Equites, led by technology, fell almost 1.25% on central bank hesitancy of adding more stimuli. The dollar fell to a 10 month low and oil rose to a six month high. First quarter GDP disappointed on the headline number but was stronger than expected on...
The NASDAQ fell about 0.50%% as Apple and Twitter vastly disappointed. The S & P and Dow posted nominal advance, the result of rising crude and an uneventful Fed meeting. If I wrote three months ago the typical stock would be up following a profit...
Stocks slipped amid disappointing earnings for several “must” own growth entities even as crude advanced on the growing belief the oil market will be “balanced” sooner rather than later....
Equites fell amid some disappointing results. A drop in crude prices also weighed on the market albeit oils stocks were essentially unchanged. The biggest decliners were phone and consumer staple companies. Utilities also fell and have suffered their worst two days since November. All three...
Equites rallied as oil climbed to a 2016 high after Iraq’s oil minister said major OPEC and other producers will meet possibly next month is a new push to freeze output. US crude output also fell more than expected to the lowest level since October...
Equities ended moderately higher on earning optimism and a rebound in crude....
Equities extended their gains buoyed by improving Chinese data, better than expected earnings from a large money center bank and data that did not threaten the monetary policy....
Equities rallied as oil surged another 4% as it has been reported that Saudi Arabia and Russia has agreed on a production cap. The dollar also fell. Crude is now up about 10% for the year and over 60% from its mid-February lows....
Equities closed essentially unchanged as crude rallied about 1.7% to close over the psychological $40 mark. There were no major headlines for yesterday’s rise except a reiteration of next week’s OPEC/Russia meeting to cap production. The dollar fell to a nine month low....
I think most would agree the last 45 days the unexpected has occurred. The most unloved stocks are outperforming the most loved stocks (aka mega capitalized momentum growth issues) in the greatest equity reversal since 1933, the dollar falling to a 17 month against the...