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"If you cannot control your emotions, you cannot control your money." Warren Buffet Good morning Equities are up slightly in premarket. Details of the proposed steel tariffs indicated that Mexico and Canada could be excluded and the markets rallied when those details were released yesterday. We should have the final details of the tariff either today or tomorrow. We could be in for a wild ride depending on what the ACTUAL details are.
Read MoreGood morning Equities are gapping down after Gary Cohn resigned as Trumps chief economic advisor. Fears of protectionist tariffs and a full scale trade war will be what the media is focused on and that will likely create more volatility for equities. At some point the focus will turn to who replaces is Cohn and if it is someone of similar stature and like minded philosophy to Cohn this could wind up just being a bump in the road. However, ...
Read MoreGood morning Gap up in equities this morning after some news out of Korea that still needs to be verified but if true could be a very positive development between the U.S. and North Korea considering of normalizing of relations including potential denuclearization. Tariffs are still a huge talking point on the financial networks and..
Read MoreGood morning Equities are slightly lower in pre market with gold, oil and the dollar all slightly higher. We are going to try opening up Join me around 6 or 6:15 this morning keep an eye out for the link through the chat room and notification.
Read MoreMarkets had a nice bounce on Friday after a fairly rough week where the new Fed chair gave his semi annual state of the economy on the hill and the Trump administration announcing steel and aluminum tariffs that may be finalized sometime this week. If the tariff happens and we get some retaliation form other countries the fear of a full blown trade war ....
Read MoreGood morning Equities are gapping lower following the reaction around the globe over the proposed tariff on steel and aluminum from the Trump administration. Concerns over a trade war are and an inflationary impact from this move is roiling the markets. The dollar and oil are also weak in premarket with gold showing some strength. Nothing is set in stone.. the markets are sending a message that they do not like the action President Trump is taking. If the markets continue to sell off maybe there is some hope out there that he will change his mind before making it happen next week. Either way I
Read MoreGood morning We are looking at another weak open in equities after yesterdays pull back. Volatility is back and the markets are reacting to concerns over the Fed's potentially overly aggressive interest rate hikes because of an overheating economy. However, the economic data we have received recently is painting the picture of a slower growth economy. I think the recent dollar strength is also part of the reason the market is struggling and while oil and gold are also pulling back. I am not convinced...
Read MoreGood morning After yesterdays pullback equity futures are up slightly in pre market as we await the GDP number to give us more clues about whether or not the economy is on the path to overheating, Oil is down slightly while gold and the dollar are both slightly higher. The GDP number is anticipated to be 2.5% on an annual growth rate if we come in with a significantly stronger number than that, it would be
Read MoreGood morning Equities are mixed in Pre market with the DOW up slightly while the S&P 500 and NASDAQ are slightly lower. It is likely going to be an eventful day in terms of economic data with the new Fed chair presenting on..
Read MoreWe finished out the week with a solid close on Friday after the release of the guidelines the new Fed chair will be sharing with the semi annual state of the economy report in front of congress. This could wind up being a market moving event depending on how the new Fed chair presents and how transparent he appears. We also have several economic data reports that could impact the markets as you can see below.
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