Market Snapshot – Friday 10.17.19

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...
Market Snapshot – Thursday 10.17.19

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...
Market Snapshot – Wednesday 10.16.19

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...
Market Snapshot – Tuesday 10.15.19

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...
Market Snapshot – Monday 10.14.19

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...
Market Snapshot – Friday 10.11.19

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...