All posts by Todd Mitchell

Bulls Cap Historic Week but Small-Caps Slack

U.S. markets

U.S. markets showed continued strength on Friday while setting a fresh round of historic highs on hopes of an imminent rate cut at the end of the month. Fed Chair Jerome Powell did his part to lift bullish spirits following his testimony on Capitol Hill, but the action will now focus on the upcoming 2Q […]

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Store closures accelerate and may top 12,000 in 2019. Here’s what’s closed so far this year

Store closures

Despite the year being more than halfway over, the pace of store closures doesn’t appear to be slowing down in the retail industry. More companies piled on the bad news this week. So far, 7,062 store closures have been announced by U.S. retailers this year, according to a tracking done by Coresight Research. And the tally […]

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The Fed could be about to disappoint the market, warns Well Fargo Securities

investors

Wall Street’s Fed frenzy might not turn out how investors expect.That’s at least according to Michael Schumacher, global head of rate strategy and managing director at Wells Fargo Securities, who said investors may find themselves disappointed by the Fed’s next move.Many on the Street expect the U.S. central bank to slash its benchmark interest rate […]

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Market Settles Mixed as Dow Taps Record High

U.S. markets showed momentum for the 2nd-straight session with the blue-chips tapping fresh all-time highs after Fed Chairman Powell all but confirmed a rate cut in his 2nd day of testimony. However, the small-caps traded lower throughout much of the session while Tech showed 2nd-half weakness with both indexes closing lower.The Dow jumped 0.9% after […]

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Dow rallies 200 points to close above 27,000 for the first time ever

Dow

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month. The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to […]

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Trump jacks up pressure on China over trade as he hails Dow milestone

Trade Talks

President Donald Trump turned up pressure on China over trade talks, as he celebrated a stock-market milestone and was expected to announce he won’t pursue efforts to get a citizenship question on the 2020 U.S. census.CHINA TRADETrump said China is “letting us down” by not buying the U.S. farm products “that they said they would,” […]

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How this one stock could ultimately be responsible for killing the bull market

bull market

Stocks rallied Wednesday thanks to Fed Chairman Jerome Powell’s signalling a likely interest-rate cut later this month. The S&P 500 SPX, +0.45% and Nasdaq COMP, +0.75% both broke into record territory, while the Dow Jones Industrial Average DJIA, +0.29% snapped a three-day losing streak. But one stock could single-handedly throw cold water on the recent market strength, warns strategist Bill Blain […]

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These are the stocks that have led the S&P 500′s five-year run to 3,000 from 2,000

S&P 500

The stock market’s record-long bull run just capped another milestone Wednesday — the S&P 500 jumped above 3,000 for the first time, nearly five years after the index hit 2,000. These are the stocks that powered the historic rally.  Medical implant manufacturer Abiomed led the herd, surging a whopping 909% since the S&P 500 reached 2,000 […]

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Bulls Tag Fresh All-Time Highs on Rate Cut Hopes

U.S. markets showed strength for the 2nd-straight session while setting fresh all-time highs following hints of a quarter-point rate cut later this month. Fed Chairman Jerome Powell stressed the various uncertainties that were weighing on the outlook, and worries that weak inflation will be even more persistent supported expectations for an easing.While the market liked […]

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Banks should shine among S&P 500 stocks this earnings season

second-quarter earnings

Analysts expect earnings to decline for most sectors, but large U.S. banks should buck that trendSurprise: Analysts expect banks to be one of the brighter areas of the stock market during an overall dismal earnings season.As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average DJIA, -0.08%  and S&P 500 […]

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