Market Summary: The long and the short of it. ASIA Asian markets succumbed to the news that the coronavirus has not gone away overnight. Japanese and Hong Kong shares fell, Nikkei 225 is off -1.79% while the Hang Seng dropped -1.83%. The Shanghai Composite is not trading as the Chinese Lunar New Year holidays have […]
Market Summary: The long and the short of it. US Markets: Equity markets opened up pessimistically in morning trading and dove into the red. Investors regained their courage on the back of the Federal Reserve’s Chairmen Jerome Powell’s testimony to congress. The Chairman said the U.S. Central bank is done cutting interest rates for the
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
The Impartial Lens Portfolio: We believe in a free market. We would rather have no war, no stupidity, no crony-capitalism, no nepotism, no corruption, no political circus, no fake news and we could very well do without the other seven deadly sins. Lust, gluttony, greed, sloth, wrath, envy and pride. In reality, we have
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. Despite upbeat earnings and the benefit of lower interest rates, the U.S. markets dived into the red on the opening of trading yesterday. China upset the post-Fed apple cart overnight, claiming that the “trade-deal” was unlikely. In spite of the White House’s best efforts, the odds
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