Stocks continued selling today. What was particularly discouraging for the bulls is that there was no afternoon rally. In fact, the selling accelerated in the last hours of trading, and the major indices went out on the lows, and on heavier
March 22, 2018
It’s been a pretty nutty week for the equity market over the last four days as sectors which had been holding things up have sold off sharply, while sectors that had been left for dead, have been picking a little bit
Just a quick catch up with what has been happening with Cable following the FOMC and the BOE earlier today, and all we can say is that from a price action perspective it’s been very much a game of two
Of late, upswing in the U.S. industrial production has been dominating headlines, signaling robust growth in manufacturing activity. The 1.1% rise in industrial production in February has given a new reason to cheer the performance of the industrial products sector
According to one research company, new Federal Reserve Chairman Jerome Powell was disgusted and angry at his press conference yesterday. The firm, Prattle, employed facial recognition software to track Powell’s expressions throughout his inaugural press conference. By their count, he was
Many have noted recently that the spread between 3-month LIBOR and the overnight interbank lending rate has now risen to the highest level since the financial crisis, typically a sign of rising financial stress. At the same time, many have
This week, the S&P 500 continued to decline with 3 days of losses. The index closed Thursday at its lowest yet of the week and fell 3.77% from this time last week. It is down 1.93% YTD and is 8.0%
CNBC’s Josh Lipton reports on the quarterly earnings report for Micron Technology.
At times of market turbulence traders and investors have traditionally turned to gold as a safe haven and store of value, but today’s announcement by Donald Trump of tariffs against China and the threat of trade wars have failed
It was another EIA disapointment for natural gas, as the market crept up ahead of the data and sold off on the release that generally hit expectations, settling down slightly on the day. The EIA announced that last week we
