Market Summary: The long & the short of it. Despite the avalanche of earnings releases being published for the third quarter, the attention of the market participants shifted to the Federal Reserve and its Chairman Jerome Powell. The Fed did indeed meet the expectations of the markets (all the action being priced in) and cut […]
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. We saw an early sell-off in the S&P 500 on the disappointing quarterly earnings released by the bell-weather Caterpillar (CAT) and the electronics giant Texas Instruments (TXN). However, the S&P 500 managed to shrug off the news and close out a resilient session, to finish at
Market Summary: The long & short of it. Stock markets rallied strongly again today, shrugging off the disappointing August ISM Manufacturing (PMI)* data from yesterday. The PMI for August was the lowest seen since August 2016. The S&P 500 finished with a healthy gain of 1.08% to close at 2,937.78, while the New York
August 2019 – The long & Short of it. Stocks Markets did very little last Friday and drifted sideways to finish the week higher by a healthy 2.7% on the S&P 500 at 2,926. The New York Composite (NYA) finished higher by 1.23% at 12,739, leaving both Indexes near the upper end of their August
Extreme weather conditions All across the world, food crops are being destroyed by floods, drought, and cold weather. North Korea is facing serious food shortages as a result of little to no rainfall in 2019. Leading into May 2019, the U.S. experienced the wettest 12 months in its history.