Stocks Fall For Second Straight Week As Trade Tensions Rise The market fell for a second straight week as tensions continued to rise between the U.S. and China. The Dow fell 700 points on Monday, then bounced back Tuesday-Thursday but still ended the week lower. For most of this year the 50 DMA line has…
Market Ends Week Lower As US-China Trade Woes Intensify The market fell last week after tensions spread regarding the US-China trade talks. For the past few weeks, the market was very extended to the upside and due to pullback. The “news” that triggered the sharp pullback was the US-China trade tensions but that was just…
Transitory Fed, Sparks Transitory Pullback The market remains very strong as it refuses to pullback in a meaningful fashion. Investors digested a slew of earnings, economic data and the latest Fed data last week. The big headline came on Wednesday when Jay Powell did not cut rates. Instead, he said that the current state of…
Stocks & Earnings Mixed To Mostly Higher The market ended mixed last week as investors digested a slew of earnings. So far, the vast majority of companies that reported earnings beat estimates which is a net positive for both Main Street and Wall Street. The market is acting very well as the major indices refuse…