Fair values are higher. Asia mixed and Europe lower. Current VIX is at 27.32 from 28.65. 3 month VIX Future is at 28.99 from 29.61.
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We expect market to chop around between now and the election. A stimulus deal appears to be a nonstarter. It will be a post election act unless a miracle happens over the weekend.
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Today looks to be a back and forth day with no absolute direction predetermined. We call this a Belushi, WTF should I do. Good luck!!
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Stocks are mixed as the death or life of a stimulus bill is driving the action along with some notable earnings beats and misses.
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This is S day as in Stimulus. Either there is a deal or there is no deal.
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S&P 500 +10 Dow Jones Industrial Average +60 NASDAQ +57 Russell 2000 +10.89. Fair values are lower. Asia and Europe mixed. Current VIX is at 27.41 from 26.97. 3 month VIX Future is at 29.21 from 28.72.
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Stocks ripped on Monday then struggled Tuesday and Wednesday before gaining from the lows yesterday. Today is a strong start to trading. Cool weather is now flowing down from Canada so watch to see how natural gas trades.
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Days like today can be a challenge. Watch for a reversal of the lows. See Mnuchin's comments that may change the landscape.
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Stocks last night were higher, then sold off at 5:00 a.m. EDT , then recovered by the open, ran higher and now are pulling back. Next move?
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Stocks are resting after several really strong days. Hearings continue for the next Supreme Court Justice.
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Since hitting a low September 24th stocks are higher into earnings season which starts tomorrow.
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Stocks rebounded nicely yesterday and continue higher but is still below its September peak by 142 points. Earnings season kick off next week (see earnings section). Monday will be a quiet day as the bond market will be closed Columbus Day Observances.
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Despite erratic behavior by the president stocks are higher. Go figure.
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Stocks are rebounding this morning after the latest Trump's tirade.
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As we head into Tuesday trading stocks are mixed as fair values are higher across the board. Washington remains front and center as a stimulus bill continues to be worked on and the president recovers.
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Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $139.33 from $139.66 with yields at 0.755% from 0.66%.
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Futures are much lower this morning after the country learn that the President and First Lady have Covid-19.
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Stocks are higher on more hope that a stimulus deal is near at hand. We remain skeptical of such a deal.
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Stocks are all over the place in the last 24 hours. Up then down then up then down and now up. Almost as volatile as the president's temper.
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All eyes are on Cleveland, OH as we head into tonight's first Presidential Debate.
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Stock continue refuse to break major support levels like the 200 day moving average on the S&P 500 so we are bouncing today as a follow-on to Friday's rally.
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Just like Ryan Fitzgerald, every once in a while the market puts up a better day than expected. It will be a down day but we expect more positive action next week.
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Stocks are lower as questions about the continuation of our republic. The president announced yesterday that he may not go quietly into the night.
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Futures are adding to gains of Tuesday.
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Stocks are higher after selling off for the past four trading sessions. Will it last more than an hour?
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Stocks are lower this morning as the stakes for the election rose and now the future of the Supreme Court is in play. Also, Europe looks to restrictions but not a full lockdown.
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Stocks are trying to find some ground after yesterday's weakness. This is the third quadruple witch of the year and volatility can often accompany this date.
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Markets are struggling since yesterday's peak at 2:30 p.m. EDT. Clearly, the market is trying to interpet what the Fed was saying yesterday.
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The west coast may be on fire but so is the stock market up another +28 point on the S&P 500.
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Stocks have opened up strong as the market seems to have forgotten about last week's weakness. This will be a busy week with the FOMC announcement and press conference on Wednesday as well a a quadruple witching on Friday.
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Stocks are trading all over the place this morning. Lower, then higher then lower and barely up.
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Since the February low, the S&P 500 worst losing streaks have seen only three days of selling. That continues today as the S&P 500 has refused to move lower for a fourth day.
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Some of the high flyers in tech are struggling. More to go or a momentary pause?
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Stocks continue to move higher. No change in the that trend and Zoom (ZM) put up strong earnings.
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Both Apple (AAPL) and Tesla (TSLA) split their shares today. Will investor bid up the shares?
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Stocks are set to finish out the month with the best August since 1986. My first month of work a long time ago, lol.
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Stocks are higher but gold and bonds are lower as Federal Reserve Chairman Jerome Powell declares the Phillips Curve dead.
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Stocks are mixed in early trading with the Russell 2000 lower but the NASDAQ 100 is higher which is a firm trend that refuses to break.
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S&P 500 +14 Dow Jones Industrial Average +137 NASDAQ +3 Russell 2000 +11.43 Fair values are higher. Asia mixed and Europe higher. VIX November futures are at 25.75 from 25.10 this morning. Current VIX is at 22.37 from 22.47.
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Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $139.61 from $139.53 with yields at 0.636% from 0.644%.
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The 2:00 p.m. FOMC Meeting Minutes release caused a selloff that is continuing to move lower. Is a near term top in?
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The S&P 500 has recovered its entire loss from the February/March bear market. Pretty impressive run. Is this a double top? Will the failure to get a stimulus bill mark another top in the market?
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S&P 500 +10 Dow Jones Industrial Average +38 NASDAQ +70 Russell 2000 +5.72. Fair values are mixed. Asia mixed and Europe higher. VIX September futures are at 26.49 from 27.22 this morning. Current VIX is at 22.05 from 2.13.
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Apple (AAPL) is going after Fortnite game maker EPIC as they attempted to let people pay for accessories through their website.
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Stocks are digesting yesterday's gains. A new high on the S&P 500 for today?
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After the close, Democratic Presidential Candidate named Senator Kamila Harris as his VP choice. Stocks are higher this morning. Is it related to the pick of a more moderate?
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Stocks are higher as Russia claims they have a vaccine that works even though they skipped all the normal steps in bringing out a vaccine.
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Stocks are trading sideways into a new week of trading. Good luck!
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S&P 500 -5 Dow Jones Industrial Average -61 NASDAQ -19 Russell 2000 +3.58. Fair values are mostly lower. Asia lower and Europe higher. VIX is at 25.1 from 25.43 this morning.
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S&P 500 -7 Dow Jones Industrial Average -27 NASDAQ -13 Russell 2000 +2.86. Fair values are lower. Asia mixed and Europe lower. VIX is at 25.43 from 25.45 this morning. Gold continues to rage.
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S&P 500 +18 Dow Jones Industrial Average +202 NASDAQ +10 Russell 2000 +19.49. Fair values are lower. Asia mixed and Europe higher. VIX is at 25.45 this morning. The U.S. Dollar continues to struggle.
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Stocks are struggling today. The blame lays with the U.S. and China tensions rising.
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This is a busy week ahead as lots of earnings and economic data including the much awaited Jobs Friday.
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The F A A G in FANG reported yesterday and their earnings were strong especially given the drop in Q2 GDP. However, today stocks are struggling. Is winter coming?
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S&P 500 -27.50 Dow Jones Industrial Average -240 NASDAQ -96 Russell 2000 -16. Fair values are a bit lower. Asia lower and Europe lower. VIX is at 27.15 from 27.77 this morning.
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Stocks are recovering from yesterday's later afternoon selloff.
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This morning sees the Federal Reserve begin a two day meeting and Attorney General William Barr head to the hill to testify. Earnings continue at a break neck pace.
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Stocks are doing their typical Monday morning ramp up. Enjoy it as we head into the FOMC meeting tomorrow.
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S&P 500 -3 Dow Jones Industrial Average -29 NASDAQ -10 Russell 2000 +2.56. Fair values are higher except for the Russell 2000 that is -7.26. Asia mixed and Europe higher. VIX is at 23.96 from 25.19 yesterday morning.
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S&P 500 -3 Dow Jones Industrial Average -55 NASDAQ +32 Russell 2000 -5. Fair values are mixed. Asia mixed and Europe lower. VIX is at 28.13 from 25.36 yesterday morning.
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The mega cap stocks are up more than the small caps which are lagging as the value over growth trade has stalled today.
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Stocks are higher this morning but modestly after some weakness yesterday. next week will be a huge earnings week!
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Stock indexes are struggling today as we have had two up and two down days so far this week. Looks to be a mixed week.
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Stocks are ramping higher on positive news from Moderna (MRNA) on their vaccine progress.
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Markets are trying to find a level after yesterday's selling. Will it?
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The S&P 500 could be up for the 12th Monday in a row. A pretty impressive run.
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Stocks have bounced a bit on positive news from Gilead Sciences (GILD) and some results on Remdesivir. However, the U.S. and China are battling over sanctions.
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The market today is awaiting the ruling from the Supreme Court on the Trump tax case. Expect some fireworks either to the upside or downside.
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Warren Buffet gave away another $2.9 billion bringing his total give away to $37 billion. Pretty impressive generosity from the Oracle of Omaha!
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Stocks are lower this morning after the S&P 500 has just completed a 5 day win streak. Coronavirus news continues to be a drag on the market.
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Markets are stronger on decent economic numbers out of China. Clearly, the country is beginning to recover.
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Stocks are ripping on the Jobs Data. The fireworks are starting early.
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Stocks reversed from overnight losses to gains at the open on positive news from Pfizer.
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S&P 500 -4 Dow Jones Industrial Average -70 NASDAQ +2 Russell 2000 +3.9 VIX 32.80 +0.475 . Fair values are mixed. Asia higher and Europe higher ex the FTSE.
