|Day's Range||19.68 - 19.71|
U.S. stocks ended slightly higher while crude oil prices plunged nearly 6% at settlement after Saudi Arabia said it was on track to restore much of the oil production lost during a weekend attack on key facilities in the country’s oil infrastructure.
A narrow trading range combined with an increase in the volatility index as investors appear poised to move money from stocks to bonds.
Despite headline hysteria, many companies are reporting positive earnings. Co-CIO Francis Gannon explains how we’re investing during this time of two tales Continue reading...
Much of that advance has been led by momentum stocks, or stocks that investors have been bidding upwards precisely because they already were rising, thereby creating a self-reinforcing trend. Now, Morgan Stanley says these momentum stocks are stalling, which the firm says is an ominous warning sign of both a recession and major stock market declines ahead. "The last two times we've experienced a momentum breakdown this severe, it preceded or coincided with an economic recession," warns the U.S. equity strategy team at Morgan Stanley headed by Mike Wilson.
U.S. markets and stock ETFs retreated on a spike in risk-off sentiment, following the weekend attack on Saudi Arabia’s oil facilities that sent crude price surging, but strength in the energy sector helped offset some of the broader selling.
Modern markets have evolved into vastly complicated organisms with thousands of data points competing for attention. It's our job to transform this information flood into an efficient set of charts, tickers, indexes and indicators that support our profit objectives. Part of this task requires observation of broad market forces, while the balance demands a narrow focus on specific securities used to execute our strategies.
In Part 3 (the final segment) in the series, I discuss a case that symbolized nearly all of the flawed thinking during the 2007 to 2009 market crash Continue reading...
Volatility is elevated as the S&P 500 stalls near historic highs, while the software industry is oddly not participating in the recent rebound.
U.S. markets and stock exchange traded funds meandered on Friday as optimism over progress in the trade war with China was pared down by lingering uncertainty over global growth. On Friday, the SPDR Dow Jones Industrial Average ETF (DIA) rose 0.2% and SPDR S&P 500 ETF (SPY) was flat. Global equities have been pushing higher this week on hopes of easing trade tensions between the U.S. and China, along with expectations of looser monetary policies from global central banks, recovering some of the lost ground experienced over a volatile August.