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Market Brief – Tuesday 10/9/18

Outside of the tech-heavy Nasdaq-100, most sectors closed in the red today. Asian stocks were down big and European stocks were up slightly. The S&P 500 bounced off its February highs and managed to close just over its 50-day moving average. The Nasdaq-100 bounced off its 100-day moving average and the Russell 2000 bounced off … Read more

Market Brief – Monday 10/8/18

U.S. stocks started the day higher as Asian equities were down, led by China, where stocks were down 3.7% after the Chinese stock market has been closed for Golden Week. European stocks followed suit as the European Central Bank rejected Italy’s budget proposal. Not to be outdone, European bank stocks fell to their 18-month low. … Read more

Market Brief – Thursday 10/4/18

When liquidity dries up, stock prices fall. Yesterday’s news pointed to strong growth out of the factory sector, which has analysts believing tomorrow’s Nonfarm Payrolls report could show upwards of +500,000 jobs created. With wages still rather low, it’s hard to understand where all these workers are coming from. What we do know is at … Read more

Weekend Market Brief – Sunday 9/29/18

Going into last week’s Federal Reserve meeting, speculators increased their already record short positioning on U.S. Treasury bonds to a new record short position. Speculators and investors alike are betting ten-year Treasury yields are headed somewhere between 4-6%, yet they continue to run into an impenetrable wall that is preventing yields from rising past 3.1%. … Read more

Market Brief — Friday 9/28/18

Asian equities moved higher, but European equities tumbled on news from Italy that they are targeting a budget deficit of 2.4% of GDP, which is higher than expected. Italian stocks and bonds got hammered. U.S. investors don’t seem too concerned about what is going on overseas as equities moved higher in the morning. Ten-year Treasury … Read more