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Stocks are rebounding after Friday's selloff. Famine and now the feast. Even Einstein would have trouble figuring out this market!
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The week began with the S&P 500 at 3097.74 but fell to 3024.01 before closing yesterday at 3083.76. We are lower by 11 to 3072.
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Stocks are struggling this morning as the selloff hangover is in place.
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Last night Peter Navarro claimed "It's Over". This comment was in reference to the U.S. and China Trade Deal. Trump and Navarro walked this back after the S&P 500 and Dow fell between 1% and 2%. Stocks then found their happy place again.
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When futures opened on Sunday night, they were lower thanks to a healthy fair value that was much higher. Now they are near the high of the morning but still slightly negative.
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Stocks are living through the third largest quadruple witch in the history of the stock market.
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Since yesterday's close, stocks have traded all over the place as there have been lots of news stories from John Bolton to Weekly Jobless and Philly Fed Index. China also claims the Covid-19 outbreak in Beijing is contained.
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Stocks are mixed in early trading ahead of Powell's testimony. U.S. Trade Representative Robert Lighthizer will also give testimony today.
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The fix is in. After dropping -8% last week on an intraday peak to trough, stocks are rebounding from Monday's lows. Today is a gap up. Does it hold?
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If investors just watched the last four weeks, then know what the Achilles Heel of hedge funds are, shorting stocks.
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The futures are strong this morning after yesterday's pain.
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Markets are ugly as the Federal Reserve failed to quell markets and a possible second wave is hitting Texas and California along with 18 other states.
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Overnight the futures traded up +25 to down -10 on the S&P 500.
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Stocks are falling at the open this morning by about -1% on the S&P 500 and -1.5% on the Russell 2000.
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Stocks are continuing to ramp. Enjoy the ride while it lasts.
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Stocks are on fire today with the latest job's data. Could stocks go to new highs sooner than later? We will discuss over the weekend.
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Stocks are mixed in today's trading. The S&P 500 has rallied four days in a row and a rest was due.
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Stocks refuse to end and 3100 is now in play. Quite the run here.
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Stocks ignored another night of protests. Pretty amazing. The glass is clearly half full.
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Futures on the S&P 500 are lower by -7 points on the S&P 500 as America ponders the riots of the weekend.Stocks may struggle for June as this story evolves.
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Today is a tough day in America as Minneapolis burned and the president stoked the fires with his tweets.It may get tougher as the president will attack China today. Also, Fed Chairman Powell speaks.
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The S&P 500 refuses to rest in the last three days it has advanced to 3050 in the pre-market.
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Futures ramped higher overnight and now we have another gap open.
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Stocks are on fire this morning as investors are viewing the glass as 3/4 full. Is it? No but markets think it is and that is all that matters.
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Stocks are mixed today. Is 3000 in the cards for the S&P 500?
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Stocks are rebounding from a 2:00 p.m. to 4:00 p.m. selloff yesterday. Will it hold? Why are we rallying? We will find out the answers to these questions as the day progresses.
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Today Fed Chairman Powell and Treasury Secretary Mnuchin head to the hill to meet with the Senate and discuss their actions since the COVID-19 Crisis began.
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Stocks are up for a variety of catalysts including the Fed put, positive news from Moderna (MRNA) on their Phase One Trial and oil higher.
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President Trump is stopping shipments of chips to Huawei and China has threatened back. Not good.
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Stocks are struggling today as they continue to sell off since Tuesday afternoon.
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Stocks are trading all over the place since last night's down session that reversed in the morning before heading down as the Federal Reserve Chairman spoke at 9:00 a.m. EDT.
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Futures were lower last night and then recovered before the open. They are now lower after the open. Expect a wild day.
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Stocks are struggling today after turning lower early this morning. Will Fed support the market today?
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The Unemployment Rate spiked to 14.7% and jobs lost rose to 20.5 million. Despite this news, stocks are higher. The bear is angry and is he going into hibernation?
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Stocks are higher on news that Moderna (MRNA) has entered a Phase II Trial on its COVID-19 vaccine in record speed using mRNA technology.
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Stocks are now up for a third day in a row on the S&P 500.
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A late day rally has carried into this morning's action. Can the S&P 500 get back above 2900?
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The Friday selling continues this morning. We are now going to be lower for a third day in a row. Can the open by the low for the day?
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Stocks are weaker as the day begins. Can it recover? Time will tell.
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Stocks reversed gains from overnight and now are lower by -20 on the S&P 500. Jobless Claims came in higher than expected at 3.84 million and now are over 30 million in the last six weeks.
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This morning Gilead Sciences (GILD) released results from their NIAID tiral on Remdesivir. It was positive and futures are on fire.
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Stock started out strong but faded after the open. A near term top in place?
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Stocks are off to a positive start this week. Will it hold as we begin to start a negative seasonal pattern at the end of the week? Einstein could be perplexed by this question.
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The S&P 500 was lower by -50 points overnight. Now we are are up by 15 point. Quite the turnaround. Will it hold?
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Jobless Claims came in at 4.4 million filings. That was the consensus number and the futures have turned positive.
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Stocks have rebounded after two days of selling. Will it hold into the close?
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Stocks are on the ropes for a second day in a row. There is not a great deal of news today to get stocks higher ex a deal to fund the SBA PPP Program for more cash.
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Stocks are lower as the price of oil drops again to new lows. Storage is at full capacity in the oil patch. Not a good situation.
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Stocks are stronger on positive news from a trial of Remdesivir by Gilead Sciences and a plan to reopen the U.S.
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President Trump will lay out his plans to start up the economy in May later this afternoon. Could be another volatile session.
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Since the beginning of April, stocks have moved into a pattern of up, down, up, down days. That continues today.
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After yesterday's weakness, we are higher today. That is the status of the current market- back and forth.
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Stocks are lower today as we return from Easter break. Can we reverse the early weakness by the close?
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The Federal Reserve stepped up to the plate at 8:32 a.m. EDT and announced another $2.3 trillion and futures turned higher.
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Futures have been all over the place this morning and are now higher. Expect a wild day.
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S&P 500 +78 Dow Jones Industrial Average +780 NASDAQ +199 Russell 2000 +33. Fair values are higher. Asia and Europe higher.
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Stocks are up on hopes of a potential flattening of the curve globally are driving stocks higher.Will it hold for more than an hour? Meanwhile in London, U.K. Prime Minister Boris Johnson has taken a turn for the worse.
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The Monthly Jobs Report missed estimates of -150,000 with a report -701,000. Tough times ahead.
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The stock is volatile today as there are lots of wheels in motion. Mostly a day for professionals.
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At yesterday's Coronavirus Task Force Meeting the president gave projections of 100,000 to 240,000 deaths. That is the bad news and that is why stocks are lower today.
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Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $138.80 from $138.97 from yields at 0.692% from 0.652%.
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Stocks are higher today after Friday's selling. We are now in a rally one day then sell the next day. Even the pros are trying to figure this out.
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The rally of Tuesday through Thursday is now in the rear view mirror.
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Futures are all over the place after the Jobless Claims number came out at 3.283 million. It will be a wild day ahead.
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Today is a very volatile day. Be defensive and if trading stay near the desk.
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Futures are higher on the bet that a stimulus bill will get done today.
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Stocks have lower, higher, lower, higher and now lower today. Everyone is waiting on the stimulus vote that failed on Sunday.
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Today is options expiration and a volatile day. We will rest over the weekend and tackle markets again on Monday.
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The equity indexes are all over the place today. If trading, then be careful.Pay attention to events out of Washington.
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This morning the S&P 500 was limit down -5% and that was the low. This is very positive news. I will be writing on this later today.
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Futures are rebounding today after yesterday's bloodbath. Will it last?
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Forceful action is being taken to fight the war against coronavirus. As such, stocks are moving lower.
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Stocks are moving higher today. Finally!!! Looks like the Federal Reserve rescue is working this morning. It took a while just like my snowblower after a long summer.
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Stocks continue to fall due not to the coronavirus but really a crisis of leadership.
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The futures continue to "yoyo" day to day. Today is down for the S&P 500 by -101.
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Stocks are getting a dead cat bounce on President Trump saying he will propose to cut the payroll tax. Will it hold? Time will tell.
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Overnight the S&P 500 was limit down -5% and four minutes into the open stocks were down -7% which caused the S&P 500 and all stocks to stop trading for 15 minutes.
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Up, down, up, down and down hard! That sums up the week. Will there be a bounce into the close. Seems nice.
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Stock futures are sharply lower this morning as new cases of coronavirus continue.
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Stocks are bouncing on Joe Biden's comeback as the anxiety of a socialist in the White House drops. Politics are front and center today.
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Futures have been lower, higher, lower, higher and now lower.
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Futures early last night were lower, then higher, then lower and now higher. Expect lower again later in the day.
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Stocks almost hit the October low on the S&P 500 but it did not. Therefore, the risk remains high. Is the Fed about to throw money at this mess?
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The S&P 500 has tested the 61.80% retracement from the October low to the February. Will it hold?
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Yesterday's dead cat bounce failed and now we are in on the cat's second life.
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Today we are getting a bit of a dead cat bounce from yesterday's 3% drop on the S&P 500 and 1,000 points on the Dow.
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Markets are finally catching up to the reality of coronavirus. Today will tell us alot about the rest of the week. Watch for our comments.
