Markets

On Monday, stocks slid as oil jumped nearly 3% and bounced from oversold levels. Oil bounced after rumors spread that OPEC members are talking about freezing production. Remember, the last time that happened, was in mid-February and oil surged – even though OPEC never freezed production. Technically, oil is just bouncing from deeply oversold levels. Economic…

Stocks were very quiet on Thursday even though the Bank of England announced a large round of easy money.The Bank of England cut rates for the first time in seven years by 1/4 point to 0.25%. They are buying corporate bonds and amazingly, ANOTHER 455 BILLION EUROS in printed money (QE). This is on top of the…

Market Update: Stock futures are higher ahead of Friday’s open. The government said U.S. employers added 255,000 new jobs in July, beating estimates for 180,000. Gary’s Thoughts: Market likes fake job number…edging out with stronger financials. Economic Data: Employment Situation 8:30 AM ET International Trade 8:30 AM ET Baker-Hughes Rig Count 1:00 PM ET Consumer Credit 3:00 PM ET Treasury…

Market Update: Stock futures are flattish ahead of Thursday’s open after The Bank Of England threw more easy money at markets. In response to Brexit, The Bank of England cut rates by a quarter point to 0.25%, expanded QE and is beginning a corporate bond buying program. Remember, the always fun and fake jobs report will be…

Market Update: Stock futures are a little lower ahead of Wednesday’s open. The Dow fell 7 days in a row as it continues consolidating its recent post-brexit rally and a ton of earnings continue to be released. Remember, the always fun and fake jobs report will be released on Friday. Gary’s Thoughts: 7 days in a row…

Stocks fell on Tuesday as the market appears to be tracing out a near term top. The major indices soared over 9% since the post brexit low and have been up 5 weeks in a row. The market is simply pulling back now to digest that recent and strong rally. It is important to note…

We are quite confident some sort of near-term high is being put in place today. All was well coming into today but noticed the S&P sitting while other indices moved higher, a divergence of sorts. As we write this, the tight range of the past couple of weeks is being breached to the downside and…

Stocks ended mixed on Monday as oil prices continued to tank and fell below $40 a barrel for the first time since April. The Dow Jones Industrial Average posted a 6-day losing streak as it pauses to digest the recent rally. Economic data was light but a little weaker than expected. The ISM manufacturing index came…

Market Update: Stock futures are a little lower ahead of Tuesday’s open. The Dow fell 6 days in a row as it continues consolidating its recent post-brexit rally and a ton of earnings continue to be released. Overnight, Japan announced its fiscal stimulus plan which disappointed some investors and Australia’s Central Bank Cut rates to a…