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 […]

The Past Week in the Markets

24 Aug

It was another volatile week in the markets.  Wednesday, the markets rose based on strong earnings from some retailers and a sharp upward revision in June existing home sales.   Also, on Wednesday, the FED released its minutes from the July meeting which showed members were mixed on cutting short term rates with two members voting […]

The Past Week in the Markets

19 Aug

Stocks posted modest losses in another volatile week.  The Dow 30 Industrials posted an 800 point loss on Wednesday as the 10-year Treasury yield briefly fell below the 2-year Treasury yield.  Also, the 30-year Treasury yield fell below 2% for the first time ever.  The markets were moved on fear of the so called inversion […]

The Past Week in the Markets

12 Aug

It was a volatile week in the markets: Monday, the S&P 500 had its biggest drop of the year, falling 3% after China retaliated by announcing zero purchases of U.S. agricultural products by state owned enterprises.  The drop was also fueled by the Chinese yuan weakening beyond 7 to the U.S. dollar.  While China has […]

The Past Week in the Markets

05 Aug

Stocks had sharp declines this week following an announcement on Thursday afternoon of tariffs on  the remaining $300BN of Chinese imports taking effect on September 1st.  Up until now, tariffs have not been placed on consumer goods but it remains to be seen what impact this will have on consumer spending when the prices of goods […]

The Past Week in the Markets

26 Jul

U.S. stocks rose this week while foreign stocks had modest losses.  Stock prices were largely driven by earnings news but also anticipation the Federal Reserve will cut short term interest rates next week.  Q2 Gross domestic product showed U.S. growth slowed in the second quarter and 2018 GDP was revised lower.  The European Central Bank […]

The Past Week in the Markets

22 Jul

Stocks ended the week lower as it became apparent that the FED rate cut next week likely will not be more than a quarter of a percent.  Second quarter earnings started coming out this week but it is too soon to predict the overall direction of second quarter earnings.  Tensions in the middle east may […]

The Past Week in the Markets

15 Jul

Large cap U.S. stocks saw substantial gains mainly in reaction to FED chair Powell’s dovish stance on cutting interest rates during testimony to congress.  Powell indicated that inflation is still below the FED’s target and the outlook hasn’t improved with a global slowdown.  Small cap stocks and international stocks saw much more modest gains. In […]

The Past Week in the Markets

08 Jul

Stocks ended the week with US stocks modestly higher and foreign stocks lower.  The US-China trade war hit a cease fire as both sides agreed not to increase tariffs further and to restart negotiations.  President Trump also agreed to lift the ban on U.S. companies selling to Huawei.  Stocks declined on Friday following a better […]

The Past Week in the Markets

01 Jul

Stocks ended the week mixed as traders wait to see if the G20 summit will bring some resolution to the U.S.-China trade war.  May inflation numbers came in near the FEDs target raising questions about if or how soon the FED will cut interest rates.  Crude oil prices ended up to $58.03 as us inventories […]