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"The markets are unforgiving, and emotional trading always results in losses." Alexander Elder Good morning Equities are gapping higher off of statements from China's Premier saying "China is willing to open its door wider; says there is no winner in a trade war with the US." Apparently there have been some back room discussions going on and there seems to be a desire to try and come to a mutually beneficial agreement between the two countries. That is welcomed news form the global markets and while we may not ..
Read MoreWhen asked > What is your biggest trading ally? "Time is your friend; impulse is your enemy." Jack Bogle Equities markets had a rough week after the new Fed Chair raised rates and the Trump administration announced 50 billion in potential tariffs aimed at China which sparked fears of a global trade war. Earnings season has wrapped up for the most part and the markets will likely be driven by economic and political headlines. Technically we have some concerning developments
Read MoreIt has been a busy week with a rate hike form the new Fed chair, more shakeups in the Trump administration with the exit H. R. McMaster national security advisor, and the introduction of new tariffs aimed at China. China has responded with is own threat to take measures against 128 U.S. Products in two stages as well as threatening legal action through the World Trade Organization. Fears of a full scale trade war are a genuine concern for Wall street and the equities markets are...
Read More“Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.“ –Michael Steinhardt Good morning We are looking at a lower open as the markets are digesting the Fed rate hike and comments from new Fed Chair Powell. Fears of a trade war being kicked off with todays announcement of of as much 60 billion in China tariffs @ 12:30 ET today could also be weighing on equities. In other news, the government avoided another shutdown by putting together a tiny 1.3 TRILLION dollar spending bill that will keep it running through October. With oil hitting a new 7 week high I really like..
Read More“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” Peter Lynch Good morning We have the Fed announcement today and this can be a tricky trading day. There is often a head fake move directly after the announcement while the statement gets analyzed, absorbed and eventually interpreted into what it might mean for the economy and equities. We are likely looking at the first interest rate increase from out new Fed chairman Powell but the focus will be on potential inflationary pressures and the pace of further rate increases. Keep an eye on
Read MoreGood morning The Fed meeting starts today but we will not get an announcement until tomorrow. Equities are up slightly in premarket but we are likely going to see more choppy action as we await the fed statement tomorrow.
Read MoreNext week could be a big week for equities depending on the reaction from some cabinet moves being made by the Trump administration and the first FOMC meeting presser with Jerome Powell and potential for an interest rate hike. We have commerce secretary Wilbur Ross presenting before the house ways and means committee so there will likely be more tariff related news and headline risk. We end the week with the IPO market heating up with Dropbox pricing this upcoming week on Thursday.
Read MoreFears of a global trade war seem to be subsiding after Peter Navarro appeared on CNBC explaining the Trump administrations position on trade. The most recent economic data released this week also indicates that the economy and wages aren't running rampant and suggests that the fears of runaway inflation were a bit overdone. However
Read More"Know what you own, and know why you own it." - Peter Lynch Always do your homework before making a decision. Re-evaluate your portfolio regularly. Make sure the thesis still makes sense and if it doesn't > make the necessary changes and move on. Good morning Equities are basically flat in pre-market with the dollar and oil up just a tad and gold slightly lower. Crypto currencies continue to get slammed and are testing recent lows. We have four economic data reports due out at 8:30 a.m. ET.Jobless claims , February import prices, Empire State Manufacturing Index data as well as the March Philadelphia Fed Index data. These could set the tone for the markets today. We have a few retailers that have reported better than expected numbers and could give the sector a little boost today. WSM TLRD SHLD SMRT
Read MoreGood morning We are looking at a slightly higher open in equities, oil and the dollar with gold down slightly. We have two reports due out later this morning that could impact the markets with PPI and retail sales. Retail sales came in a bit lite PPI came in as expected with little sign of inflation in the data.
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