All posts by Todd Mitchell

Bears Return for Weekly Win

U.S. markets showed strength to start Friday’s action as low level trade talks with China resumed in hopes of setting a bigger stage for negotiations in October. However, comments from President Trump saying he’s not looking for a partial deal, he’s looking for a complete deal, and that China buying agriculture products would not be […]

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Stock Market Resilient Amid Soaring Crude Oil Prices, Fed Rate Cut, China Trade News; Microsoft, Adobe, FedEx, GM, Roku In Focus: Weekly Review

major indexes

The Dow Jones Industrial Average and other major indexes closed near session lows in the stock market today as China trade war fears again took center stage.  The Dow Jones industrials dropped 0.6%, the S&P 500 lost 0.5% and the Nasdaq tumbled 0.8%. Small caps tracked by the Russell 2000 held up much better, edging 0.1% […]

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China delegation’s sudden departure highlights trade and tariffs as main movers of markets

S&P

The S&P is just shy of a new high. The issue is whether investors will be willing to push the markets into new high territory now that the Fed has indicated it will wait and see how the economy performs before cutting rates again. With the Fed finished, what’s next for the markets? What gets us […]

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The Fed pumps another $75 billion into markets — its 3rd straight daily injection

Federal Reserve

The Federal Reserve jumped into financial markets for a third straight day on Thursday in another attempt to keep interest rates from moving higher. The New York Federal Reserve said late Wednesday that it would inject another $75 billion into the market on Thursday to keep the federal funds rate within its target range. Short-term rates […]

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Gold gains support from weak dollar post-Fed, palladium sets record

gold futures

Palladium peaked to an all-time high on Thursday, while gold gained on a weaker dollar and as investors looked for clarity on future U.S. interest rates after the Federal Reserve on Wednesday signaled a higher bar to further monetary easing. Spot gold rose 0.5% to $1,500.55 per ounce. U.S. gold futures settled down about $9, or […]

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Another Mixed Session for the Market

U.S. markets showed strength throughout Thursday’s action but traded in tight ranges as better-than-expected economic news kept a bid under the major indexes. Late day weakness dragged down the blue-chips and the small-caps with the overall market basically flat for the session.Volatility is giving a neutral reading as the market will now focus on ongoing […]

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Fed Cuts Rates, Market Mixed

U.S. markets showed slight weakness throughout the first half of Wednesday’s action as Wall Street awaited the Fed’s update on interest rates. The announcement of a quarter-point rate cut was widely anticipated but was no help for the bulls as fresh lows were tapped afterwards as the Fed gave no clear signal on further rate […]

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Walmart Stock Looks Like the Retail Sector’s Best Bet, Says Analyst

Walmart Stock

Walmart stock is rising on Wednesday, helped by a bullish recommendation from Citigroup, which argues that the retailing giant may be the best bet in the sector. The back story. While other retailers have languished, Walmart (ticker: WMT) is up more than 25% year to date, outpacing the S&P 500 ’s nearly 20% gain. In August, the […]

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U.S. stocks close mixed after Fed cuts rates but casts doubt on future stimulus

Federal Reserve

U.S. stocks ended Wednesday flat to higher, after the Federal Reserve announced it would cut its benchmark federal funds rate a quarter percentage point, in line with market expectations, but included language in its accompanying statement and economic projections that called into question whether there will be another rate cut this year or next. Equities pared […]

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Oil ends sharply lower as Saudis project early return to normal for damaged facilities

oil futures

U.S. oil ends almost 6% lower after Monday’s nearly 15% jumpOil futures dropped sharply Tuesday after Saudi Arabia’s energy minister said the kingdom’s crude production could return to normal as soon as the end of the month, as the nation recovers from weekend attacks on crucial processing facilities, Fear of a prolonged disruption to output from […]

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