Market Summary: The long and the short of it. U.S. Markets: The equity markets stalled again yesterday following Chinese media comments on President Trump’s speech to the Economic Club of New York. China Global Times said, “Quite a lot of criticisms and complaints about China from President Trump in his latest speech, but hardly anything […]
Market Summary: The long and the short of it. US Markets: Equity markets were again dominated by President Trump’s remarks over the weekend, dashing investor optimism that Washington and Beijing would soon reach a deal to end the paralyzing trade war. Both the S&P 500 and the New York Composite (NYA) dove into the red
Market Summary: The long and the short of it. U.S. markets: President Trump tossed a spanner into the markets on Friday. Confirming Peter Navarro‘s warnings, the President tweeted that he has not agreed to rollback tariffs with China, thus refuting Larry Kudlow’s comments. Navarro 1:0 Kudlow. The markets subsequently fell at the open and it
Market Summary: The long & the short of it. Most global markets rallied again yesterday on the contradictory comments from the U.S. and Chinese trade negotiators. The financial press decided to highlight the positive narrative and run with more optimistic comments. The S&P 500 nudged higher for another record finish at 3085 for a gain
Market Summary: The long & the short of it. U.S. stock markets tippy-toed sideways in yesterday’s trading, the S&P 500 apparently taking a breather in order to digest yesterday’s moves to all-time highs. The S&P 500 finished the day at 3036 for a mild loss of -0.08% and snapping a four-day winning streak. The New
Market Summary: The long and the short of it. Stock and bond markets shrugged off yesterday’s optimism with the biggest Fed liquidity injection yet. Both the S&P 500 and the New York Composite (NYA) indices dived at the opening of trading, but both recovered in the afternoon session to finish at 3010 (+0.19%) and 13118.91
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