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Stocks are up one day and down the next this week. Today they are down.
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Pre-market action this week has been mixed. Another sign of a potential top. Pay attention closely.
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Stocks are set to rebound this morning after weakness on Tuesday. Will the bounce hold? FOMC minutes are due out at 2:00 p.m. EDT from the last meeting in January.
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Stocks are starting the week on a negative note after Apple (AAPL) guided lower over the weekend.
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Futures have lost their gains and are flat as we go into a long weekend and traders lock in a nice week.
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Stocks are lower today as the number of coronavirus cases has jumped by 15,000 thanks to a reclassification of the benchmark for the virus.
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Nothing can stop this market. The run is simply amazing. Enjoy it while it lasts. The bull refuses to die.
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The next two days will see the Federal Reserve Chairman testifying before Congress.
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Last night when futures opened up they were down to 3305 on the S&P 500 and later in the night peaked at 3335, Now we are at 3321. Back to 3305 today?
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Jobs data came in strong. Despite this, stocks are lower for the first time this week.
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The S&P 500 opened higher and has reversed course. After three up days, can we have a down day? Definitely.
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The S&P 500 futures are higher by +31 this morning. The market is in risk on mode despite the fact that the risks continue to grow with coronavirus as deaths will pass 500 today.
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Futures are on fire this morning despite Coronvirus going over 20,000 cases. The bull refuses to die.
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Stocks have bottomed for now. The big question is will this be "the" bottom or "a" bottom? We will discuss this week.
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One of the best benefits of our Daily Briefing is getting access to the Advance/Decline Model. It moves to cash today. We will write about this later today.
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S&P 500 -8 Dow Jones Industrial Average -14 NASDAQ -3 Russell 2000 -11 at 9:45 a.m. EDT. Fair values are lower. Asia mostly lower and Europe mixed
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Futures are higher as we head into the Fed announcement at 2:00 p.m. EDT. More important could be a press conference from the World Health Organization (WHO) at 11:00 a.m. EDT.
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Futures are rebounding as fears of the Coronavirus seem to be slowing. The Federal Reserve begins a two day meeting and the rise of the Coronavirus seems to be on the rise.
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All of a sudden, the media pundits are concerned about Coronavirus after blowing this issue off. Ignore their snippy comments that were way off base.
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Despite the fact that China has locked down 40 million people, markets are ignoring the potential of what Coronavirus could evolve into.
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S&P 500 -8 Dow Jones Industrial Average -68 NASDAQ -4 Russell 2000 -2.36. Fair values are higher. Asia and Europe mixed to lower.
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Stocks have reversed yesterday's losses and heading higher.
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We start the third full week of January with futures lower this morning. All eyes will be on the World Economic Forum in Davos, Switzerland.
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As Yogi Berra would say, "It's deja vous all over again." Stocks higher again.
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The current losing streak is stuck at 1 day and goes back to December 10th. A pretty amazing run as earnings season begins.
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The stock market struggled yesterday. Today it is in better shape thanks to good feelings on a trade deal. Tomorrow?
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Earnings season kicked off this morning with 5 beats and 2 misses. Time to pay attention to results and guidance.
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Stocks are rebounding after stocks sold off on Friday. The market right now has a short memory. Will selling return this week?
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After a very quiet period the last two weeks, the news flow is picking up this week. It will continue to gain as earnings will begin in the next 10 days. Remember to read each day to stay on top of catalysts impacting the market.
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The saying, "What goes up must come down" seems to not apply to the stock market. At some point, it will.
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Gold flat, silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.22 from $129.36 with yields at 1.823% from 1.80% . Prices as of 8:30 a.m. EDT.
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Futures were higher earlier in the morning but have now turned down. Looks like we may not be done with the downside action yet.
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Rhetoric for President Trump over Iran led to futures being weak and now they are off the lows.
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Futures are lower but off the lows but still down about -1% on the S&P 500. Be careful here.
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Stocks have gotten off to a good start this morning on the first day of the new year.
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Welcome to the last day of trading. Futures were lower but have now rebounded and are positive. Looks like the bull and the Federal Reserve still want to let markets run in 2020.
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Stocks are lower this morning. Will the selloff last more than one hour?
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Can the NASDAQ Composite advance for am 11th day in a row? To Infinity and Beyond.
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Stocks are out of the gate and modestly higher. Another strong day ahead?
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Today is a shortened trading session as such we are not producing the full market matters. Just a quick summary of what is going on in the world.
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Futures are strong again as we head into Christmas on Wednesday and slower trading. It appears the only direction is up.
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The market loves impeachment and a weak China trade deal. Clearly, the market right now like a glass half full viewpoint.
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Stocks are flat a day after the impeachment. This morning we get the vote on USMCA that should be passed by the House.
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Today is impeachment Wednesday. Let's see how the day plays out. The bitterness of the Democrats and Republicans is sure to get worse.
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Stocks have moved higher for a fifth day in a row. Will it hold? Former Federal Reserve Chairman Alan Greenspan will be interviewed on CNBC at 10:00 a.m. EDT which is "must see tv".
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With the trade deal behind us for now, it looks like a meltup.
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Futures are flat as we wait to see whether President Trump is going to back up his threats of more tariffs?
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All eyes and ears are focused the latest announcement from the Federal Reserve due out at 2:00 p.m. EDT followed by a press conference at 2:00 p.m EDT.
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The House Democrats today are moving ahead with Articles of Impeachment yet the market is not in collapse mode as the USMCA Deal is going to get signed and there is progress on China.
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S&P 500 -2 Dow Jones Industrial Average -31 NASDAQ -8 Russell 2000 -1.34 Fair values are mixed. Asia and Europe higher.
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Futures are on fire today thanks to a very strong jobs number this morning. party on Garth. Enjoy the weekend!
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The S&P 500 is higher by +8 off its morning peak but still positive. Recent volatility continues.
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Dead cat bounce or a true bottom after a drop of -1.92%, hardly corrective action.
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President Trump is again using house money to pressure the Chinese. As such, stocks are getting hit hard.
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Stocks are higher but have come off the high overnight as President Trump hits Brazil and Argentina with restoration of tariffs.President Trump is on his way to Europe for a NATO Meeting.
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The stock market will close at 1:00 p.m. EDT. Time to go shopping to support the stock market.
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Markets are higher for the fourth day in a row.
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S&P 500 -1 Dow Jones Industrial Average -5 NASDAQ -2 Russell 2000 -1.4 Fair values are lower. Asia and Europe higher. Nonetheless, the bull continues to run on Wall Street.
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Another Merger Monday. We see bids announced for Ameritrade, Tiffany, The Medicine Company and SolGold. Just announced Ebay will sell Stubhub for $4.05 billion to Viagogo. Shareholders are being rewarded today. Later tonight Federal Reserve Chairman Powell speaks.
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Has the six week run run its course? Today's action should give us some hints. Pay attention to China news.
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S&P 500 -1 Dow Jones Industrial Average -6 NASDAQ -10 Russell 2000 +2 Fair values are flat to lower. Asia mixed and Europe mixed.
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If today is lower on the S&P 500, then it will be the third day this month that it finished lower. Will the lower open last more than one hour.
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S&P 500 futures are slightly higher today despite poor guidance from Home Depot (HD) and Kohls (KSS).
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Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.02 from $129.13 with yields at 1.86%.
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Futures are higher today as White House Economic Advisor noted last night that the U.S. and China are closer to a deal.
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We have one more day of testimony from Federal Reserve Chairman Powell. A snooze or some fireworks?
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Today is a trifecta in Washington D.C. Televised impeachment hearings begin to day. Second, Federal Reserve Chairman Powell begins two days of testimony. Third, President Trump visits with Turkish President Recep Erdogan.
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Futures are flat into a speech by President Trump at noon from the Economic Club of New York.
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Stocks are lower to start the day BUT more important today is spending some time reflecting on veteran's and all they have done for our country.
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Stocks are flat to down this morning as President Trump say he has not agreed to remove tariffs. Will decide that down the road.
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Early this morning the Chinese stated that along with the U.S. tariffs will be lowered. Futures have moved higher on this news. That said, there is no U.S. confirmation.
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Gold higher with silver lower and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $129.11 from $129.34 with yields at 1.835% from 1.82%.
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S&P 500 +5 Dow Jones Industrial Average +65 NASDAQ +20 Russell 2000 +8 Fair values are mixed. Asia higher and Europe mixed.
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S&P 500 +13 Dow Jones Industrial Average +112 NASDAQ +47 Russell 2000 +13.17. Fair values are mixed. Asia and Europe higher.
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Jobs came in at 128,000 crushing estimates of 85,000. It is interesting to note that Warren Buffet is struggling this year (see Rag & Mags).
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Futures are lower as Bloomberg wrote a story stating that there may be no long term deal possible with the Chinese. The ying and yang continues.
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Futures are flat to up slightly this morning as all eyes are focused on the Federal Reserve Open Market Committee (FOMC) announcement and guidance at 2:00 p.m. EDT.
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Today sees a giveback day from the last couple days of action.
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We will be back to full upgrades and downgrades tomorrow. However, we wanted to make note of the worst upgrade seen in quite some time. Deutsche Bank this morning upgrades Tiffany (TIF) to a buy after it is up $30 with a bid from LVMH. Are they using Friday's closing price?
