Equity prices remain bid going into the second week of May, with the near-term outlook for the DAX tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war. Even though the two days of deliberations in Beijing failed to produce any meaningful signs of progress, ongoing negotiations…
The market is showing euro and sterling bulls little mercy. It seems that only the briefest and shallowest upticks are seen before new lows are seen. he fact that the several bilateral dollar exchange rates are going through 200-day moving averages puts in on many medium-term investors radar screens for the first time in a year. The…
Wall Street has been on a wild ride over the past three months, pushing the major indices into the red for the year. This is primarily thanks to global trade worries, threats of inflation, concerns over speedy rates hike, ongoing political turmoil in Washington and geopolitical tensions. However, many stocks survived the market turmoil thanks…
TM Editors Note: This article discusses a cryptocurrency. Such investments are by their nature high-risk and highly speculative. Do your own careful due diligence. Dash (DASH-X) breaks out of a bullish pennant and subsequently pulls back to test the top trend line of the pattern and the 50-period moving average as support. Note that the…
Video length: 00:05:54 On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Rob Cittadini, director, Americas institutional, discussed the U.S. employment report for April, newly-released economic data from the Eurozone, and the status of trade talks between the U.S. and China. Strong labor market sends U.S. jobless rate below…
Below is a brief recap of last week’s price projections and the price targets for next week. Once again the SPX hit all key numbers. First it got rejected at resistance at 2676 on Monday, then it bounced off the low range target at 2600, to finish the week a few points below where it…
Biotechs Survive 2018 Bottom But Enthusiasm Is Sketchy Mid-Caps Should Move with M&A and News-Big Movers Today Celgene Beats on Earnings and Strong Revlimid and Pomalyst Sales The overall market rallied today with good strength in Nasdaq up 1.71 % and the QQQ up even better up 1.9% helped by AAPL up 3.97% on a huge…
The Non-Farm Payrolls report showed a moderate number of jobs added with a continuing weakness in wage growth. Stocks were hestitant at first, and then the traders saw that a rally into the weekend would be largely unopposed. And so equities were able to finish the week largely unchanged. New the end of the day…
To no one’s surprise, the FOMC left its target range for the federal funds rate constant at 1.5 to 1.75%. This decision maintains the Committee’s record of no rate hikes at meetings where no SEP forecasts were available and also spaces out its gradual normalization of policy. There is virtually no information in the statement…
The headlines seem almost too good to be true. As of April, the United States’ unemployment rate reached a multi-year low of 3.9%. There’s got to be a catch or an anomaly, right? Nope. As crazy as the number sounds, it’s legit. That’s not to say there aren’t some curiosities worth noting and watching going…
