Stocks popped in overnight trading after President Trump announced he wanted a “mega-deal” for a stimulus package. The dollar slumped in overnight trading and Treasury yields rose slightly on the news. Stocks closed higher as investors kept are holding their stimulus optimism into the long weekend even though the time to pass another stimulus package … Read more

Stocks rallied in overnight trading on stimulus optimism after President Trump signaled negotiations are back on, even though an outcome is very uncertain. Treasury yields fell in overnight trading after being slammed higher this past week after consumer credit contracted last month by -7.22 billion missing expectations of a +14.00 billion print. Initial jobless claims … Read more

Stocks rallied and Treasury yields gave back most of yesterday’s gains in overnight trading after President Trump unleashed a Tweetstorm last night giving investors hope a stimulus deal is not dead. Stocks struggled to gain traction in early trading while Treasury yields were quiet in early trading as investors looked to today’s reopening of last … Read more

Stocks and Treasury yields were flat in overnight trading as investors hoped Fed Chair Powell would announce more monetary candy during a prepared speech this morning. Stocks were slightly up in early trading and Treasury yields traded a bit higher as 30-year Treasury yields were up to 1.6%. Redbook same-store weekly brick-and-mortar retail sales were … Read more

Stocks and Treasury yields surged higher in overnight trading and continued higher in early trading as stimulus optimism has investors believing inflation is finally coming, even though the last round of stimulus was not inflationary. The Markit Services PMI slightly expanded for the second month in a row in September with a 54.6 print. The … Read more

Stocks and Treasury yields fell in overnight trading after President Trump announced he and the First Lady tested positive for Covid-19. Stocks and yields continued to fall after September’s Nonfarm Payroll report missed expectations. Investors hit the bid at the opening bell sending stocks up from their overnight lows and aggressively dumped Treasury bonds sending … Read more

Stocks rallied in overnight trading on stimulus optimism, which sent Treasury yields higher as investors continue to believe stimulus is inflationary until hopes were crushed when Speaker Pelosi indicated both parties were still far apart. Stocks were higher in early trading but off their overnight lows while Treasury yields were falling. Challenger announced job cuts … Read more

Stocks were mixed in overnight trading following the Presidential debate but were slightly higher going into the opening bell before stocks shot higher in early trading. In a very technical move, Treasury yields broke higher out of a consolidation pattern as investors still believe inflation is coming even though there is no lending growth to … Read more

Stocks and Treasury yields were quiet in overnight trading ahead of tonight’s Presidential debate. Stocks were up slightly in early trading while Treasury yields were down slightly in early trading. Redbook same-store weekly brick-and-mortar retail sales fell -0.3% last week and rose to +2.2% from this time last year as a sign consumers are starting … Read more

Despite no news on another stimulus package, stocks gapped higher in overnight trading and extended their overnight rally in early trading even as quarter-end rebalancing could send stock prices lower over the next several days. Treasury yields were flat in overnight trading and rose slightly in early trading. The dollar was down in overnight trading … Read more