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Futures are a bit lower of a weaker earnings report from Amazon that is causing some concern. It is lower by -6% but was down by -9% overnight.
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Futures are higher as for the most part companies are beating estimates handily. So much for a recession.
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S&P 500 -4 Dow Jones Industrial Average -23 NASDAQ -28 Russell 2000 +0.13 Fair values are lower. Asia and Europe mixed.
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S&P 500 +4 Dow Jones Industrial Average -7 NASDAQ +27 Russell 2000 +3 Fair values are lower. Asia higher and Europe mixed.
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S&P 500 +12 Dow Jones Industrial Average +69 NASDAQ +31 Russell 2000 +15 Fair values are lower. Asia mixed and Europe higher. This week is all about earnings.
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Futures look to finish out the week in positive shape. We are back to seasonal strength for the rest of the year despite the chaos in Washington D.C.
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S&P 500 +7.91 Dow Jones Industrial Average +31 NASDAQ +38 Russell 2000 +4 Fair values are lower. Asia mixed and Europe higher.
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Hedge fund manager Leon Cooperman calls for a 25% drop if Elizabeth Warren becomes President of the United States.
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Pay attention to how stocks react to news rather than the news. Despite China pulling back on ag purchases agreed to last Friday, stocks are higher.
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The Chinese press came out and declared another meeting needs to be held before Phase I is complete in the current U.S. and China deal.
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Stocks are higher this morning as the market is embracing the idea of a "skinny deal".
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The only thing that matters today how U.S. and China Negotiations are going. Expect a volatile day ahead. Which President Trump will appear? A lucid or crazed one?
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Futures are regaining the losses of yesterday. Will it hold?
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President Trump cannot help himself as he sticks to his traditional game plan of beating up the Chinese before talks. The Chinese are not humored by this latest action and neither are markets.
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S&P 500 -9 Dow Jones Industrial Average -67 NASDAQ -25 Russell 2000 -5 Fair values are higher. Asia mixed and Europe higher.
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Futures are now higher after early weakness. The turnaround was on a positive viewpoint of the latest job's report. Is the bull back?
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Three days of selling and we are now oversold. How long to a tradeable low?
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The market is struggling after getting some weaker economic data yesterday. Look for a flash alert today on the oversold condition.
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S&P 500 +6.50 Dow Jones Industrial Average +58 NASDAQ +23 Russell 2000 +4.30. Fair values are mixed.
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Futures are positive this morning as we enter October and fall trading this week.
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S&P 500 +8 Dow Jones Industrial Average +64 NASDAQ +6 Russell 2000 +8. Fair values are mixed. Asia mixed and Europe higher.
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S&P 500 +2 Dow Jones Industrial Average +35 NASDAQ -3 Russell 2000 +1. Fair values are mixed. Asia mixed and Europe higher. How will market react?
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Today begins the battle between the president and Congress. Watch for volatile trading off various releases.
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S&P 500 +11 Dow Jones Industrial Average +93 NASDAQ +33 Russell 2000 +5.10. Fair values are lower adding to gains. House Deomcrats meet on impeachment.
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This morning German Factory Orders were the weakest in the last 10 years. U.S. futures have deteriorated since overnight.
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Futures are higher after giving up their gains yesterday. Let's see if the early gains can hold.
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Stocks have moved higher since 2:30 p.m. EDT and this morning. The next FOMC meeting is at the end of October so stocks have almost a month of no anxiety about rate cuts and earnings will become front and center.
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Federal Reserve Chairman Powell will have his hands full today as a cut may not be enough.He will have to answer about repo operations from the New York Fed.
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Futures are down modestly this morning. This would be the third down day in a row which sets up for a mid week bounce. The Federal Reserve begins a two day meeting.
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Today is a quite day so far as investors head off into the week. Fall is approaching and it seems there is more upside ahead.
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S&P 500 +8 Dow Jones Industrial Average +39 NASDAQ +65 Russell 2000 +1. Fair values are higher except for the Russell 2000.
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Futures are mixed to higher this morning as we enter mid week trading.
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S&P 500 -4.53 Dow Jones Industrial Average -15.51 NASDAQ -25.9 Russell 2000 +0.175. Fair values are higher except for the Russell 2000.
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Futures are in good shape this morning as we begin the second week of trading in September.
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Futures are higher after a modest jobs number. Federal Reserve Chairman Jerome Powell speaks at 12:30 today.
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U.S. futures: S&P +27 Dow Jones +255 NDX +90 and Russell 2000 +18 with fair values mixed to flat. Asia and Europe higher.
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Futures turned around overnight as Hong Kong killed the extradition bill.
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U.S. New Tariffs against China went into effect on Sunday morning.
China only put in place 1/3 of the potential tariffs they could have against the U.S.China has appealed to the World Trade Organization over the latest tariffs from the U.S.
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U.S. futures: S&P +29 Dow Jones +285 NDX +96 and Russell 2000 +1449 with fair values lower adding to gains on the open. Asia mixed and Europe higher.
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Do you follow our advance/decline model? We update each day.The advance/decline line moved to cash on the close of 8/5. Updated through 8/27/19 close. Year to date model up 7.48% on the S&P 500. 3 buy signals and 3 cash signals in 2019.
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This morning is a quiet one as the Chief Twitter has been quiet and China is not countering. Enjoy the respite as it surely will not last.
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Markets have been all over the place due to the G-7, trade comments and presidential tweeting.
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In front of Jackson Hole, the Chinese raised tariffs on U.S. Goods going into China. Let's see how Federal Reserve Chairman Powell reacts.
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All investors will be focused on Jackson Hole, Wyoming the next two days. Federal Reserve and foreign central bankers gather here late August every year. Personally, I have loved the Tetons since I was a little boy and lived in Idaho.
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S&P +16 Dow Jones +130 NDX +52 and Russell 2000 +9.04 with fair values higher cutting into gains on the open. Asia mixed and Europe higher.
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S&P +2.4 Dow Jones +17 NDX +7.5 and Russell 2000 +2 with fair values mixed with minimal impact on the open. Asia and Europe mixed.
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Commerce Department Secretary Wilbur Ross interviewed on Fox Business notes that adds 46 more Huawei subsidiaries to entity list that cannot import to the U.S., U.S. deadline extended by 90 days to 11/19/19.
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S&P +26 Dow Jones +234 NDX +84 and Russell 2000 +13.10 with fair values mixed with minimal impact on the open. Asia mixed and Europe higher.
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Futures were up big, then down big, then up, then up big, then up, then down and now flat.
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S&P -36 Dow Jones -329, NDX -106 and Russell 2000 -20.43 with fair values higher hurting the open. Asia higher and Europe lower.
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The stock market reversed on trade news this morning. Just when you think the world is ending it does not.
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U.S. markets are lower. Asia mixed and Europe mostly lower. The fighting between the U.S. and China continues.
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S&P +7, Dow Jones +69, NDX +33 and Russell 2000 +4 with fair values higher. Asia and Europe higher.
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This morning futures were fine until the 10 Year Treasury Bond started to drop from 1.71% to a low of 1.61%. That in turn caused S&P 500 futures to free fall. A retest of Monday is now in play.
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Futures were down 50 points on the S&P 500 and have rallied to a positive open. Expect another wild day of trading but the upside may be greater than traders are prepared for right now.
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The Chinese fired back against U.S. Tariff action with some currency intervention driving the Yuan lower against the U.S. Dollar.
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U.S. futures: S&P -10, Dow Jones -40, NDX -50 and Russell 2000 -9.16 with fair values higher. Asia and Europe sharply lower,
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S&P +2, Dow Jones +49, NDX +13 and Russell 2000 +3.40 with fair values lower.
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S&P +4, Dow Jones +69, NDX +32 and Russell 2000 +2.40 with fair values mixed. Asia mixed and Europe lower. FOMC at 2:00 today.
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Expect stock to go into a narrow range until Wednesday with the Federal Reserve comes down from Olympus to announce its latest decision.
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We start off the week with several acquisitions and alliances. The most notable is Pfizer and Mylan. Read on to find out about the others.
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U.S. futures: S&P +9, Dow Jones +61, NDX +62 and Russell 2000 +1.55 with fair values mixed. Asia mixed and Europe higher.
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S&P +5, Dow Jones +94, NDX +4 and Russell 2000 +5.68 with fair values mixed.
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The world will be watching the testimony of Special Counsel Robert Mueller. It probably will not impact stocks much UNLESS a bombshell is dropped.
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U.S. futures: S&P +13, Dow Jones +124, NDX +42 and Russell 2000 +6.82 with fair values lower across the board Asia and Europe higher, click through for details by country.
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Futures are positive this morning as stocks try to recover from last week's losses.
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A sideways week looks to end on a positive note. Futures have risen to +8 from flat at 8:15 a.m. EDT. The bull is alive and well today.
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The S&P 500 is trying to figure out whether 3000 is going to become support or resistance. Those in the Hamptons want to know if they can take the summer off.
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Stocks are struggling in early action as earnings and geopolitical weighing on markets.
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Lots of geopolitical issues as the biggest tech players head to the Hill for a variety of testimony.
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This morning saw Citigroup (C) kick off earnings with a beat of $0.15. Tomorrow sees J.P. Morgan (JPM), Goldman Sachs (GS) and Wells Fargo (WFC) report earnings.
