All posts by Todd Mitchell

Bears Growl for 3rd-Straight Session

U.S. markets

U.S. markets showed weakness throughout Thursday’s session despite a pick-up in trade optimism. Specifically, China has invited U.S. negotiators to Beijing for additional talks, and the U.S. may delay the December 15th tariffs.The upbeat reports soothed worries of a breakdown in talks and President Trump’s threat to increase levies. However, the major indexes settled lower […]

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US imports from China shrank more than 13% — but imports from Vietnam are popping

trade

Nobody expects Vietnam to replace China as the world’s major exporter, but the Southeast Asian country certainly appears to be taking some of China’s business with the United States. In the first nine months of this year, U.S. imports from Vietnam jumped 34.8% year on year, accelerating from a 5.8% gain in all of 2018, according […]

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Trumps signs temporary spending bill, averting shutdown for now

Federal Reserve

WASHINGTON — President Trump on Thursday signed a short-term funding bill, averting the threat of a government shutdown until next month.Trump signed the bill, which will extend funding through December 20, hours before government funding was set to expire.The Senate, by a 74-20 vote, passed the short-term funding bill earlier in the day.The push to […]

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Extreme Option Profits Chart of Day… Canopy Growth (CGC)

Keep an eye on Canopy Growth (CGC).After a vicious pullback on earnings, and slowing industry growth, the stock is showing signs of life. Not only did Bank of America Merrill Lynch just upgraded the stock to buy from neutral, the House Judiciary Committee is planning a markup on the Marijuana Opportunity Reinvestment and Expungement Act […]

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Here’s what happened to the stock market on Wednesday

second quarter

Dow Jones Industrial Average drops 112 pointsThe Dow slid 112.93 points, or 0.40% to 27,821.09. The S&P 500 pulled back 0.38% to close at 3,108.46. The Nasdaq Composite dropped 0.51% to 8,526.73. Uncertainty around U.S.-China trade talks grew throughout the session to pause the market’s run to record highs.No trade deal in 2019?Reuters reported that […]

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Markets more fearful about trade war, but still see chance for phase one deal and tariff rollback

tariffs

Strategists say there’s still a chance for a phase one trade deal between the U.S. and China, even as the stock market sold off on skepticism the two nations could come together. The bond market had already been reflecting sinking prospects for a deal as yields fell in recent sessions. The Dow Jones Industrial Average fell […]

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Bears Push Near-Term Support Levels

U.S. markets slumped on Tuesday following news China is threatening retaliation following the Senate’s passage of a bill expressing support for Hong Kong’s autonomy. The House will vote on the measure, which  weighed on market sentiment, and could complicate trade talks with China.Mixed numbers from the Retail sector was also a drag as the 3Q […]

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Why this bull market may have no teeth left

stock market

The major indexes have been rocketing to new highs in recent weeks, with many investors hoping Dow 30,000 may be right around the corner.But longtime investment executive George Ball, CEO of the SMH Group, says it may be time to rethink that.“We should be concerned about a bull market that is older than Methuselah,” Ball […]

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Bulletproof stock market shakes off negative trade headlines and keeps marching to records

trade

Negative trade headlines, which have caused chaos with the markets at times over the last two years, have seemed to lose their ability to knock the stock market down lately as it marches to records. Investors pointed to a number of reasons why this market just seems to want to go higher as it ends […]

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Nasdaq, S&P 500 Tap Another Round of Record Highs

trade negotiations

U.S. markets showed continued strength on Tuesday following reports the Trump administration granted an extension for U.S. companies to do business with blacklisted Chinese telecom companies. News that Japan passed a limited trade deal with the U.S. helped offset China trade concerns.President Trump threatened higher tariffs on Chinese goods if the country does not make […]

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