China Trade Talks – “Close to the Final Round”?! Secretary Mnuchin’s statement mid-April saying “we’re getting close to the final round of concluding issues” now proved to be naive at best and misleading at worst – both possibilities together summarize the unfortunate state of the U.S. politics, policy, and administration these days! In the absence (more…)
Stock Market and the Economy Now a Political Pinata Disguised as China-Trade-Talks? On Friday, our models indicated: “With the Non-Farm Payrolls out of the way, China trade talks appear to be the only game left”, with our headline itself highlighting this possibility, and we are indeed seeing it all over the place as we are (more…)
US-China Trade Talks the “Play Book” Next Week? With the Non-Farm Payrolls out of the way, China trade talks appear to be the only game left to cheer the markets next week – but, till then nothing much to feed the bulls. With the new highs established, economic news looking like non-events, investors appearing apathetic (more…)
Consolidation to Continue Today China trade talks might be used to cheer the markets next week – but, till then nothing much to feed the bulls (barring some unexpected bullishness in the NFP release tomorrow). With the new highs established, economic news looking like non-events, investors appearing apathetic to geopolitical headlines, Fed seeming almost irrelevant (more…)
Markets Appearing Skittish – Tread and Trade Carefully With the new highs established, economic news looking like non-events, investors appearing apathetic to geopolitical headlines, Fed seeming almost irrelevant (for now), earnings looking to be in a Goldilocks scenario…there “apparently” is not much that seem to excite the markets in one way or another. And, yet, (more…)
With the all-time Intraday High Broken, Bulls to Take a Breather? CPI, ISM, and FOMC coming up ahead this week, and with the all-time intraday highs already broken yesterday, the markets might have risen too high too fast. As we pondered yesterday, “When (not if) the new highs are established, would the markets pause or (more…)
PCE Core this Morning Points to No Inflation – FOMC Rate Decision a Given and Irrelevant This Week? The USD PCE Core released this morning points to no traces of inflation, potentially rendering the FOMC Rate Decision this Wednesday almost a given. With two record closes last week on the S&P 500 Index, the chances (more…)
Strong GDP Numbers to Help the Markets Scale New Highs Today? We wrote yesterday’s morning “Only some unexpectedly bullish earnings headlines can make this possible”. This morning’s (much) stronger than expected GDP numbers could play that role opening the all time intraday high of 2940.91 for an attack today. If we indeed break the all-time (more…)
Still Trying for New Highs? While the S&P 500 Index has registered a record daily close this week, the intra-day high record is yet to be broken. Only some unexpectedly bullish earnings headlines can make this possible. Based on the post-daily-record action so far, our models are not betting on it but are taking a (more…)
Record Intra-day High to Follow Record Close? As our models have been indicating, the S&P 500 index has made a new record close yesterday, with the help of the heating up of the earnings release. While the intra-day high record is yet to be broken, our models are not necessarily betting on it but are (more…)