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IEA sticks to lower global oil demand this morning as globally the economy is still struggling. The latest data point was weak Chinese export data overnight. Earnings season begins next week.
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The S&P 500 is off to another positive start just like yesterday. Meanwhile, the Russell 2000 continues to struggle. Look for an article later today on this subject.
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Futures are now higher by +10 from -9 on the S&P 500 on the release of Powell's comments.
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Futures are struggling despite multiple deals this morning. Of note, Cisco is buying Acacia Communications.
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This week is all about the Federal Reserve and the semiannual Humphrey Hawkins testimony of Federal Reserve Chairman Powell.
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Job's data came in stronger than expected with 224,000 jobs. This takes down the chance for a rate cut in July.
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Gold higher with silver lower with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher.
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Today is a strong start to Q3 thanks to developments over the weekend with respect to China and the U.S. over trade.
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The Democratic Party concluded two days of nightly debates with front runners Former VP Joe Biden and Senator Bernie Sanders. The media crowned Senator Kamalia Harris (D- CA) the winner.
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Stocks are in rebound mode today thanks to Treasury Secretary Mnuchin talking up a trade deal. 90% chance.
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Several deals led by Caesar's and six other deals.
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Stocks are taking a breather today as traders head to the beach after a week of strong gains.
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Recent IPO Beyond Meat (BYND) now has a market cap above 80 names in the S&P 500. These are the things that make tops.
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The Federal Reserve Open Market Committee (FOMC) is out with its latest announcement at 2:00 p.m. EDT and then press conference with Federal Reserve Chairman Jerome Powell at 2:30 p.m. EDT.
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U.S. futures: S&P +17, Dow Jones +143, NDX +80 and Russell 2000 +9.70 with fair values LOWER ADDING TO GAINS EX RUSSELL 2000 WHICH IS HIGHER. Asia land Europe higher.
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U.S. futures: S&P +2, Dow Jones +15, NDX +12 and Russell 2000 +1.30 with fair values LOWER ADDING TO GAINS. Asia lower ex Hong Kong and Europe mixed.
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U.S. futures: S&P -9, Dow Jones -51 NDX -61 and Russell 2000 -3.40 with fair values MIXED. Asia mixed and Europe lower.
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U.S. futures: S&P +7, Dow Jones +74 NDX +53 and Russell 2000 +7.30 with fair values MIXED. Asia and Europe mixed.
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Futures are lower this morning and protests in Hong Kong are gaining intensity. Will this flow over to markets?
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The market is into its Groundhog Day pattern. This could be the sixth up day in a row. Also, we have some hot IPOs this week that should keep the animal spirits going.
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U.S. futures: S&P +13.50, Dow Jones +131 NDX +45 and Russell 2000 +6 with fair values MIXED. Asia and Europe higher. Several companies are seeing shares rocket on bids for the company.
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Futures on the S&P 500 rose into the Job’s number at 8:30 a.m. EDT but have given up some of those gains.
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U.S. futures: S&P +7.50, Dow Jones +70 NDX +22.25 and Russell 2000 +4.6 with fair values LOWER ADDING TO GAINS. Asia mixed and Europe higher.
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Futures we up +15 and are now up +8 after the ADP Payroll came in at 27,000
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U.S. futures: S&P +14.50, Dow Jones +136 NDX +43 and Russell 2000 +11.60 with fair values LOWER ADDING TO GAINS. Asia mixed and Europe mixed. Can it hold?
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Futures are positive this morning. Dead Cat bounce?
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U.S. futures: S&P -17.50, Dow Jones -174 NDX -61 and Russell 2000 -10.60 with fair values LOWER LESSENING THE PAIN. Asia mostly lower and Europe lower.
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President Trump hit China hard on Sunday stating there was no agreement with China for now. Luckily, markets forgot about this by today.
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U.S. futures: S&P +15.75, Dow Jones +139 NDX +31.50 and Russell 2000 +8.90 with fair values HIGHER CUTTING INTO GAINS. Asia mixed and Europe higher.
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U.S. futures: S&P -25, Dow Jones -219 NDX -89 and Russell 2000 -15.20 with fair values FLAT. Asia and Europe lower, click through for details by country.
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U.S. futures: S&P -13, Dow Jones -122 NDX -44 and Russell 2000 -6.80 with fair values LOWER EX RUSSELL 2000 HELPING LOSSES.Asia and Europe mixed.
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Futures on the S&P 500 are stronger this morning.
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Futures on the S&P 500 rose until 8:00 p.m. EDT then trading slightly down into 4 a.m. EDT before collapsing.
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U.S. futures: S&P -19.75, Dow Jones -177 NDX -65 and Russell 2000 -11.30 with fair values LOWER LESSENING THE PAIN SOMEWHAT. Asia mixed and Europe lower.
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Futures on the S&P 500 flat lines until 2:00 a.m EDT and have been rising since to the morning high at 7:00 a.m EDT.
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U.S. futures: S&P -13.25, Dow Jones -114 NDX -42 and Russell 2000 -8.30 with fair values LOWER LESSENING LOSSES. Asia mixed and Europe lower.
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The advance/decline line had its worst day of the year on Monday. So far futures are rebounding. Will it hold? There is a ton of key news that will influence trading.
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Futures are lower as China retaliated with tariffs of 25% on over 2,000 goods that will take affect June 1st.
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Futures on the S&P 500 rose until 8:00 p.m. then fell 1:00 a.m. EDT before regaining a bit but still lower as we head towards the open.
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Futures are struggling this week as each morning has started off weak. Deja vous all over again as Yogi Berra would say.
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At 8:00 a.m. EDT futures on the S&P 500 were lower by -18 and now they are down by -6 off comments from President Trump.
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U.S. futures: S&P -18, Dow Jones -151, NDX -55 and Russell 2000 -10 with fair values HIGHER ADDING TO LOSSES. Asia and Europe mixed.
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U.S. futures: S&P -43.75, Dow Jones -454, NDX -144.75 and Russell 2000 -22.10 with fair values LOWER CUTTING LOSSES. Asia and Europe very weak.
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April Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to rise to 200,000 from 196,000. The unemployment rate is expected to stay at 3.8%.
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Futures on the S&P 500 moved lower until 6:00 9.m. and have rallied by 15 points to +8 by 7:00 a.m. before turning down again.
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Interesting Fact Of the Day: S&P 500 is off to its best start in 32 years and up 18% in its first four months, best monthly streak since December 2010.
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Futures are mixed with the Dow up, S&P 500 mixed and NASDAQ 100 lower.
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U.S. futures: S&P -2, Dow Jones -21, NDX -5.5 and Russell 2000 -0.10 with fair values HIGHER ADDING TO LOSSES.
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Wow! Q1 GDP came in at 3.2% versus estimates of 1.9%. Giddy up!!
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Former Vice President Joe Biden enters the presidential race with a lead of 8% over President Trump.
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Futures on the S&P 500 moved lower until 7:00 a.m. EDT but have been moving up since.
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Futures on the S&P 500 moved lower until 7:00 a.m. EDT but have been moving up since.
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Futures on the S&P 500 have been moving lower since last night’s open after the long weekend.
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Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as existing home sales, new home sales, durable good and Q1 GDP.
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Futures on the S&P 500 have been moving higher since Tuesday’s close. There was a nice pop on China data around 10:00 p.m. EDT.
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Futures on the S&P 500 have been moving higher since Tuesday’s close. There was a nice pop on China data around 10:00 p.m. EDT.
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Stocks are higher this morning and have cleared 2900. We would not think about locking in gains until a break of 2900 happens.
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U.S. futures: S&P -0.75, Dow Jones +10, NDX -4.75 and Russell 2000 +1.10 with fair values LOWER. Asia mixed and Europe higher. President Trump goes into attack mode on the Federal Reserve again.
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Stocks are on fire as everything is working today. Let the good times roll as markets are minting money.
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What’s Happening This Morning: Futures on the S&P 500 fell until 4:00 a.m. EDT and have been rising since with a range of 10 points. Couple IPOs up today as well.
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There are multiple hearings today that will drive the attention of the media including Bank CEOs, Attorney General William Barr and several of the biggest social media companies.
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U.S. futures: S&P -6.75, Dow Jones -60, NDX -18.75 and Russell 2000 -3.90 with fair values HIGHER ADDING TO LOSSES. Asia mixed and Europe mixed.
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What’s Happening This Morning: Futures on the S&P 500 fell until 2:00 a.m. EDT and have been rising but still negative. That said , the range is rather narrow, 10 points.
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Futures on the S&P 500 dropped slightly until 8:00 p.m. EDT and have been rising. That said , the range is rather narrow, 6 points. All this may and will change at 8:30 a.m. EDT when we get the new jobs data.
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President Trump meets with the White House Opportunity and Revitalization Council at 11:30 a.m. EDT and then with the Chinese Vice Premier Liu at 4:30 p.m. EDT.
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Futures on the S&P 500 have been rising since 8:00 p.m. EDT.
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Futures on the S&P rose until 8 p.m. EDT then fell until 4:00 a.m. EDT and have been rising since to +3.
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U.S. futures: S&P +19, Dow Jones +174, NDX +69 and Russell 2000 +8.80 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS.
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We move on to the next quarter after a very strong quarter for the major equity indexes.
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U.S. futures: S&P +1, Dow Jones +12, NDX +10 and Russell 2000 -0.40 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS.
