Stocks and Treasury yields were quiet in overnight trading as the world starts moving into the new year. Stocks and Treasury yields were down slightly in early trading. Initial jobless claims beat expectations as +787k Americans filed for unemployment benefits last week. Total unemployment claims, including all forms of pandemic unemployment assistance, fell -799.8k to … Read more
Stocks rose slightly in overnight trading as the dollar tumbled to its 2-year low. Treasury yields rose slightly in overnight trading. Both stocks and yields were holding their overnight moves in early trading. The trade deficit increased to $84.82 billion in November, the largest on record. The Chicago PMI rose slightly to 59.5 in December … Read more
Stocks rallied in overnight trading led by Japanese equities as global investors celebrated the House passing an additional stimulus bill that could lead to an increase in Japanese electronics even though the Senate is unlikely to pass the bill. Treasury yields also rose in overnight trading as seller jammed 30-year Treasury yields back up to … Read more
Stocks rallied in overnight trading on news the Brexit deal was done and that President Trump signed the stimulus bill as investors believe these were the two major hurdles holding stock prices back. Treasury yields rose in overnight trading on the same news as 30-year Treasury yields slammed into 1.7% where they came to an … Read more
Stocks rose slightly and Treasury yields fell slightly in overnight trading. Stocks were holding their overnight move in early trading, while Treasury yields were falling in early trading. Stocks closed higher and Treasury yields lower in light volume as markets closed early for Christmas.
Stocks rose in overnight trading and were holding their overnight gains in early trading. Treasury yields were flat in overnight trading until pre-markets, where aggressive selling took 30-year yields back over 1.7% as computer-traded models continue to sell. Last week 803k Americans filed for unemployment benefits while total claims, including all forms of pandemic unemployment … Read more
Stocks rose in overnight trading after the long-awaited stimulus bill passed both houses of Congress but were trading slightly lower in early trading. Treasury yields fell in overnight trading and were still lower in early trading as sellers continue to attempt to push yields higher. Redbook same-store weekly brick-and-mortar retail sales fell -0.9% last week … Read more
Fears of a mutated, highly infectious strain of COVID-19 sparked fears in overnight trading as several countries closed their borders to Great Britain after the strain was detected. Stocks were down early trading but buyers showed up as U.S. investors appear to be unconcerned. Treasury yields fell sharply in overnight trading on the same news … Read more
Stocks were flat in overnight trading and fell in early trading. Treasury yields fell slightly in overnight trading and were flat in early trading as buyers were not eager to step in after yesterday’s aggressive selling by speculators in early trading. Stocks closed lower on the day as Congress failed to pass a stimulus bill … Read more
Stocks rose in overnight trading as the dollar continues to get pummeled which is sending risk assets higher. Treasury yields were flat in overnight trading, then fell following the dismal weekly unemployment report. Initial jobless claims missed expectations as +885k Americans filed for unemployment benefits last week. Making matters worse, total claims, including all forms … Read more