Stocks were a bit soft for most of the day, which is understandable given how far and how fast they have risen lately. There will be a stock option expiration this Friday. I have included that calendar below. April is not a particularly robust expiration, but it is sufficient to provide a little incentive for…
The big news at the end of the day came courtesy of a report that Rod Rosenstein has informed Trump that he’s not the target of any part of the Mueller probe. You can read more about that here, but suffice to say it’s either really good news for the President or else some kind of…
At their December 2017 policy meeting, the FOMC majority voted to increase the monetary policy targets (RRP & IOER) by an additional 25 bps. It was the fifth such move dating back to December 2015. It was not, however, a unanimous decision. Chicago Fed President Charles Evans and Minneapolis Fed President Neel Kashkari both opposed…
CNBC’s Seema Mody reports that even though Skechers posted an earnings beat, weak Q2 guidance is hitting the stock after hours.
Is this index consolidating sideways, or is this a triple top developing? The group is entitled to a rest after such a strong run, but it is hard to believe that the bull market will survive very long if this index breaks down. This ETF is one of many inflation-related ETFs that were pushing up…
“The global economy has continued to move forward with what has been, so far, a synchronized global economic expansion with few notable exceptions, i.e., Venezuela. While reflecting the improvement in global economic growth, more and more central banks in the developed world are starting to follow the U.S. Federal Reserve in raising interest rates.” (Wells…
A solid day for Asia with the broad based rally carrying all markets higher. Confidence gained from strong earnings, better data than US markets had expected and energy prices rallying over 3% all helped to produce a positive day. The Nikkei gave-up the mornings highs and drifted in afternoon trade but still gained +0.15% for…
Tax Day should have been Apr 17 this year. But, the IRS has given taxpayers an additional day to file and pay returns after the webpage for paying tax bills using their bank account crashed. Tax Day has always been special for the stock market. Estimates are that 15% to 33% of all tax filers…
Rates rip higher and the curve steepens dramatically; stocks tumble, semis suck, tech stumbles, banks burst higher; industrial commodities jump; and the dollar spikes – in other words – it’s opposite day. Futures show US equities stable and positive for most of the Asia session but begin to lose steam as Europe opened, accelerate lower…