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Risk on day after recent struggles is a welcome relief to investors. Will it last?
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Futures are off the morning lows. Can they hold remains the $64,000 question.
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U.S. futures: S&P -17, Dow Jones -175.00, NDX -39 and Russell 2000 -12.40 with fair values LOWER LESSENING THE PAIN. Asia mixed and Europe lower, click through for details by country.
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Futures are lower this morning as President Trump tries to play a game of chicken with the Chinese over trade.
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The Federal Reserve Open Market Committee (FOMC) concludes a two day meeting with a rate announcement at 2:00 p.m. EDT and press conference at 2:30 p.m. EDT.
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Futures are higher today and the Federal Reserve begins a two day meeting. Chairman Powell will hold a press conference after the announcement.
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IPOs on deck This Week: Lyft and Levi Strauss will go public this week at $62 to $68 and $14 to $16. Other IPOS this week 8i Enterprises, Alight Inc, Insurance Acquisition and Up Fintech Holdings.
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China closes National People’s Congress. Tech earnings after the close. Bank of Japan dovish. U.K. votes to send May back to Brussels.
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Today is National Pi Day. It is also Albert Einstein’s birthday and he did not invent Pi. The Babylonians got Pi to 3.125, close, but Archimedes is credited with the first 3.14 figure.
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Futures on the S&P 500 fell to 2788 by 10:45 p.m. EDT and have rallied above 2800.
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Today we will get another Brexit vote in the U.K. Parliament between 2:00 and 4:00 in the U.S. Impact on stock thus far has been neutral. Will this continue?
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U.S. futures: S&P +2.50, Dow Jones -188, NDX +16 and Russell 2000 -0.80 with fair values LOWER ADDING TO GAINS. Asia and Europe higher to mixed.
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The S&P 500 is now lower 7 of the last 8 trading days. Today could make it 8 of 9.
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The S&P 500 has been lower 6 of the last 7 trading days YET it is only lower by 21.52 S&P points less than -1% drop. (from 2793.30 to 2771.78)
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President Trump wants a trade deal with China to keep the stock market rally alive. Futures are struggling today as we get set for hump day.
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Futures trade flat overnight then rallied from 3:00 a.m. to 4:00 a.m. before coming back to flat for the day.
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U.S. futures: S&P +8.50, Dow Jones +85, NDX +36 and Russell 2000 +2.90 with fair values LOWER ADDING TO GAINS. Asia and Europe higher.
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After a couple days of sideways action stocks are on fire. Since 6 p.m. EST, stocks have been climbing in an orderly way. Looks like it is off to the races again.
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The U.S. walked away from a deal with North Korea. Down the road, this will allow the U.S. to cut a better deal. This should be viewed as a plus.
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Today there is Federal Reserve testimony, Michael Cohen testimony and a U.S. & North Korea mmeting. The market reaction to these events will be key.
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U.S. futures: S&P -4.75, Dow Jones -86, NDX -23 and Russell 2000 -1.70 with fair values LOWER LESSENING THE PAIN. Asia and Europe lower.
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President Trump extends trade talks and no tariff increases on Friday. As a result, futures are strong and China ripping as well.
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U.S. futures: S&P +11, Dow Jones +114, NDX +36.75 and Russell 2000 +4.60 with fair values HIGHER CUTTING INTO OPEN Asia mixed and Europe higher (for country change click through)
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U.S. futures: S&P -3.75, Dow Jones -25, NDX -3.75 and Russell 2000 -1.00 with fair values LOWER ADDING TO OPEN Asia higher and Europe mixed (for country change click through)
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U.S. futures: S&P -2, Dow Jones -12, NDX +10 and Russell 2000 -2.60 with fair values HIGHER ADDING TO LOSSES. Asia higher and Europe mixed.
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China Mid Level Trade Talks continue in Washington D.C. this week.
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U.S. futures: S&P +8, Dow Jones +75, NDX +22and Russell 2000 +3.60 with fair values HIGHER CUTTING INTO GAINS. Asia lower and Europe higher (for country change click through)
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IPOs on deck This Week: Five on deck for this week including Avedro, Cibus Global, Stealth BioTherapeutics, TCR2 Therapeutics and Virgin Trains USA LLC. Three start trading today.
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U.S. futures: S&P +9.25, Dow Jones +106, NDX +37 and Russell 2000 +5.90 with fair values MIXED. Asia and Europe modestly higher.
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There is a deal on the table to avoid shutdown. Will President Trump accept $1.375 billion for the wall?
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U.S. futures: S&P +10.75, Dow Jones +104, NDX +38.50 and Russell 2000 +5.40 with fair values HIGHER WEAKENING THE OPEN. Asia and Europe higher.
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U.S. futures: S&P -12, Dow Jones -98, NDX -48 and Russell 2000 -5.60 with fair values HIGHER WEAKENING THE OPEN. Asia mixed and Europe lower.
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Suntrust (STI) and BB&T Corp (BB&T) are merging in a merger of equals. This will be the sixth largest bank in the United States.
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U.S. futures: S&P +0.25, Dow Jones +15, NDX +1125 and Russell 2000 +1.10 with fair values HIGHER WEAKENING THE OPEN. Asia mostly higher with Shanghai closed and Europe mixed.
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U.S. futures are positive despite the State of the Disunion Address: S&P +6, Dow Jones +96, NDX +23.75 and Russell 2000 +3.40 with fair values HIGHER LESSENING GAINS. Asia mixed with Shanghai closed and Europe higher.
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U.S. futures: S&P +2, Dow Jones +18, NDX +5 and Russell 2000 +0.60 with fair values MIXED. Asia and Europe mixed.
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U.S. futures: S&P -5.75, Dow Jones -15, NDX -46.25 and Russell 2000 -1.60 with fair values LOWER HELPING THE OPEN. Asia and Europe mixed.
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Stocks had a big day as the Federal Reserve put rate hikes on hold for it appears the next six months.Can stocks continue to move up from here?
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U.S. futures: S&P +9.75, Dow Jones +199, NDX +51.75 and Russell 2000 +3.70 with fair values LOWER ADDING TO GAIN. Asia mixed and Europe mixed.
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U.S. futures: S&P +1.75, Dow Jones +45, NDX +10 and Russell 2000 -0.20 with fair values HIGHER INCREASING LOSSES. Asia mixed and Europe higher.
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U.S. futures: S&P -14, Dow Jones -169, NDX -40 and Russell 2000 -7.70 with fair values SHARPLY HIGHER INCREASING LOSSES. Asia and Europe lower as well.
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U.S. futures: S&P +20, Dow Jones +178, NDX +65 and Russell 2000 +10 with fair values SHARPLY HIGHER LESSENING GAINS. Asia and Europe higher.
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U.S. futures: S&P -1, Dow Jones -27, NDX +20 and Russell 2000 +0 with fair values MIXED TO HIGHER LESSENING GAINS. Asia and Europe higher. Futures reverse on Wilbur Ross comments.
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U.S. futures: S&P +11.50, Dow Jones +172, NDX +29 and Russell 2000 +4.90 with fair values MIXED. Asia and Europe mixed.
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U.S. futures: S&P -16, Dow Jones -145, NDX -48 and Russell 2000 -8.50 with fair values LOWER HELPING LOSSES. Asia and Europe lower.
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U.S. futures: S&P +11.75, Dow Jones +161, NDX +31 and Russell 2000 +6.50 with fair values HIGHER CUTTING INTO GAINS. Asia higher. Europe higher.
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U.S. futures: S&P -9.75, Dow Jones -90, NDX -17.50 and Russell 2000 -5.90 with fair values HIGHER ADDING TO LOSSES. Asia lower. Europe lower.
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U.S. futures: S&P +6.75, Dow Jones +94, NDX +11 and Russell 2000 +3.50 with fair values HIGHER CUTTING INTO GAINS. Asia mostly higher. Europe modestly higher this morning.
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U.S. futures: S&P +1.50, Dow Jones -26, NDX +23 and Russell 2000 +2.50 with fair values HIGHER CUTTING INTO GAINS. Asia mostly higher. Europe modestly higher this morning.
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U.S. futures: S&P -21.75, Dow Jones -197, NDX -68.75 and Russell 2000 –9.70 with fair values HIGHER ADDING TO LOSSES. Asia mostly lower ex the Nikkei which was higher. Europe mostly lower this morning.
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U.S. futures: S&P -7.25, Dow Jones -55, NDX -25.75 and Russell 2000 –6.20 with fair values HIGHER ADDING TO LOSSES. Asia mostly higher. Europe mostly lower this morning.
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All eyes and ears will be paying attention to Federal Reserve Chairman Jerome Powell who will be interviewed by Carlyle Chairman and Bloomberg Reporter David Rubenstein.
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The market suddenly no longer cares about the discord in Washington D.C. It will if the government shutdown cannot end.
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Futures are having another gap open. Can it hold as markets turn to focusing on President Trump's prime time speech on the government shutdown and the wall.
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U.S. futures: S&P +1.50, Dow Jones +45, NDX -1.50 and Russell 2000 -1 with fair values SLIGHTLY HIGHER CUTTING INTO GAINS. Asia higher and Europe weak this morning.
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Monthly Nonfarm Payrolls came out at 8:30 a.m EDT and were expected to rise to 180,000 from 155,00. The number was 312,000 which is hot!
