Gold, silver rally, but stocks still mostly in the Monday doldrums
Gold and silver and their respective ETFs continued to rally Monday, adding some actual luster to their recent resurrection in value.
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GameStop surge over? What’s next for those WallStreetBets Redditors?
How did those crafty Redditors engineer last week's huge GameStop surge on Wall Street? What's next in their revenge against the Big Shorts?
Stocks encounter coronavirus blues. Robinhood idiots boosting gold?
Both the coronavirus blues and the largely millennial Robinhood idiots who inflated the techs to absurd heights roiled stocks again today.
Trading Diary: Some portfolio perestroika as stocks catch a bid
Our portfolios have been pounded this week. Good inflation news helps stocks Friday, though the selling tsunami may not be over yet. (But Home Depot rules.)
Trading Diary: Cash still king as Wall Street corrects
Just when we were set to do some cautious nibbling on decently priced stocks, the bears roared back into action Tuesday morning. We continue on defense. Puts, anyone?
Trump promises ‘big league’ tax announcement, stocks soar
Meanwhile, oil catches a bid after recent downdraft while gold jumps, then takes a hit. Financials try to regain footing. “Animal spirits” back on Wall Street?
Monday markets: Stocks back and fill, digesting recent rally
Friday job stats make it likely Fed will hold interest rates steady. For now. Gold pops again, financials take a rest, oils weaken.
Trading Diary: Gold, silver, copper back on the plate
Buckle your investing seatbelts for another fun and unpredictable week of Trump Administration chaos. It should end well, but the ride in stocks will be bumpy.
Trading tools: Colorful stock market heat maps help traders
For short and medium term oriented traders, heat maps are invaluable tools for gauging daily market sentiment as well as finding good buy and sell points.
Watchful Waiting: Traders sit tight pending election results
Confused stock markets open down, then move to the upside as active traders try gaming tonight’s election results. Focus on gold, silver ETFs, preferred stocks.
Apple’s iPhone 7 gets mixed reviews, stock sinks, markets drag
WASHINGTON, September 8, 2016 – Weirdness and indirection continued to grip Wall Street Thursday as all three major averages—the DJI, the S&P 500 and the NASDAQ—are currently down. The NASDAQ, in fact, is doing the worst, off 38.67 points as of 2 p.m. EDT, a negative 0.8 percent, likely due in part to heavily weighted ...
Tuesday trading: Investors fearful of September interest hike
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.
Freaky Friday: After nightmare in Nice, gold and silver DOWN?
It’s options expiration Friday, and all market bets are off. Terrorist attack in Nice gives trading a slightly negative tone, but crude oil is trying to recover.
Oil, Brexit, Orlando and Fed fears hit Tuesday trading hard
WASHINGTON, June 14, 2016 – Wall Street couldn’t wait ‘til the end of the week for its latest Freaky Friday. That’s happening today, as the market continues tormenting traders and investors alike with the kind of action that can only be compared to the Chinese water torture. (Is that phrase still politically correct?) Drip, drip, ...
Market merry-go-round back in action on rumors and guesses
WASHINGTON, April 28, 2016 – Very short post from yours truly this morning. The Maven is trying to escape the maddening environs of the DC Metro area for a couple of days to take in a Cleveland Orchestra concert way up north in flyover country on the shores of once-again beautiful Lake Erie. Might as ...
IBM, housing starts down, stock indexes dazed and confused
WASHINGTON, April 19, 2016 – We’ll try to keep things short today since Tuesday’s stock market action has us confused once again, although that’s been par for the course since roughly the beginning of 2015. Stocks opened flat, then jumped significantly, only to sink back into the red in late morning trading. As of 1 ...
Saudis, Russians agree to oil freeze. No, REALLY… Brent soars
WASHINGTON, April 12, 2016 – Wow! What a wonderful Tuesday for the bulls! The big news coming across the tape: The Saudis and the Russians appear really, really likely to ink a deal as early as this weekend to freeze both countries’ massive combined oil output at current levels. And get this: They’ll do it ...
Stocks, metals off to the races. Irrational exuberance returns?
WASHINGTON, March 17, 2016—Like our friends the Marx Brothers above, Thursday’s markets, at least as of mid-afternoon, are clearly “off to the races.” Following Wednesday afternoon’s surprisingly robust afternoon rally kicked off by the Fed’s announcement, Thursday trading opened rather anemically, before kicking into gear around 11 a.m. EDT. That’s been a well-developed pattern this ...
Thursday markets: Bears rampage, Yellen hedges, oil tanks
WASHINGTON, February 11, 2016 – It’s getting really hard to write this daily column that describes the background and the action in the (once) wonderful world of stocks and bonds. Bears have been running rampant on Wall Street since the first trading day of 2016 and the carnage has already become considerable. The death and ...
Gold, oil catch a bid on Wall Street’s wild Wednesday
WASHINGTON, February 3, 2016 – In all honesty, there’s not a lot of concrete news to report today except for the same old, same old. Oil, commodities and stocks of all shapes and sizes are trading seemingly at random, with prices either overreacting or underreacting to earnings reports, rumors and whatever else the idiots running ...