Donald Trump vs. Hillary Clinton and potential Fed interest rate hike continue to result in up and down trading on low volume, all unlikely to resolve until November 9 or later.
Saudis, OPEC supposedly agree to November oil production cut. Iran, as always, will be the wild card. Janet Yellen tries—feebly—to counter criticism from Donald Trump.
Crude oil price increase also add pep to Thursday markets, although stocks remain off their session highs in tepid afternoon trading. We'll see how long this latest interest rate rally lasts.
Odds against a Federal Reserve interest rate increase announcement Wednesday. But in this year of surprises, stocks are in watchful waiting mode.
Ohioans may be leery of putting political signs in their front yards this season, signaling that something… something is afoot in this must win state in 2016.
Odds sink that the Federal Reserve will hike interest rates next week, as pro-Democrat politics really do come into play. Did The Donald juice today's stock market action?
Dollar strength, poor Treasury auction weigh on commodities as shaky Wednesday trading tries to accentuate the positive. Gold, silver relatively stable. Trump making players nervous.
Fed’s Neel Kashkari issues unwarranted attack on Donald Trump, ignoring Hillary’s medical issue sweepstakes as stocks try to recover from Friday bloodbath.
Boston Fed President Eric Rosengren, former interest rate dove, says interest rates should go up as low rates could overheat the U.S. economy. Really? THIS economy?
Fed Beige Book is on tap soon as most stocks mark time before traders decide to place new bets.
Russia-Saudi oil deal termed non-event. Pundits badmouth Apple in advance of product announcements. Metals catch a bit. Stocks, bonds remain confused.
“Worse than expected” news from Bureau of Labor Statistics: August 2016 created 151,000 new jobs, 30,000 less than “expected.” Friday markets rejoice. Workers not so much.
Janet Yellen’s case for a September Federal Reserve interest rate hike weakens on Thursday data dump. Thinly traded markets react in confusion as oil tanks.
After Monday’s respectable display of bullish irrational exuberance, Mr. Market goes negative Tuesday and tries to take it all away. Gold, oil down, dollar up.
Pharmas, biotechs selectively hammered, oil attempts to stabilize, but most traders await the Oracle of Jackson Hole, Wyoming.
Deadly slow trading, crude oil rally reversal, waiting for the Fed chair’s likely non-message transforms stock market into a red-ink meat grinder Wednesday as stocks fall, gold takes a hit.
But where’s the beef? U.S. companies brag about increasing minimum wage salaries. But what about the dying middle class?
WASHINGTON, June 2, 2016 – June is bustin’ out all over on Wall Street. The problem is, stock and bond traders and investors don’t seem to know which way it’s bustin’. The usual suspects—Saudi oil extortionists, an intrusive federal government, and big-mouth CEOs guarding their turf—are making investors nervous with their latest round of blustering ...
WASHINGTON, May 31, 2016 – The merry, merry month of May is limping to a month-end close in Tuesday Wall Street trading action. As of 2:30 p.m. EDT, all three widely followed stock averages—the Dow Jones Industrials, the S&P 500 and the NASDAQ—are off sharply, with the Dow taking the worst hit, currently sitting at ...
WASHINGTON, May 27, 2016 – In very thin holiday-driven trading Friday, stocks opened with a decided upside bias. But mid-afternoon brought word that the Federal Reserve once again seems to be inching toward another ratchet up in interest rates, with the next incremental hike likely coming in early to mid-summer. At least that’s the way ...