Tag: S&P 500 (CME:SP500)

Dow Races Above 21,000 After President Trump's Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The Dow has crossed 21,000 for the first time, the dollar has jumped the most in six weeks and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates.

MarketClub's Mid-day Market Report

Big banks led gains among stocks, with The Goldman Sachs Group Inc. (NYSE:GS) and JPMorgan Chase & Co. (NYSE:JPM) trading at all-time highs as the odds for a rate hike in two weeks swelled past 65 percent and President Donald Trump's address to Congress did little to alter views that his administration will seek pro-growth policies.

Key levels to watch next week: Continue reading "Dow Races Above 21,000 After President Trump's Speech" →

Stocks Fall Ahead of Trump's Congressional Speech

Posted on by The INO.com Team

Hello MarketClub members everywhere. The stock market retreated Friday as a poor set of European corporate earnings compounded investor nervousness before President Trump's speech before Congress next week. Gold has extended its rally higher as the dollar has edged lower.

MarketClub's Mid-day Market Report

U.S. stocks are falling across the board with the three major indexes all lower. The Dow, which was down 0.26 percent at 1:39 p.m. in New York, has hit daily highs for the past 10 sessions, its longest streak since 1987.

Key levels to watch next week: Continue reading "Stocks Fall Ahead of Trump's Congressional Speech" →

Waiting On The Fed

Posted on by The INO.com Team

Hello MarketClub members everywhere. Stocks are little changed today as traders eagerly await a key Federal Reserve release. The central bank is scheduled to release the minutes from its meeting earlier this month and Wall Street is expected to parse through them in search of clues about when and how many times it will raise interest rates this year.

MarketClub's Mid-day Market Report

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) is increasingly moving beyond its core e-commerce business to search for new avenues of growth. Over the weekend, Alibaba announced it had formed a strategic partnership with Shanghai Bailian Group, one of China's largest supermarket and department store chains, in order to deepen its so-called "New Retail" strategy. And on Tuesday, Alibaba's finance arm, Ant Financial, announced a $200 million investment in South Korea's dominant messaging app Kakao Talk.

Key levels to watch next week: Continue reading "Waiting On The Fed" →

The Trump Trade Pushes Stocks To New Records

Posted on by The INO.com Team

Hello MarketClub members everywhere. By saying the words "Phenomenal tax plan" on Thursday, President Trump jump-started the "Trump Trade" as markets resumed their assault on record highs. President Trump also said in a meeting with the airlines on Thursday that "lowering the overall tax burden on American business is big league... that's coming along very well," adding that an announcement would come over the next two or three weeks. Stocks have climbed to record highs following these remarks.

MarketClub's Mid-day Market Report

But that begs the question, who was really trading yesterday? With the massive snowstorm in the northeast the trading volume was lower than average and it seems that the trading computers were the ones pushing the market higher. Scary to think about right?

Key levels to watch next week: Continue reading "The Trump Trade Pushes Stocks To New Records" →

A Tale of Two Realities

Posted on by George Yacik

George Yacik - INO.com Contributor - Fed & Interest Rates


You may not have noticed it, but there is an enormous gulf between what many Americans are being told is happening in the world around us and how the financial markets are reacting – or, more accurately, not reacting – to it. It’s as if there are two completely different realities going on. Which reality you subscribe to will likely dictate your investment choices, including how you feel about which direction the bond market is headed.

In one reality – and it’s the one that gets the most coverage in the general media – is that the world is basically coming to an end. The most powerful nation on earth is being run for the past two weeks or so – although it seems like a lot longer – by an ignoramus who is moving our country and the entire world headlong into disaster. Continue reading "A Tale of Two Realities" →