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 & the short of it. The S&P 500 soared to all-time highs in inter-day trading on Friday and settled just below the high to close at 3021 or +0.41%. It was the third straight day of positive returns on the S&P 500. The exuberance followed a statement from the Trump administration,
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
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 ripped higher on Thursday, propelled by the “Resumption of Trade Talks”. The S&P 500 extending it gains from yesterday to close at 2976 and a gain of 1.30%. The New York Composite followed suit with to close at 12,917 and a gain of 0.95%.
This piece was originally written in March 2013 but is even more relevant now as we enter into uncertain times in 2020. “If I have seen further it, it is by standing on the shoulders of Giants.” Isaac Newton “Truth, like gold, is to be obtained not by its growth, but by washing away from
The further back you look, the further forward you can see Read More »