The Fed watch and a flood of Q3 earnings reports provide the backdrop for today’s market action, with the major indexes reflecting the Fed-centric tentativeness. On the earnings front, we moved past the halfway mark this...
Earnings remain front and center in today’s session, with more than 15 S&P 500 companies reporting results today. Some of this today’s reports like the ones from General Motors (GM) and Boeing (BA)...
A weak US Retail Sales reading and mixed start to the Q3 earnings season provide the backdrop for today’s session. The weaker-than-expected Retail Sales report for September reconfirms what we saw from the non-farm...
China’s factory sector is still under pressure, but today’s release offers some tell-tale signs of improvement. The country’s official manufacturing PMI survey for September came in a tad better than expected at 49.8 vs...
Driving today’s gains are comments from Fed Chairwoman Janet Yellen that indicate the lift-off option is very much on the table later this year. Many thought that market participants would push stocks higher if the Fed...
Stocks ended the Thursday session lower on the Fed announcement, and the mood doesn’t seem to be getting any better in today’s session. Some folks are saying that the market reaction would have been even worse had the Fed...
Favorable comments from Chinese officials are helping stocks start today’s session solidly in the green, a day after Tuesday’s very strong gains. Today’s all-around positivity notwithstanding, I am skeptical that we...
The jobs report came short of estimates, but the report’s internals are strong enough to keep the prospect of a Fed hike this month very real. The market’s initial reaction to the report reflects the view that this report takes us towards lift-off in the coming meeting.
The major indexes have started today’s trading on a positive note, despite the soft(ish) labor market reading from payroll processor ADP (ADP). While some may attribute today’s bounce to Fed-centric hopes following...
We are in the midst of the Fear trade again today… and China is again the culprit. This time it’s not that country’s stock market, but its all-important manufacturing sector. More evidence today that the market’s recent China-centric anxiety...
The crazy volatility of recent days isn’t over yet, but the major indexes appear on track to sustain the rebound from Wednesday. The overnight action out of China was favorable, with government intervention giving...
The China currency issue continues to drive market sentiment all over the world, with investors likely interpreting the move as indicating an even weaker state for the underlying economy than has thus far been generally understood.
The increased odds of a Fed liftoff next month following this morning’s strong jobs reading is today’s big development. Investors don’t seem to be overly concerned in their initial reaction to the ‘Fed clarity,’ but...
Stocks appear on track to start today’s session in the green, with the soft(ish) labor market reading from ADP (ADP) likely impacting expectations for the government jobs report on Friday. Labor market readings are...
The Exxon (XOM) and Chevron (CVX) reports today spotlight the pain in the oil patch as industry players brace themselves for a ‘lower-for-longer’ oil price environment. The comparisons to the same period last year...
It’s all about the Fed today, with the FOMC concluding its two-day session later this afternoon and expected to provide clear indicators about its next steps in the statement. Beyond the Fed, the parade of weak earnings...
Earnings remain front and center on the busiest day of the Q2 reporting session thus far, with more than 50 S&P 500 index members reporting results. A few positive reports notwithstanding, the overall tone coming out of...
Earnings remain the primary focus this week, with more than one-fifth of S&P 500 members coming out with quarterly results. The early going has been tough, with growth remaining challenged and fewer companies able to...
A favorable economic reading out of China, the Fed Chairwoman’s testimony to Congress, and another positive looking bank earnings report provide the backdrop for today’s session. All of this should help the major indexes build...
Markets seem to be taking a sigh of relief from the Greece deal and further signs of stability in the Chinese market. This should help us move past these issues and pay more attention to domestic fundamental matters like...
