State of the Markets
Patience is Waning
It's "Fed Day" once again, so in all honesty, not much else matters in the early going today. The key to this fine Wednesday morning is that the Fed is expected to drop the word "patient" from the statement accompanying the rate announcement. The general consensus is that Ms. Yellen will …
In Case You Were Wondering...
The key talking points in the market remain unchanged this morning. First and foremost, there is the question of whether or not Ms. Yellen's merry band of central bankers is going to lose their "patience" this week and change the wording of the FOMC statement. It is widely expected that t…
Are Stocks Overvalued (And Does it Matter)?
The major stock market indices have been moving in a volatile, back-and-forth, up-and-down fashion for three and one-half months now. For anyone attempting to stay in tune with the trend of the market, this has been a frustrating time as the S&P has changed direction no fewer than 9 t…
Do We Have Another V-Bottom On Our Hands?
By: David Moenning
Current Market Outlook
Thursday's rebound wasn't out of the ordinary given what we've seen over the past year. The "v-bottom" recovery pattern was a major theme in 2014 (especially in the latter half of the year), and has been prevalent in 2015 as well. Could this be yet another…
Skyrocketing Dollar Remains the Focus
By: David Moenning
Current Market Outlook
Wednesday was a missed opportunity for the bulls, though it wasn't all that surprising. Major indices did not follow world markets higher, despite Germany posting a nice rebound, and European markets finishing mostly higher. With no economic data state-sid…
March Themes Emerging; Bears In Control
Current Market Outlook
Tuesday's selloff seemed to be a case of two major themes. The first being the worry over a Fed rate hike following Friday's jobs data. While the news wasn't brand new, it is a point of focus for traders now as the expectation starts to seem more realistic…
Are the Bears in Control?
By: David Moenning
Current Market Outlook
Monday's rebound wasn't exactly a convincing statement from the bulls, but it did manage to stop the bleeding, so to speak, following a big Friday sell-off. Headlines were relatively quiet yesterday as traders pushed major indices modestly higher (Nasdaq +…
Monday's Action Should Be Telling
By: David Moenning
Current Market Outlook
Friday's big sell-off really dampened the momentum the bulls had mad since the beginning of February, as all major indices finished down more than -1%. Though Friday's jobs report was much better than consensus expectations, the increased chance of a rate …
Friday Focus: All About Jobs Report
By: David Moenning
Current Market Outlook
Thursday's price action was largely forgettable as the market paused in front of this morning's non-farm payrolls report. So, while China lowered its GDP growth target to the lowest in 11 years, the ECB set plans for their own QE, and jobless claims here i…
A Little Entertainment Ahead of Friday's Jobs Report
By: David Moenning
Friday's non-farm payrolls will be the report that traders focus heavily on, but in the meantime, we may have a little volatility on our hands. Keyword: may. Overnight, China lowered its GDP growth target to 7%, which marks the country's lowest growth target in the last 11 years. Asian st…