All posts by Todd Mitchell

Record Highs Back in Play

U.S. markets resumed their run at record highs on Thursday following news the U.S. and China have agreed in principle to roll back some tariffs amid progress on the Phase One trade deal. Solid earnings continue to pour in with 77% of companies now topping 3Q estimates as better-than-expected numbers also helped the rally.The Transportation […]

Continue reading

Rates surge with the 10-year Treasury yield jumping the most since Trump’s election

 A steady climb in yields intensified Thursday afternoon with the yield on the benchmark 10-year Treasury note jumping the most since President Donald Trump’s election. The move coincided with a risk-on move by investors out of bonds and into stocks with the S&P 500 jumping to a new record on Thursday. The 10-year yield jumped 15 […]

Continue reading

Dow, S&P 500 and Nasdaq hit record levels after report China, U.S. agree to cancel tariffs in stages


U.S. stocks traded higher Thursday, with all three major benchmarks touching new records, after reports that Beijing and Washington may cancel planned import tariffs in stages. The benchmark Russell 2000 index of smaller, domestically-focused companies, which had been more reluctant to join the recent market rally, also was edging higher.How are major benchmarks performing?The Dow Jones […]

Continue reading

Market teeters on Trump, Xi meeting location, hoping a logistics snag is not sign of bigger issue

trade deal

Ever since President Donald Trump said he and President Xi Jinping would meet to sign a trade deal, Wall Street has been hanging on every speculative word about where and when that signing might take place. So it was not surprising when stocks sold off Wednesday morning on a Reuters headline that quoted Trump administration sources […]

Continue reading

SoftBank Groups’ Shares Drop After Reporting $6.5B Quarterly Loss

warning signal

Softbank Group Corp. (T:9984) reported a whopping 704.4 billion yen ($6.5 billion) operating loss in the three months ended September 30, its first quarterly loss in 14 years. SoftBank’s signature Vision Fund, the world’s single largest pool of startup investments, reported a 970.3 billion yen loss in the quarter. Writedowns in WeWork and Uber Technologies were cited […]

Continue reading

Extreme Option Profits Chart of Day… Volatility Index (VIX)

With the presidential elections nearing, the only certainty is volatility.Ahead of the 2000 election (Bush v. Gore), the volatility index (VIX) popped from 16.5 to 31.Ahead of the 2004 election (Bush v. Kerry), the VIX ran from 13 to 17. Ahead of the 2008 election (Obama v. McCain), it ran from 20 to 90. And ahead […]

Continue reading

Bulls Take a Breather

U.S. markets traded in tight ranges throughout Wednesday’s action following negative trade news concerning China and disappointing economic data. The signing of the phase one trade deal between the U.S. and China could be pushed out to December as the sides continue to negotiate terms and a signing venue.The major indexes recovered much of the […]

Continue reading

Xerox mulls bold $27 billion takeover of HP

Xerox Holdings Corp. has set its sights on a takeover of personal-computer and printer maker HP Inc., an audacious move that would unite two fading stars of technology. Xerox XRX, +4.90%   is considering making a cash-and-stock offer for HP HPQ, +2.22%  , which has a market value of about $27 billion, according to people familiar with the matter. […]

Continue reading

Interest rates suddenly entered a new phase and they are moving higher thanks to possible trade deal

interest rates

As a possible trade deal gets closer, investors are less fearful of a recession and interest rates are in a new trend higher. Bond yields have moved dramatically back and forth since last week’s Fed meeting, but they have moved higher most recently on reports that the U.S. and China are close to a phase one […]

Continue reading

All-Time Peaks Remain in Play

U.S.-China trade

U.S. markets showed strength on Tuesday’s open following another round of upbeat trade news with China. Reports that the Trump Administration is considering rolling back additional tariffs, one of the Chinese demands for the deal, lifted the Dow and the Nasdaq hitting fresh all-time highs shortly after the open.Momentum faded afterwards following mixed economic data […]

Continue reading