All posts by Todd Mitchell

The US could be locked in a ‘Forever Trade War’ that no one sees coming

trade war

A lot of market commentary sees tariffs and the trade war as temporary events. A U.S.-China trade deal, the thinking goes, will sound the “all clear” signal for markets and the economy.But there are indications that we may be in for a longer, more protracted set of trade battles: a Forever Trade War that could […]

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Boeing’s stock drags Dow down as surprise production cuts spook market

boeing

Shares of Boeing Co. sank Monday, after the aerospace giant’s surprise announcement of production cuts suggests the negative effects of the 737 MAX groundings could last longer and be more widespread than previously expected. Boeing’s stock BA, -1.61% fell 4.4% in afternoon trade, to pace the Dow Jones Industrial Average’s DJIA, -0.82% decliners. The price decline of $17.41 chopped […]

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S&P 500 Up 8-Straight Sessions

U.S. markets were sluggish throughout Monday’s action after spending much of the session underwater despite ongoing and encouraging trade talks with China. Top economic adviser of the White House, Larry Kudlow, said he expects a lot of teleconferencing to take place this week, with U.S. and China getting closer and closer to a trade deal.Kudlow […]

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Trader who called bitcoin’s 84% decline in 2018 now sees $50,000 price target

The world’s largest cryptocurrency by market cap broke above the $5,000 mark for the first time since November and has so far sustained its rally, prompting some analysts to declare an end to the so-called “crypto winter.”The renewed run has emboldened some analysts to make new calls, including one from a technical trader who correctly […]

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Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-selling

short-selling

Lyft has threatened litigation against Morgan Stanley, accusing the firm of supporting short-selling for investors who are subject to lock-up agreements. In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors bet against the stock. CNBC reviewed a copy […]

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Why the remarkable stock market recovery could just be getting started

market recovery

US stocks are closing in on all-time highs. And stock market bulls don’t expect to be disappointed anytime soon. The first quarter was phenomenal for markets, which have been trending higher on optimism about the Fed’s dovish turn and a potential trade deal between Washington and Beijing. The end result? Fallout from last year’s late, chaotic selloff […]

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Bulls Snag 2nd-Straight Weekly Win

major indexes

U.S. markets closed higher for the 2nd-straight week following a positive Friday and progressive trade talks with China along with a goldilocks jobs report. President Trump said the two sides were making swift progress in trade talks, adding we should know over the next 4 weeks if an agreement can be reached.Chinese Vice Premier Liu […]

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S&P 500 Up 6-Straight Sessions

U.S. markets traded in a narrow range while finishing mixed on Thursday as ongoing trade talks that included President Trump continued after the closing bell. There is chatter the Trump administration is demanding to set a 2025 target for China to meet trade pledges.Additionally, President Trump could schedule a meeting with President Xi of China, […]

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US, China make progress on trade, but enforcement is still a big sticking point

Trade Negotiations

The U.S. and China moved closer to a trade deal during talks this week, but negotiators still need to hammer out some sticking points as they push for a final summit between President Donald Trump and Chinese President Xi Jinping, an administration official told CNBC. A Chinese delegation led by Vice Premier Liu He met with […]

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Tesla stock roiled by ‘ugly’ delivery numbers

tesla

Tesla Inc. shares fell more than 8% on Thursday as Wall Street analysts used some choice words to describe their dismay at the car maker selling fewer-than-expected vehicles in the first quarter. “Ugly,” ”weak” and “disappointing” featured in initial notes, as the miss fueled renewed doubts about Tesla’s future profitability, growth and cash position. At their lowest […]

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