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U.S. futures: S&P – 27, Dow Jones -270 NDX -113 and Russell 2000 -12.00 with fair values HIGHER ADDING TO LOSSES. Asia lower with the Nikkei closed and Europe lower this morning.
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U.S. futures: S&P – 42, Dow Jones -386 NDX -142 and Russell 2000 -18.20 with fair values HIGHER ADDING TO LOSSES. Asia lower with the Nikkei closed and Europe lower this morning. Closed Nikkei.
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U.S. futures: S&P +24, Dow Jones +254 NDX +72 and Russell 2000 +11 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher this morning. Closed Nikkei, Shanghai, Kospi, Germany.
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U.S. futures: S&P +10, Dow Jones +111 NDX +18 and Russell 2000 +6 with fair values LOWER ADDING TO GAINS. Asia mixed with the Nikkei lower and Europe higher this morning.
Gold flat with silver and copper higher. WTI Crude and Brent Oil Futures higher.
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Stocks are pulling back this morning losing a quick 30% of yesterday's gains. We need to see more to become more bullish. What are they? We will post shortly on that.
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Stocks are set to rebound this morning from what will forever be labeled the Santa Claus Massacre initiated by one marginal president.
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U.S. futures: S&P -12, Dow Jones -129, NDX -25 and Russell 2000 -7 with fair values HIGHER ADDING TO LOSSES. Asia and Europe lower with the Nikkei closed as well as the DAX for Christmas.
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U.S. futures: S&P -2, Dow Jones -11, NDX -13 and Russell 2000 -1 with fair values LOWER LESSENING THE PAIN AND WITH FAIR VALUE NOW POSITIVE OPEN. Asia and Europe lower as they follow U.S. weakness on Thursday.
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Futures have been all over the place since last night. There is lots of news moving stocks all over the place besides the Federal Reserve action yesterday afternoon.
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Today all eyes on Wall Street will be focused on the 2:00 p.m. EDT announcement from the Federal Reserve and press conference with Chairman Jerome Powell.
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U.S. futures: S&P +17, Dow Jones +152, NDX +52 and Russell 2000 +8.50 with fair values LOWER HELPING GAINS. Asia higher and Europe mixed to higher.
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U.S. futures: S&P -5.75, Dow Jones -84, NDX -13.25 and Russell 2000 -2.50 with fair values LOWER LIMITING LOSSES. Asia higher and Europe lower.
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U.S. futures: S&P -22, Dow Jones -169 NDX -66 and Russell 2000 -11 . Asia and Europe lower.
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The ECB announced this morning that they are ending stimulus. What are the economic risks for this action?
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Futures are strong this morning. Will it hold? Will Trump go off the rails again?
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U.S. futures: S&P +17, Dow Jones +182, NDX +60 and Russell 2000 +8 with fair values LOWER ADDING TO GAINS. Asia lower to mixed and Europe higher. At 7:12 a.m. EDT.
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U.S. futures: S&P -11, Dow Jones -112, NDX -33 and Russell 2000 -5 with fair values HIGHER EXTENDING LOSSES. Asia mixed and Europe higher.
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U.S. futures: S&P -36, Dow Jones -366, NDX -113 and Russell 2000 -16 with fair values LOWER HELPING LOSSSES. Asia and Europe lower. 8:35 a.m. EDT
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U.S. futures: S&P -11, Dow Jones -120, NDX -39 and Russell 2000 -4 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe lower.
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U.S. futures: S&P +39.50, Dow Jones +438, NDX +154.50 and Russell 2000 +17.30 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher.
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U.S. futures: S&P -11.50, Dow Jones -129, NDX -28.50 and Russell 2000 -7.50 with fair values LOWER CUTTING INTO LOSSES. Asia and Europe lower. All eyes on G-20 this weekend.
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President Trump takes off today to attend the G-20 meeting. The big event is a Saturday night dinner with President Xi of China. Can we move beyond trade in 2019?
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U.S. futures: S&P +11 Dow Jones +121 NDX +35 and Russell 2000 +7 with fair values LOWER. Asia and Europe higher.
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Yesterday companies came to the well and announced they were selling share. Of note was Canadian Goose (GOOS). Expect lots of secondaries over the next few weeks.
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U.S. futures: S&P +31.50, Dow Jones +266, NDX +104.50 and Russell 2000 +16 with fair values HIGHER CUTTING INTO GAINS. Asia and Europe higher.
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U.S. futures: S&P -12, Dow Jones -114, NDX -34 and Russell 2000 -10 with fair values HIGHER EXTENDING LOSSES. Asia lower ex Japan which was closed and Europe higher.
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U.S. futures: S&P -24, Dow Jones -203, NDX -113 and Russell 2000 -13 with fair values LOWER LESSENING THE PAIN. Asia lower and Europe lower.
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U.S. futures: S&P -10, Dow Jones -87, NDX -27 and Russell 2000 -7 with fair values LOWER LESSENING THE PAIN. Asia higher and Europe MIXED.
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Commerce Secretary Wilbur Ross noted overnight that a trade deal with China is going to be a long deal and the U.S. might keep tariffs in place.
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This morning Britain trying to figure out the implications of the Brexit decisions. Watch for stocks to continue their volatility.
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Driven largely by gas prices U.S. consumer prices grew in October at the fastest rate since January 1, 2018
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Stocks are modestly higher as we begin the second day of the week. Yesterday was a struggle. Can we have a turnaround Tuesday?
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Holy cow. There are multiple merger announcements this morning. SAP took out Qualtrics which was going public this week.
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There is no follow through from Wednesday's pop. Yesterday saw the S&P 500 close lower. This morning futures are ugly.
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Federal Reserve Open Market Committee (FOMC) to announce latest interest rate update at 2:00 p.m.. No change expected. Last meeting without a press conference.
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The Mid Terms have come and gone. The results are expected. The Democrats took back the House. The Republicans kept control of the Senate. Next event of importance is tomorrow's Federal Reserve announcement.
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Today is all about the Mid Terms. We have lots of coverage on it today. Enjoy the coverage in the Rags & Mags section.
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The, Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were higher for the week.
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This morning we got a very strong jobs number, 250,000. Watch to see the impact on bonds. Also, we now hyperlink our news story in the briefing.
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Expect stocks to settle into a range after the easy gains off the lows. Investors will be in wait and see mode on how the mid terms play out. Also, Apple earnings will be out at the close.
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It looks like the market is handing investors a treat but could it be a trick by the close?
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U.S. futures: S&P +17 Dow Jones +116, NDX +14 and Russell 2000 +2.50 with fair values LOWER helping open. Asia higher and Europe lower at 8:10 a.m. EDT.
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The Russell 2000, NASDAQ 100, S&P 100 and the Dow Jones Industrial Average were lower for the week. Geopolitical Events. Wednesday the Bank of Japan (BOJ) announces its latest interest rate decision. Thursday the Bank of England (BOE) announces its latest interest rate decision.
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Q3 GDP out at 8:30 a.m. EDT and came in at 3.5% versus consensus of 3.3%.
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Stocks are higher this morning as they attempt to rebound from the third biggest selloff of the year. A good start so far but it is a long day ahead. The Euro is selling off post the ECB latest announcement and press conference.
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U.S. futures: S&P -3 Dow Jones +73, NDX +2 and Russell 2000 -1.50 with fair values LOWER helping open. Asia lower and Europe higher.
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Year to date there are still 59% of stocks lower for the year. The strong that existed at the end of August is gone. What will bring the carnage to an end? There are multiple answers including trade resolution, Federal Reserve improved guidance and continued earnings and economic strength.
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This is a big week for earnings as many of the largest companies in the S&P 500 and NASDAQ 100 will report earnings.
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IPOs on deck LogicBio Therapeutics (LOGC) NIU Technologies (NIU) SolawWinds (SWI). Secondaries of note AKTS INAP KRYS.
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Can I buy stocks? Despite the Tuesday pop there is no clear buy signal emerging. So we need to remain sitting on our hands and wait for more signs that we are at the low as opposed to a low.
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Yesterday we wrote about 2% moves and the conclusion is they only happen in corrective action. Make sure to read the review. More to point, the S&P 500 has been unable to rally for two days in a row since September 20th.
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Aaron Rodgers led another fourth quarter comeback for the Green Bay Packers. Very impressive and it leads us to compare Rodgers to the stock market in that he/the market refuse to break.
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10% of the S&P 500 will report earnings this week. Bank America (BAC), Harris Corp (HRS) and L3 (LLL) all beat earnings estimates this morning.
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U.S. futures: S&P +29 Dow Jones +251, NDX +108 and Russell 2000 +15 with fair values LOWER helping open. Asia and Europe bouncing as well.
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U.S. futures: S&P -20 Dow Jones -206, NDX -46 and Russell 2000 -10.40 with fair values higher increasing the pain. Asia and Europe significantly lower as well.
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Today sees several Fed heads speak. The first is up at 10:30 a.m. EDT and the last is 7:15 p.m. EDT. Key will be to see if there is any walk back of "far from neutral policy".
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U.S. futures: S&P -18 Dow Jones -153, NDX -50 and Russell 2000 -9.30 with fair values lower helping to lessen the pain. Asia weaker and Europe lower as well.
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Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism Index, PPI, CPI and University of Michigan Sentiment Index.
