Blog
Good morning We have a big week ahead with the summit between President Trump and Kim Jong Un, the FOMC announcement and press conference, headlines from the G7 summit and the potential trade war with our allies. We have a lot of economic data with CPI, small business optimism, PPI. jobless claims, retail sales, and consumer sentiment. It could wind up being a volatile week ahead if the Fed is extremely hawkish or things go terribly wrong...
Read MoreGood morning Equities are down in premarket which should not be a surprise after being up several days in a row. We are heading into the weekend ahead of the G7 summit where trade discussions will likely be the focus point for Wall Street. There are several sectors that are overbought in the near term so a pause to
Read MoreEquities are up slightly along with gold and oil with the dollar down just a tad. Trade fears will continue to be something for the market to focus on as the G7 summit approaches Canada is set to vote on and potentially approve the pathway for recreational cannabis. If approved legal sales of the whacky weed could begin as early as 10 to 12 weeks from now. Several cannabis
Read MoreGood morning Equities are up slightly in in pre-market with the NASDAQ setting new all time highs. The petroleum status numbers are out today which could impact oil and energy names. The black bubbly is trading flat in premarket. Monthly trade numbers come out today which could give us an indication of whether or not all the trade war talk and tension is actually having an...
Read MoreGood morning Equities are getting some follow through in premarket from yesterdays rise taking the IWM and Nasdaq to all time highs. Biotech struggled even with what seemed like a lot of positive news in the space. Gold and oil are down slightly in pre market while the dollar is up just slightly.
Read MoreGood morning Equities managed to close out the week strong on Friday even with the uproar about a potential trade war with our allies after the Trump administration imposed tariffs on Canada, EU and Mexico. The jobs number set the tone on Friday as it painted a picture for a very strong economy in the U.S....
Read MoreGood morning A strong jobs number just hit and equities are up slightly along with the dollar, while oil and gold are both pulling back a bit. Fears of a trade war with our allies will likely continue to weigh on the markets as we continue to chop around and consolidate. There is a lot of conflicting data coming in for economists, traders and investors to digest and try to identify what it all means. On one hand the economy appears to be on solid ground and getting stronger and on the other hand we have inflation fears, trade tensions and geopolitical concerns that could derail the economy.
Read MoreGood morning Equities are basically flat in premarket as the dollar and oil are down just slightly. Gold is up just a tad as breaking news of the Trump administration imposing steel and aluminum tariffs just hit the wire. Keep an eye on...
Read MoreGood morning Global trade tensions continue with chatter of the Trump administration moving forward with 25% tariffs on 50B worth of China goods while Trump has a war of words with Mexico over who is going to pay for "the wall" and Italy continues to spook the markets with potential destabilization in the Euro Zone. Even with all that
Read MoreGood morning Equities are getting a smack down off of some political unrest over in Italy. I am not smart enough to understand what is going on and what all the potential ramifications could be but apparently it is concerning enough to impact the markets at the moment. The dollar continues to climb while gold and oil are both slightly lower.
Read More