|Day Low/High||289.03 / 297.00|
|52 Wk Low/High||64.37 / 397.52|
Also, the NFIB Small Business Optimism Index printed at 99.7 for July, still on the strong side, but well below June's print, and well below expectations.
Those rattles you hear on the COVID, Fed and political fronts are reasons to tread carefully in the markets.
Plus, China's central bank plans to cut its Reserve Ratio Requirement and Wells Fargo looks to exit a business line.
Whether this market is mired in a down trend, or is just moving through a 'pressured' up trend is really based on the perspective of the individual investor and how they are positioned.
Financial markets are telling us something, so it seems.
We have to care about this bidding war because there's a lot more woe-is-me going on about stocks right now than there should be.
The 'organic' economy has to take over at some point, and at that point, at least in theory, demand for credit should accelerate.
Wait and see if the 200-day line holds before making a purchase.
Investors have made up their minds what's a reopening trade and what isn't and there's nothing anyone can do to change their minds.
The Fed has probably refined what message that it wants to put forth and has sent the minions out to speak its current version of "truth".
Scarcity may be the most important word right now in describing what's working in the stock market and what's dragging us down.
Plus, we check in on Peloton and Datadog and the Nasdaq Composite Index.
Plus, Kansas City Southern rejects a reported takeover overture.
Should the economy see some organic growth, this stock can run as high as $220.
The railway company appears to be heading toward higher prices.
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...
Equity markets had a tougher day on Wednesday than immediately meets the eye. And did you catch what Trump said?
The rise in equity futures pricing was born of optimism from the president's task force draft guideline on reopening parts of the U.S. economy and Gilead Sciences' somewhat positive results on its remdisivir anti-viral treatment.
BlackRock's doin' it, Microsoft's doin' it, so all traders should think about ESG-based investing.
The tech sector has been the victim of the recent "on again, off again" rotation. That may really just mean that the group has been victimized by its own success.
The rail car maker is likely riding into a slower period of demand for its products, which investors should keep in mind when considering it as a dividend play.
What the Fed needs to do in July is to cut the FFR by 25 basis points and put the balance sheet management (QT) program to bed two months early.