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September Nonfarm Payrolls was out at 8:30 a.m. EDT and expected to 134,000 from 184,000. However, the ADP Payroll Number came in hot at 235,000.
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U.S. futures: S&P -10 Dow Jones -82, NDX -39 and Russell 2000 -9 with fair values lower helping to lessen the pain. Asia weaker with Europe mixed.
The top news story for today is China spying on the U.S.
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There is a ton of Fedspeak that could upend markets today. Pay attention to the times that markets could be impacted.
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This morning CNBC interviewed one of the top money managers in the world Ron Baron. He is a large holder of Tesla and thinks that the stock could get to $1 trillion in market cap by 2030.
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Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as construction spending, ISM Manufacturing Index, ADP Employment Report, ISM Services, factory orders and the nonfarm payrolls along with the unemployment rate.
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U.S. futures: S&P -9.25 Dow Jones -101, NDX -31.25 and Russell 2000 -6.70 with fair values flat. Asia higher and Europe lower.
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U.S. futures: S&P +3 Dow Jones +17, NDX +22 and Russell 2000 +2.10 with fair values flat. Asia higher and Europe lower.
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The FOMC will announcement today at 2:00 p.m. EDT that they are going to raise interest rates. It will be the third increase of the year. One more is expected in December. Key will be guidance about next year.
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This morning President Trump address the United Nations. Key topics will be North Korea, Iran and trade. Watch the Treasury Auction at 1:00 p.m. EDT.
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Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as consumer confidence, new home sales ...
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U.S. futures: S&P -1 Dow Jones +25, NDX -1 and Russell 2000 -1 with fair values lower creating gains. Asia mixed and Europe mixed. British remain tough on Brexit.
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Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, is a must read and a must follow if you can get his research. One of our readers introduced me to Hartnett's writing several years ago and I am better investor because of it. Why?
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Is the Chinese economy in trouble? I am shocked that the number two leader in China, Chinese Premier Li Keqiang, who spoke this morning at the opening of a World Economic Forum conference in Tianjin, China indicated that possible future.
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The yield on the 10 year treasury has moved back to 3.00%. Will it stop there or are we finally going to move to a new yield high? The recent high on yield happened in May at 3.11%.
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On Monday's we highlight the week ahead as investors need to understand what can impact trading. The biggest catalyst this week will be the pending tariffs on China that the president has indicated will be enacted this week.
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Have a great weekend as the last week of summer is upon us. Remember on Friday's we only produce The Daily Briefing section of Rebel Yell. Over the weekend, look for Weekend Reads.
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The dollar via Powershares DB U.S. Dollar Index Bullish ETF (UUP) peaked in August and looks ready to made start a corrective period. In our weekly chart review in Superstock Investor, we noticed this potential.
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PPI Came in light with a drop of -0.1% and the estimate was 0.2%. So the Producer Price Index shows no inflation fears. Remember we want to pay attention to PPI and CPI, tomorrow, to get a handle if ...
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Today is 9/11. Spend a few minutes watching the ceremonies on the networks. This is an important part of our history. As a New Yorker during the event, it impacted me greatly. I will never forget.
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The lead event for today is AT&T (T) and their long awaited investor conference to provide clues on the integration with Time Warner. AT&T now pays a dividend of 6% and the stock price has gone lower since the acquisition which makes zero sense.
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August Nonfarm Payrolls is due out at 8:30 a.m. EDT and is expected to rise to 187,000 from 157,000. The unemployment rate is expected to stay at 3.9%.
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U.S. futures: S&P +1, Dow Jones +26, NDX +2.25 and Russell 2000 +0.70 with fair values lower reducing losses. Asia and Europe up slightly.
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U.S. futures: S&P -7, Dow Jones -82, NDX -24.50 and Russell 2000 -3.30 with fair values lower reducing losses. Asia and Europe lower.
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Traders return from summer vacations en masse today and we will have a myriad of issues facing markets in the the first week back.
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We are doing a brief Rebel Yell this morning as we get ready for Labor Day weekend. Remember on Fridays in summer there is no Daily Briefing rather just some commentary. That will end next week as the Daily Briefing will be out Tuesday through Friday with Monday being The Week Ahead.
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Gold continues to struggle. Tuesday it failed to move above $115 on GLD. Moreover, the Erlanger Volume Swing (EVS) failed to cross above 0 and began a move lower which is never a good sign.
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Expect a pullback in short order as the S&P 500 is officially overbought. The other times we were this overbought included July, May and January. In each instance, there was downside action.
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This is a rather slow news week as well head into Labor Day weekend. Next week will kick of business travel as well a ton of sellside conferences before third quarter earnings start in October. Also, of note August 29th is the deadline that Robert Mueller has put forth to move against the President if he is going to act before the mid term elections in November.
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Federal Reserve Chairman Jerome Powell will be speaking at the Federal Reserve Kansas City District's Jackson Hole Symposium. Speech time is 10:00 a.m. EDT. This is the must-attend event of the year for central bankers.
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My quick comment is the S&P 500 is trying and I repeat trying to clear the January high. The Russell 2000 and the S&P 400 have done so but the S&P 500, S&P 100 and Dow Jones Industrial Average have yet to do so.
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Today at 2:00 p.m. EDT we get the latest minutes from the Federal Reserve Open Market Committee (FOMC) meeting held in July. Watch to see if the wording has changed to reflect any slowing of rate increases.
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This morning we see that Swiss watch sales are being hurt by tariffs. Also, we see that New York City luxury apartment sales have seen prices drop by 31% as the luxury market is being hit by tariffs.
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On Mondays in Rebel Yell, we lay out the week ahead. Without a doubt the most important event of the week is the Jackson Hole Symposium that we wrote about last night. Also, on Thursday in front of Jackson Hole the European Central Bank (ECB) will lay out its latest interest rate policy update.
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The current environment is one where the stock picker is flourishing. As an example, Walmart (WMT) is higher by 10% this morning and JC Penney (JCP) is lower by -22%. So Walmart is killing it while J.C. Penney is dead on the vine. Yesterday, Macy's (M) fell -14%.
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Retail sales are out this morning for July and they ripped higher. The estimate was for growth of 0.1% and the sales grew at 0.5%. Earlier this week, Home Depot (HD) beat estimates.
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Home Depot (HD) beat estimates by $0.20 and beat on revenues as well. The company raised guidance for the third quarter. This is typical of earnings reports in July and August.
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Yesterday we sent out The Week Ahead on Sunday. Going forward, it will go out then. On Mondays, we will put a summary of our weekend reading.
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The Turkish Lira hits a new low this morning as the U.S. Dollar continues to rise. The Lira is off by 11% this morning as its President President Recep Tayyip Erdogan states that the U.S. might have Dollars but we have Allah.
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Bloomberg report this morning that Russian market hurt by recent U.S. sanctions. China is feeling the heat within country over challenging the U.S. on tariffs
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Gold, silver and copper mixed. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury price 119.44 with yields higher since yesterday.
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President Trump is on vacation. Usually summer presidential vacations are a good time for markets because Congress is also on vacation. However, this president even when he is on vacation seems to not be on vacation.
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Geopolitical Issues: Monday sees U.S. sanctions against Iran go into effect. Wednesday sees Federal Reserve Richmond President Tom Barkin speak.
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Well the latest jobs report is out and it was a disappointment. The actual number was 157,000. The estimate was 190,000. The number in July was 248,000. So this number is all over the place.
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U.S. futures: S&P -15.25, Dow Jones -154, NDX -54.25 and Russell 2000 -8 with fair values flat. Asia and Europe lower on trade worries that refuse to disappear.
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Today sees the Federal Reserve announce their latest interest rate decision. Odds are they will not raise and leave the next raise for the September meeting. However, Bloomberg is reporting that they may slow the rate increases from this point onward.
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This morning we look at iShares S&P Growth Allocation Fund ETF (AOR). This chart has been a struggle all year and keeps me awake at night.
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U.S. futures: S&P -4.50, Dow Jones -52, NDX -56 and Russell 2000 -0.30 with fair values flat. Asia lower and Europe higher.
Gold and silver lower with copper higher. WTI Crude and Brent Oil Futures mixed. Natural Gas is higher.
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This morning auto stocks are struggling as the cost of materials is hitting them. Fiat Chrysler (FCAU) missed estimates by $-0.22 with earnings of $0.62. This was lower than a year ago at $0.69. General Motors (GM) also lowered guidance. Ironic that autos are at the front of the tariff issue just as they get hit on the cost of goods sold side.
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Tomorrow sees the European Union led by Jean-Claue Juncker and Trade Chief Cecilia Malmstrom visit The White House to discuss trade and specifically auto tariffs with President Trump.
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Yesterday I updated the returns across stocks, bonds, commodities, currencies, foreign markets and U.S. sectors. What was a surprise is that for July only China was lower in the major foreign markets.
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The dollar continue to move higher and is causing most commodities to fall in price. We initiated a put trade yesterday around this theme in Gold & Energy Options Trader yesterday to capitalize on this theme.
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Federal Reserve Chairman Powell moves on to the House in his second day of Humphrey Hawkins testimony.
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Tuesday through Friday in Superstock Investor we produce a morning note of what is happening. We know this is the best primer for the day that you can find and now we are sharing it with our eZine readers.
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This is the inaugural issue of the Rebel Yell Morning Market Report. The goal of this report is to give you an edge as we enter the trading day. We hope you enjoy!!
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