Perfect storm building for stock correction as trade war simmers and market awaits more Fed action
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With new risks from trade wars, stocks head into the final weeks of summer vulnerable to a pull back or even correction. The market was...
Robert Mueller’s Russia probe cost nearly $32 million in total, Justice Department says
Former Special Counsel Robert Mueller exits during a break in testimony during a House Intelligence Committee hearing on the Office of Special Counsel’s investigation into Russian Interference in the 2016 Presidential Election on Capitol Hill in Washington, July 24, 2019....
Stocks making the biggest moves midday: Pinterest, Square, Etsy, Newell Brands & more
Traders work on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Friday: Pinterest — Pinterest’s stock soared more than 20% after the social media company topped estimates for its second quarter...
Forward Guidance: Tariff Man Strikes Again
This week saw the US Federal Reserve cut interest rates, putting more weight on trade tensions and global growth concerns than firm domestic data. Seemingly right on cue, President Trump followed the FOMC meeting a day later with a promise...
Week Ahead – Focus Shifts East
Where do we stand This week has seen the focus remain on central bank, particularly the disappointment with their ability to do what the market demands of them. Last week it was Mario Draghi and the ECB that was seen...
Cliff Notes: A Sudden Reversal
Key insights from the week that was. The FOMC and President Trump stole the show this week, the former delivering a 25bp cut, the latter a new 10% tariff on $300bn of imports from China. Needless to say, markets have...
Jobs report shows labor market solid as economy faces new trade threats
Wages picked up and hiring continued to be strong in July but at a much slower pace than last year, reflecting an economy heading toward full employment but still with workers looking to move into the labor force. The economy...
Fed’s rate cutting helps provide cover for Trump to wage the trade war
Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019. Liu Jie | Xinhua | Getty Images President Donald Trump’s move to intensify the trade dispute with China comes with...
BTCUSD Clears 100-EMA; Bias Cautiously Bullish
Bitcoin propelled out of the Ichimoku cloud and above the 100 exponential moving average (EMA) in the four-hour chart, which proved hard to breach early in July. According to the RSI, the market seems to have reached overbought conditions and...
US consumer sentiment index hits 98.4 in July, slightly topping June numbers
A customer browses products at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images The University of Michigan’s final print on its consumer sentiment index for July came in at 98.4, matching its mid-month reading....