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…
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…