Data driven FED!
All three major indexes charged ahead to new highs. Mixed economic data putting a question mark as to ‘how many rate cuts are ahead?’ Earnings report season is in full swing this week with mixed results. Companies meeting expectations are being rewarded, others are being hammered down. GDP growth is slower than last year indicating […]
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It’s the Economy!
All three major indexes retreated a bit but holding above support levels. Mixed economic data putting a question mark for how many rate cuts are ahead. Many companies report earnings this week. Most of the accelerated earnings gains due to Trump tax cut is behind us. Geopolitical tensions with Iran is on the forefront with […]
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Dovish FED!
All three major indexes made new highs this week. FED Chairman Mr. Powell’s testimony this week almost promised rate cut end of July and possible two more by end of the year. Focus now will shift to earnings. Most the analysts are cautious leaving room for positive surprises in coming season. Leaders are acting well, […]
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Solid Job Report and Fed Rate Cut!
S&P is making new high but most of the other indices are facing resistance zone here. Friday’s Job report was solid indicating strength of U. S. economy. Question now is ‘Will the FED cut rates at the end of this month and how much by January 2020?’ VIX closed below 14.40 level indicating volatility is […]
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Trump-Xi Summit!
Market rally is facing resistance zone here. G20 meeting went without a hitch. President Trump’s meeting with Chinese Premier were civil and gave indication that tariff situation will not escalate. President’s visit to N. Korea’s DMZ zone was a last-minute surprise. He is the first US president to visit N. Korea since cold war. Markets […]
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