All posts by Todd Mitchell

Argentina just suffered the 2nd-biggest crash since 1950 for any stock market — and the nation is again on the brink of a financial crisis

financial crisis

Argentina is teetering on the brink of a financial crisis after its current leader, President Mauricio Macri, was defeated by a left-wing opponent in the country’s primary elections over the weekend by a greater than expected margin.   The stunning loss sent Argentine markets reeling. The S&P Merval Index plummeted 48% Monday, the second-largest single-day drop […]

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Stocks jump led by Apple after US delays some China tariffs

tariffs

Stocks soared on Tuesday after the U.S. decided to delay tariffs on certain Chinese goods while outright removing some items from the tariff list, reigniting hopes Washington and Beijing could reach a long-term resolution. The Dow Jones Industrial Average, which jumped as much as 529 points, finished the day 372.54 points higher, or 1.44%, at 26,279.91. […]

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Dow drops nearly 400 points. Trade war fears just won’t go away

trade war

Wall Street’s trade war anxiety isn’t going away.The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets.The turmoil comes as investors brace for the US-China trade war to deal more damage to the global […]

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A trading issue impacted US stock quotes late in the day as Dow flatlined into the close

U.S. stock

The U.S. stock market’s consolidated quote system, which feeds real-time data feeds to data providers and is used to calculate index values, experienced a processing issue that resulted in some delayed quotes, according to exchange officials familiar with the matter. The Nasdaq market flagged an issue affecting the quote system about 24 minutes before the close. Some […]

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More Monday Blues

U.S. markets showed weakness for the 3rd-straight Monday as chatter over the trade war with China was back in the spotlight. President Trump again lowered hopes for a truce in the trade war with China, saying that he would be fine if trade talks scheduled for September do not happen.The Dow was down 1.5% after […]

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Bears Take Volatile Week

investors

U.S. markets were weak on Friday’s open following more uncertainty over trade developments with China. President Trump said the U.S. is not ready to strike a trade deal with China and that the U.S. government will no longer have any dealings with a major Chinese telecom company. The ongoing dispute led to another volatile session with […]

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Automakers trim production as market weakens – but hope to avoid wholesale cuts of a decade ago

production

General Motors will trim production of the Chevrolet Equinox SUV at two North American car plants, a move that follows cuts announced by Ford, Honda and other manufacturers. Automakers are facing what is only the second down market since the end of the Great Recession and the record sales that followed. How far down demand will […]

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Predicting what happens next in stocks will get trickier this fall when markets navigate a roller coaster of big events

global financial markets

Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march toward Brexit, and more.But here’s a surprise: things just might start to look […]

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JP Morgan’s top stock market analysts say hold on tight and buy this market dip

trade-war

For investors fearful of more trade-war bombshells, the worst is over and it’s go time, according to J.P. Morgan.That’s the joint view of Marko Kolanovic, the bank’s quant guru who’s been dissecting the market’s every twist and turn, and Dubravko Lakos-Bujas, J.P. Morgan’s chief U.S. equity strategist who takes a fundamental approach. The two are […]

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Like clockwork, the dog days of August bring anxiety for stock market investors

stock market

The stock market has plenty of excuses for its recent roller-coaster ride that has left it about 3% below the record high it touched in late July. President Donald Trump escalated a trade war with new tariffs on Chinese imports and Beijing retaliated by devaluing its currency. The Federal Reserve cut interest rates last month but not […]

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