State of the Markets
Add It To The List
By: David Moenning
In case you missed it; Wall Street's wild ride continued unabated yesterday. So, while things look pretty good in the early going on this fine Tuesday morning, I could have said the same thing yesterday. And we all know how that turned out.
At this time Monday, stocks were looking…
Best to "Ride it Out" (For Now)
By: David Moenning
There can be no denying that there are issues for traders to wring their hands over here. The possibility of a trade war with China is front and center, which, most assuredly, will go beyond tariffs and include items such as currency devaluation, a reduction in U.S. bond buying, etc.
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A Lot to Consider Here
By: David Moenning
As expected, the insanely wild ride on Wall Street continues unabated this morning. Just about the time it looked like the stock market action was improving, Mr. Trump decided to drop another bombshell.
In case you missed it, last night at about 7:00 pm, the President tossed out t…
Well That Was Interesting
By: David Moenning
Well, that was interesting! The market cynic in me says that yesterday's wild ride is fairly easy to explain... What the algos take away, the algos can give back - at any time - and vice versa.
While I have little doubt that the vast majority of the intraday action these days is b…
Tit-for-Tat Fear Trumps Fundamental Backdrop
By: David Moenning
Here we go again. The market's biggest fear - a trade war with China (and others) - appears to be taking shape. At least that's what the 550-point dive in U.S. stock futures tell us this morning.
Some might have been encouraged by yesterday's rather surprising rebound of nearly 40…
Let's Keep This In Perspective
By: David Moenning
My how the game has changed. Hand wringing has turned into teeth gnashing. Concern has turned into worry. And confidence has turned to out-and-out fear. All in 44 trading days. Yes fans, in a span of just over two months, the mood of this market has changed - completely.
We've gon…
The Question Of The Day Is...
By: David Moenning
From my seat, the question of the day is whether or not we've seen the lows for the current corrective phase. I can actually argue both sides of this one as the indicator evidence has been and continues to be mixed. For example, the bulls argue that the declines seen since February's emot…
The Indicators Tell Us...
As I opined yesterday morning, I believe stocks are in the midst of what is called a "bad news panic." Typically, such environments take hold when players are focused on a single event (or, in this case, a potential event) that appears to be negative. The bottom line is the situation crea…
Remember, Good News Can Happen Too
The primary purpose of my oftentimes meandering morning market missive is to identify the primary drivers of the stock market environment. As I've stated a time or three, the idea is that if we can stay in tune with what Ms. Market is doing and why in the short-term, then we have a better…
Good Thing Trade Wars Are "Easy to Win"
It's a good thing trade wars are "easy to win," right? Otherwise, investors couldn't really be blamed for doing some hand-wringing over yet another big, red down day for the stock market. A day where the venerable Dow Jones Industrial Average dropped an eye-popping 724 points, or -2.93%. …