Momentum trading, monetary stimulus, and easing trade tensions gave stocks a third consecutive week of gains. Buy it while its hot was the sentiment this week as indices like the S&P 500 continued their extension out the confinements of August trading towards the highs of July. Recession fears diminished to a degree with Chinese officialsRead… Read more »
Stocks fell for the third consecutive week with news headlines and the yield curve in the drivers seat. Stock indices began the week down before news of a delay on the tariffs promised by the Trump Administration gave instant life to buyers who left when the tariffs were first announced. The good times were shortRead… Read more »
Stocks had their worst weekly performance since December, triggered by surprise tariffs that followed a hawkish Fed rate cut.
Economic data added to the gains helped to push the S&P 500 to new highs.
Bonds outperformed this week with poor earnings signaling trouble in the economy for investors.
The optimism of trade talks between the U.S. and China Friday kept stocks in positive territory for the week.
Stocks came back from early trouble to extend over 1 percent in weekly gains, capping the best January in over 30 years. Poor earnings early in the week provided examples of what kind of effect a global slowdown was having on larger stocks.
Stocks rallied this week recovering some gains lost in recent sell-off. The major indices traded less volatile than the last two weeks though volatility was still greater than where it was prior to the sell-off.
This week we saw no change in the relentless momentum in stocks we’ve seen thus far this year.
Stocks continue to be relentless as more buyers came out for the new year to join the fun.