|Day's Range||6.43 - 6.95|
From the YFi Interactive touch screen, Jared Blikre joins Alexis Christoforous to break down the latest moves in RBOB Gasoline futures (RB=F, RBN19.NYM), WTI Crude Oil futures (CL=F, CLN19.NYM), as well as iron and steel indices and companies.
Retail Sales, Industrial Production and Capacity Utilization all put up numbers strong enough to keep interest rate cut narratives at bay.
The sudden rally in the market was driven by Federal Reserve Chair Jerome Powell's dovish comments last week that “the Fed will act as appropriate to sustain the expansion.” A CNBC article stated that market traders think there's a 70% chance of an interest rate cut in July and a ~60% chance of three rate cuts in 2019.
On June 13, the US Department of Labor reported its jobless claims report for last week. Initial jobless claims rose 3,000 to 222,000 for the week that ended on June 8—below analysts' expectation of 215,000. What does this say about the prospect of a rate cut?
Paul Tudor Jones has told Bloomberg that he expects an aggressive but short period of rate cuts by the Fed, which is set to meet on June 18 and 19.
Paul Tudor Jones’s Strategy for Fed Rate CutsTrade war expedites the need for rate cutsBillionaire investor Paul Tudor Jones spoke to Bloomberg today ahead of JUST Capital’s event in New York. He thinks the US-China tariff war has expedited
A Perfect Storm for Gold: All Macro Drivers AlignGold price movementIt has been difficult to predict gold movement this year—economic reports have been more or less mixed and US-China trade deal optimism has curbed gold prices. However, as trade
Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect. Let’s examine the issue with the help of a chart. Chart Please click here for a chart showing money flows in 11 popular tech stocks.
Big tech stocks jointly injected about $330 billion in market value together over the past five trading sessions, per Wall Street Journal. Which ETFs benefited the most?
On Tuesday, the Invesco QQQ Trust (QQQ) was up 0.3%, SPDR Dow Jones Industrial Average ETF (DIA) was 0.1% higher and SPDR S&P 500 ETF (SPY) rose 0.1%. The equities market have rallied on back-to-back gains in response to hopes that the Federal Reserve would cut interest rates in light of the damaging effects of a prolonged trade conflict. The Fed will meet next week, and investors will be closely watching for hints of a potential monetary policy change.
Top stocks are rallying on the heels of the Nasdaq composite's Friday follow-through, which means a major shift in IBD's ETF Market Strategy.
U.S. markets and stock exchange traded funds rallied Monday after the White House "indefinitely suspended" the implementation of tariffs on Mexico's goods. On Monday, the Invesco QQQ Trust (QQQ) increased 1.5%, SPDR Dow Jones Industrial Average ETF (DIA) was up 0.4% and SPDR S&P 500 ETF (SPY) rose 0.7%. The equity markets strengthened after the U S. abandoned plans to impose tariffs on Mexican products.
Why Trump Thinks 'Tariffs Are a Beautiful Thing'The stock market recovery continuesOn Monday morning, the broader market was trading on a positive note after President Donald Trump “indefinitely suspended” his planned tariffs on Mexico. In a
Investors can take a look at exchange traded fund flows to see how markets respond to the developing global trade war. “Participation through ETFs has trended higher in the last month, aligning with escalation ...
U.S. markets and stock exchange traded funds continued their back-to-back rally Friday after poor jobs growth data fueled bets of an interest rate cut and Washington decided to delay tariffs on Chinese goods. On Friday, the Invesco QQQ Trust (QQQ) increased 2.1%, SPDR Dow Jones Industrial Average ETF (DIA) was up 1.1% and SPDR S&P 500 ETF (SPY) rose 1.2%. The equity markets strengthened on hope that the Federal Reserve will go ahead with its interest rate cuts to support an ailing economy.