All posts by Todd Mitchell

Offering shoppers new experiences isn’t helping as malls see tsunami of store closures, falling traffic

It’s only April, but already this year more store closures — nearly 6,000 — have been announced than in all of 2018. That surely isn’t helping mall owners. Foot traffic at some of the best shopping centers across the country peaked around August 2018 and has since started to fall, after rebounding for much of last […]

Continue reading

Bulls Get Weekly Win on Friday’s Rebound

Bulls Get Weekly Win on Friday’s ReboundU.S. markets posted a strong Friday while recovering losses from earlier in week to finish mostly higher overall. The strong session came after a solid start to the 1Q earnings with the Financial sector leading they way following better-than-expected numbers.The gains helped pushed the major indexes towards their all-times […]

Continue reading

A stock-market correction is coming, but don’t ‘head for the hills yet’, says BNY Mellon


After days of dull stock action, we’re seeing signs of life as earnings season kicks off. China blasted out pretty upbeat exports data Friday, setting the tone for what could be an upbeat day, helped by upbeat results out of J.P. Morgan and Wells Fargo. The S&P barely budged this week ahead of earnings season as investors […]

Continue reading

Dow rises more than 150 points after big gains in Disney and JP Morgan

big gains

Stocks rose on Friday after a slew of positive corporate news that included strong bank earnings and Disney unveiling a new streaming service. The Dow Jones Industrial Average surged 188 points. Gains in the financials and communications services sectors pushed the S&P 500 0.4% higher. The Nasdaq Composite advanced 0.3%. J.P. Morgan Chase kicked off the corporate […]

Continue reading

Market Digests Trade, Brexit News Ahead of Bank Earnings Reports

earnings reports

(Thursday Market Open) As investors appear to be awaiting the ramp-up of earnings season with bank quarterly reports tomorrow, they have some incremental geopolitical news to digest. Trade negotiations between the United States and China continue. U.S. Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China have “pretty much agreed” on an enforcement mechanism, and […]

Continue reading

Uber releases its long-awaited IPO filing

Uber released its long-awaited IPO prospectus. The company will list on the New York Stock Exchange under the symbol “UBER.” The company has self-reported unaudited financials for several quarters — one of the few tech giants expected to debut this year to do so. That means the public S-1 serves less as the typical first look […]

Continue reading

Bulls Hold Near-Term Support

U.S. markets showed some strength at the start of Thursday’s action following better than expected economic news ahead of the open. The slight momentum faded shortly afterwards with the major indexes turning south on Fedspeak while trading in tight ranges into the closing bell.The overall market pullback held near-term support levels with volatility easing to […]

Continue reading

Goldman Sachs says chance of a recession is now just 10%


Goldman Sachs economists say Federal Reserve policy has reduced the risk of a recession over the next year to just 10% from a previous 20% at the end of the fourth quarter. The economists concluded that the improvement in financial conditions since the beginning of the year is in large part due to the abrupt policy […]

Continue reading

Delta Heads Skyward; Tesla Hopes for New Tax Credits


Wednesday morning was generally quiet on Wall Street, with many market participants waiting to see what the minutes from the latest meeting of the Federal Open Market Committee will say about the likely direction of U.S. interest rates for the rest of 2019. As of just after 11 a.m. EDT, the Dow Jones Industrial Average […]

Continue reading

Bulls Push Prior Resistance Levels on Fedspeak

U.S. markets traded in a tight range and slightly mixed ahead of the release of the Fed minutes on Wednesday. There was no real surprises in the meeting minutes with the majority of the Fed members seeing no change in rates this year.The major averages were unaffected by the news and closed higher to keep […]

Continue reading