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…
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…
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…