Stocks End Week Higher And Flirt With Resistance The market rallied last week as investors cheered more easy money from global central banks and waited for next week’s Fed meeting, then the G-20 meeting at the end of the month in Japan. At the end of May the market was oversold and then bounced sharply…
Stocks Soar As Global Central Banks Push For More Easy Money Stocks soared last week after several major Central Banks stepped in and announced more easy money measures to help stimulate markets. The U.S. Federal Reserve sent a clear message that it is ready to cut rates, China injected $72 billion to help spur their…
Stocks Tank As Trade Woes Continue Stocks fell hard last week as renewed trade woes from both China and Mexico dragged the market lower. May 2019 was a brutal month for the market as the benchmark S&P 500 plunged nearly 7% from peak to trough. The tech-heavy Nasdaq Composite shed nearly 9% during this latest…
The market fell again last week after China said the trade talks will stop until the U.S. addresses its ‘wrong actions.’ The latest negative headline du jour aside, the market was way overdue to pullback after a strong year-long rally. For the past few weeks, the market has been living below the 50 DMA line…