Stock Rise on Generally Positive News

15 Nov

Most stock indexes gained for the week as evidence grew that the U.S. and China are moving closer to a trade deal and retail sales came in positive for October.  Emerging markets had slight declines.  OPEC agreed to keep current production cuts in place through the end of next year, but did not cut production […]

Trade Deal Uncertainty

11 Nov

Stock indexes had modest gains for the week as traders focused on progress towards a phase 1 trade agreement.  The U.S. and China appeared to be moving closer to a trade deal.  However, many details remain unsettled, such as conflicting claims between the U.S. and China on rolling back tariffs.  Also a date and location […]

Earnings and Trade Boost Optimism

28 Oct

Stocks gained this week with Nasdaq and emerging markets indexes gaining the most.  The week saw many earnings announcements with many more upside surprises this week fueling optimism.  Also boosting stocks was news of the U.S. and China being close to finalizing portions of the phase one trade agreement.  Also, of note the UAW approved […]

Uncertainty Over Trade and Brexit

21 Oct

Following a pullback on Friday, the Dow Jones 30 Industrials were unchanged for the week but other indexes posted modest gains.  It became apparent that the phase 1 trade deal with China needs more work before it is finalized in the weeks or months ahead.  British Prime Minister, Boris Johnson and the EU have reached […]

China Partial Trade Agreement

11 Oct

Anticipation and then the announcement on Friday of a partial trade agreement with China drove the markets this week.  Stock indexes ended the week with gains with the largest gains in international stocks.  The partial trade deal has China agreeing to buy $40BN to $50BN worth of agricultural products, further opening up to international financial […]

A Tale of Two PMIs

07 Oct

The volatile week ended with modest losses in most indexes with the Nasdaq squeaking out a slight  gain. Markets declined on Tuesday and Wednesday following weak Institute for Supply Management (ISM) purchasing managers index (PMI) for manufacturing.  The ISM manufacturing PMI went further into contraction Tuesday and sparked a two day selloff.  Thursday’s non-manufacturing PMI […]

Slowdown, Trade & Impeachment

27 Sep

Stocks failed to find much direction this week and ended the week lower with small company stocks being hit the worst.  The three drivers of market movement were: Slower growth as evidenced by personal-consumption data from the Commerce Department and data from Germany. The House of Representatives opened a formal impeachment inquiry based on a […]

The Past Week in the Markets

09 Sep

Despite a selloff on Monday, stocks gained for the week.   Major market moving news each day. Tuesday, stocks declined on fear of tariffs following the imposition of  tariffs on consumer goods on Sunday.  Also, U.S. Manufacturing posted contraction in August, the first month of contraction in three years. Wednesday, stocks rose on optimism following Hong […]