RoboStreet – February 28, 2019 Closing Out February on a Quiet Note Equities spent the better part of this week consolidating the torrid gains of the prior nine weeks. A pause that refreshes is constructive for the broad market and after a couple of attempts to take out resistance at 2,800-2,815 for the S&P 500, […]

Markets retreated in early morning trading after the abrupt end to the U.S.-North Korea summit in Vietnam but have since recouped losses behind better than expected GDP data. Several Fed official speeches are planned for today, along with the continuation of earnings, that will keep investors busy today. Labor and housing data is also in […]

Markets are trading slightly lower today as a trio of testimonies take place in D.C. while major U.S. indices show signs of reacting to this week’s poor retail earnings. Fed Chairman Jerome Powell, U.S. Trade Ambassador Robert Lighthizer, and former Trump-lawyer Michael Cohen are simultaneously taking questions from congressional committees in three separate hearings. Elsewhere, […]

Major U.S. indices are trading higher today off promising geopolitical progress and delayed Chinese tariffs. President Trump cited “substantial progress” in the recent trade talks with China as the main motive for pushing back the deadline to increase tariffs. Later this week Trump is scheduled to meet with North Korean leader Kim Jong Un in […]

All three major U.S. indices lowered today behind poor global economic data while U.S. and China negotiations continue. Both sides are shifting focus toward drafting a formal deal that would predominantly address currency, intellectual property rights, cyber theft, tariffs and more. Global and U.S. economic data is in focus today along with a select number […]

RoboStreeet – February 21, 2019 Near Term Market Headwinds A Likely Scenario The S&P 500 is working on a nine-week rally and is butting up against its next big technical overhead test at 2,800. Positive momentum surrounding the US/China trade talks, a fairly dovish set of minutes from the most recent FOMC meeting and the […]

U.S. indices modestly rose in early morning trading ahead of today’s Federal Open Market Committee January-meeting minutes release. Global trade talks remain in the spotlight with developments in both China-U.S.and Brexit negotiations, ahead of their respective deadlines. Earnings season continues to wind down though several big-name companies are still scheduled to report. SPY support is […]

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Major U.S. indices are mixed as China trade talks continue in Beijing while lawmakers in D.C. look to avoid another potential government shutdown before tomorrow’s deadline. Non-disruptive news from China and the bipartisan effort in Congress to keep the U.S. government open are supporting markets today while underwhelming economic data provides some pressure. Major earnings […]

Markets are on the move up today as political and global trade tensions ease with continued development on both ends sparking optimism. The U.S. partial government shutdown looks to be avoided as Congress drafts a bill that the President will need to sign by midnight Friday to keep the government open. Also supporting markets today […]