All posts by Todd Mitchell

As Wall Street rallies on US-China trade hopes, bond investors may be worried about a recession

recession

The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings. However, the bond market is a different story. There, investors still perceive uncertainty, and even a possible recession lurking.”One of these markets is going to be wrong, and it’s hard to […]

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Global Stocks Edge Higher as U.S.-China Trade Talks Progress

U.S.-China trade negotiations

Global stocks rose Monday as investors eyed the next steps in the U.S.-China trade negotiations. Following a rally in Asia, where Hong Kong’s Hang Seng rose 1.6%, the Stoxx Europe 600 added 0.1%. U.S. markets were closed for the Presidents Day holiday. Dow Jones Industrial Average futures were up 0.1%. The Dow last week notched its […]

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Bulls Extend Win Streak to 8-Straight Weeks

U.S. markets continued their strong start for the year following Friday’s rally that extend the overall winning streak to 8-straight weeks. Ongoing progress regarding trade talks with China help fuel the breakout to prior November highs and the negotiations now moving to Washington D.C. next week.​ President Trump said the trade talks with China are […]

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Dow jumps 350 points on trade hopes, heads for 8th straight weekly gain

equities

Stocks surged on Friday amid increasing hopes for a U.S.-China trade deal as equities were on pace to post another solid weekly gain. The Dow Jones Industrial Average jumped 350 points as J.P. Morgan Chase and United Technologies outperformed. The S&P 500 gained 0.96 percent, led by the energy and industrials sectors. The Nasdaq Composite advanced […]

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Gold Futures Currently Higher After Trading To A New Two-Week Low

trading

As of 5:30 PM Eastern standard time, gold futures basis the most active April contract is trading $.70 higher and currently fixed at $1315.30. Although gold futures are exhibiting extremely fractional gains on the day, there is over a $10 differential from the lows achieved last night.New York gold traders witnessed pricing trade to a […]

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Tech, Small-Caps Up 5-Straight Sessions

U.S. markets were showing strength ahead of Thursday’s open amid continued hopes that the U.S./ China trade war will deescalate along with optimism that a 2nd partial government shutdown would be averted. However, a lousy retail sales report derailed momentum with futures turning from green to red.​​ The weakness lasted throughout much of the morning […]

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Goldman Sachs is backing off the investing thesis it’s held for the past two years

investing thesis

A more accommodative Federal Reserve and the prospects for stable economic growth ahead have promoted Goldman Sachs to close a popular trade that it has backed for the past two years. Companies with low levels of debt compared with capital have been major outperformers since late 2016 just as the Fed was getting its rate-hiking cycle […]

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Former JPMorgan Exec Becomes New CEO of Blockchain-Based Commodity Trading Platform Vakt

CEO

Former JPMorgan Chase executive Etienne Amic has been appointed as new CEO at Vakt, a blockchain-based commodity post-trade platform, according to a press release shared with Cointelegraph on Feb. 13. Having served as a managing director at both JPMorgan Chase and Mercuria Energy Trading S.A., Amic is expected to bring direct experience in commodities trading to […]

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S&P 500 Holds 200-Day Moving Average

U.S. markets showed continued momentum over U.S. and China trade talks and increasing optimism that the government will not be partially shutdown. However, government funding is not a done deal, with President Trump sending mixed signals on a bipartisan border security deal reached by lawmakers.​​ Word that President Trump may meet with President Xi in […]

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Nvidia Reports Earnings With the Stock Trading in a Buy Zone

buy zone

Nvidia Corp had been one of the strongest momentum stocks since February 2016 but the stock crashed since setting its all-time intraday high of $292.76 on Oct. 2. The stock is now in a buy zone between my weekly value level of $143.86 and my monthly risky level at $156.41. The stock closed Tuesday at $151.17, […]

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