U.S. stock futures were lower on the final trading day of the week, with investors monitoring attacks on oil tankers in the Gulf of Oman and reacting to economic data out of China. As of 3:20 a.m. ET, Dow futures were 19 points lower, indicating a slightly lower open of 25 points. S&P 500 futures … Read more
Stocks are hoping to bounce back today after a two-day selloff. As the market remains fixated on trade talks, the strength of the global economy, and the Federal Reserve Bank. And up until yesterday, it’s been a frustrating market to trade. Now, success can be a double-edged sword. It can sometimes make you cocky and … Read more
The two main questions that are concerns traders now are: Will the U.S. reach a trade deal with China (and will it happen at the G-20 summit)? Is the Fed really going to cut interest rates like the market is predicting it will? Now, we could get answers to these questions by the end of … Read more
Stocks dropped for the 2nd day in a row. CPI data was this focus in early trading. And data showed that consumer prices rose just 0.1% last month. This was in line with expectations. The low inflation reading (combined with a weaker job market) has traders believing that the Fed will cut rates this year. … Read more
FREE DOWNLOAD – The Rebel’s Guide to Trading Options – How to Protect & Profit in any Market Free TheoVideo Report – for Thursday, June 13, 2019 by Corey Rosenbloom As we watch money flow into defensive sectors – especially Utilities and Consumer Staples (XLU and XLY) – what does it say about the broader … Read more
U.S. stock index futures were slightly higher Thursday, after President Donald Trump declined to set a deadline on levying tariffs on another $325 billion of Chinese goods. Around 6 a.m. ET, Dow futures indicated a positive open of more than 60 points. Futures on the S&P and Nasdaq were both seen slightly higher. Oil prices … Read more
Brent crude spiked more than 3% on Thursday on reports of tanker explosions in the Gulf of Oman near the Iranian coastline. In the early hours of European trading, the benchmark commodity went up as much as 4% before paring gains later in the day to trade at $61.97 a barrel. Tankers the Front Altair and … Read more
Stocks closed lower again today, after another large bank came out and said they don’t believe there will be a fed rate cut this year. “We don’t expect a rate cut soon” according to UBS global chief investment officer, Mark Haefele. It comes a day after Goldman Sachs more or less uttered the same words. … Read more
Stocks have given up their early morning gains, as it appears that the market is running out of steam. However, that should be expected, given the rally the market saw the last week. That said, I believe that the upcoming G-20 meeting (trade talks), and the FOMC announcement (interest rate decision), are going to keep … Read more
Stocks are set to open lower this morning, as it appears that the market has priced in the upcoming interest rate cuts which are expected to be made by the Fed over the next few months. That said, traders will be shifting their attention to the G-20 summit, which is set for June 28-29. Some … Read more