|Day's Range||40.24 - 40.24|
The new coronavirus is an obvious concern to stock market investors. • The stock market has been very overbought. • The chart shows that, last week before the stock market drop, The Arora Report gave a signal to raise cash and hedges.
Uber Technologies, Inc. (UBER) was muscling in on their territory. This reminds me of everyone buying stocks. The Russell 2000 rebalances, which makes the index more equally weighted compared to the S&P and NASDAQ.
History does not always repeat itself in the stock market, but it is always instructive. There is a mania going on in the stock market, but not in the terms you would think. Before you send me hate mail for raining on the parade, remember that The Arora Report gave a signal to buy stocks on Donald Trump’s election when many analysts were saying sell.
U.S. markets and stock ETFs tumbled Friday as the threat of the coronavirus outbreak weighed on investor sentiment. On Friday, the Invesco QQQ Trust (QQQ) was down 0.6%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.7% and SPDR S&P 500 ETF (SPY) dropped 0.9%. “It has taken the wind out of the market, because for now other than (Intel and American Express) we have stocks coming under some selling pressure,” Peter Cardillo, chief market economist at Spartan Capital Securities, told Reuters.
U.S. markets and stock ETFs recovered from their early morning stumble after mixed earnings results and updates on the coronavirus outbreak in China unsettled investors. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.3%, SPDR Dow Jones Industrial Average ETF (DIA) fell 0.1% and SPDR S&P 500 ETF (SPY) gained 0.1%. “It feels like the coronavirus story is a convenient excuse to take a little profit, sit back and reassess,” David Lafferty, chief market strategist at Nataxis Investment Managers, told Reuters.
Libra Stablecoin Gets Door Slammed in Face in Australia, Switzerland Facebook’s (NASDAQ:FB) stablecoin cryptocurrency Libra is bashing its head against a wall of regulators and the wall won't budge. Monetary authorities in Australia and Switzerland are the latest to give Libra a hard time, which is understandable since if and when it goes into circulation, […]The post Market Morning: Libra Letdown, Bezos Hacked, Trump Complains, Dirty Water appeared first on Market Exclusive.
U.S. markets and stock ETFs pulled back as traders looked to the potentially deadly virus outbreak in China and global growth concerns as reasons to lock in gains from the record-setting rally. On Tuesday, ...
This week is a holiday-shortened affair, but that doesn't diminish earnings-driven trading opportunities over the next four days. With the S&P 500 coming off a gain of almost 2% last week and a broad swath ...
On Friday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.1% and SPDR S&P 500 ETF (SPY) gained 0.2%. China revealed industrial production recovered last year after a 6.9% growth in output in December, beating projections and revealing its fastest pace of expansion in nine months, the Wall Street Journal reports. “It’s a case of looking at it as a glass-half-full, rather than a glass-half-empty,” Geoffrey Yu, head of the U.K. office for UBS Group’s wealth management arm, told the WSJ.
U.S. markets are continuing their run higher over the past few days, with the S&P 500 holding above the 3,300 level, as job openings sunk to their lowest level since roughly 2018, as hiring took off in November, ahead of the holiday season, and the employment market contracted as well, the Labor Department reported Friday. Over the month, hires and separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little changed at 1.1 percent.
This represents the best single-month Housing Starts number since way back in March 2006, and underscores a big boost in demand for existing homes.
U.S. markets and stock ETFs rallied Thursday as strong corporate earnings and an improving global trade outlook helped fuel the risk-on sentiment. On Thursday, the Invesco QQQ Trust (QQQ) was up 0.5%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.7% and SPDR S&P 500 ETF (SPY) gained 0.6%. Adding to the market momentum, better-than-expected profits and revenue from Morgan Stanley (MS) helped maintain the optimism over fourth quarter earnings.
With most blue-chip companies' earnings scheduled over the coming weeks and sentiments being mixed, investors should closely monitor the movement of the Dow ETF.
U.S. markets and stock exchange traded funds slightly pared back gains mid-Wednesday after the United States and China signed the long-awaited Phase 1 trade deal that would roll back some of the tariffs at the height of the trade war. On Wednesday, the Invesco QQQ Trust (QQQ) was flat, SPDR Dow Jones Industrial Average ETF (DIA) was up 0.4% and SPDR S&P 500 ETF (SPY) dropped 0.1%.