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Market Snapshot – Friday 10.17.19

US indexes fell today as Big Tech, led by Netflix, declined amid weak data from China.   Last night, economic data from China came in posting the country’s weakest growth in almost 27 years amidst the ongoing US-China trade war. China’s economy grew 6% in the third...

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Market Snapshot – Thursday 10.17.19

Markets rallied slightly today on news that UK Prime Minister Boris Johnson reached a Brexit deal with Brussels. Another factor supporting the broader market are the Q3 earnings results that are coming in stronger than expected.   US housing starts came in at 1.256...

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Market Snapshot – Wednesday 10.16.19

Weak retail sales data and ongoing trade concerns caused socks to move lower, offsetting positive corporate earnings results. US retail sales unexpectedly fell 0.3% in September, upsetting expectations of a 0.3% gain. Excluding autos, retail sales figures came in down...

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Market Snapshot – Tuesday 10.15.19

As earnings season kicks off, the first companies to report are mostly those within the financial sector. Though the companies that reported today were a mixed bag, they helped start off the season on a strong note.    JPMorgan Chase’s Q3 revenues topped analyst...

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Market Snapshot – Monday 10.14.19

It’s Columbus Day, a stock market holiday, so there isn’t much news in terms of scheduled economic reports.   On the geopolitical front, however, a report that China wants to continue negotiating before agreeing to sign a phase one trade deal with the US might have...

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Market Snapshot – Friday 10.11.19

Talk about headline volatility and risk. President Trump’s tweet, starting with “Good things are happening” with the US-China trade talks was enough to potentially cause the Dow to surge 450 points today.    The Dow is currently up 450 points (1.7%), the S&P 500...

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Market Snapshot – Thursday 10.10.19

  Markets ended the day rallying after an initial plunge as bilateral talks between the US and China get underway.    Consumer prices remained relatively unchanged in September, rising 0.1%--lower than economist expectations of 0.2%. Jobless claims were also lower at...

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Market Snapshot – Wednesday 10.09.19

Today’s market weather brought light showers of optimism ahead of the US-China trade talks. US indexes recovered after Tuesday’s slide as concerns over the US and China’s trade war escalation may see some relief when trade talks resume on Thursday and Friday.  ...

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Market Snapshot – Tuesday 10.08.19

US Indices underwent a steep decline on Tuesday as hopes surrounding the US-China trade talks all but disappeared.   Washington’s trade blacklist expanded to include a number of Chinese AI companies, stating Beijing’s treatment of Muslim ethinic minorities as one...

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Market Snapshot – Monday 10.07.19

US indexes rose but struggled to maintain its momentous moves from Thursday of last week. Monday saw very little in the way of economic news and reports.    The consumer credit report came in line with expectations--up $17.9 billion in August versus July’s $23.0...

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