Stocks Hit New Highs As Earnings Season Continues The major indices rallied nicely last week as investors digested a slew of earnings and economic data. On average, the reaction to earnings was positive as the major indices flirted with fresh record highs. There were a few big earnings disappointments (gap down) and a few nice…
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…
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…