Morning Briefing
Oil is up but cyber security stocks up more on Iran crisis
As of 2 p.m. New York time today, January 6, U.S. crude benchmark West Texas Intermediate was up 0.17% to $63.16 a barrel. Â International benchmark Brent crude was ahead 0.34% to $68.83 a barrel. Both increases came on worries that Iran's retaliation for the U.S....
Iran will strike back but market doesn’t know how
The market reaction to the death of Iran's Major General Qasem Soleimani, commander of the Quds Force of the Iranian Revolutionary Guard and mastermind of Iran's military terrorism effort, in a U.S. drone strike was curiously muted today. Yes, oil prices climbed...
Stocks start 2020 in melt-up mood
We've seen this before. And investors and traders seem determined to keep a good thing going--until it doesn't work anymore. Today, January 2, the first trading day in the new year for U.S. markets, stocks were off to the rally races again. The Standard & Poor's...
2019 goes out with a hurrah!
Today, December 31, all 11 of the sectors that make up the Standard & Poor's 500 closed higher for the year. That's the first time that's happened since 2010. For the year the S&P 500 itself gained 29%. The Dow Jones Industrial Average rose 22.3%. The NASDAQ...
A lot of data for a short holiday week
Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for...
Little stock market movement by the close today is actually a good sign
The Standard & Poor's 500 closed dead even for today December 27. The Dow Jones Industrial Average was head just 008%. The NASDAQ Composite slipped 0.17% and the Russell 2000 small cap index was off 0.62%. The iShares MSCI Emerging Markets EFT (EEM) was up by...U.S. consumers deliver the sugar plums for holiday shopping
Amazon (AMZN) reported today, December 26, that the holiday shopping season broke records for the company this year. Among other high-lights five million new customers started Prime free trials or paid memberships globally, and the number of items delivered with...
Tariff news from China today should be enough to feed rally in holiday markets
We've got two short weeks coming up--since the New York markets are closed this week for Christmas and next week for New Year's--when trading volumes shrink and it doesn't take much in the way of news to move stocks up or down. I think we got that dose of "sufficient...
India’s central bank flashes warning sign for all global financial markets
Of course, the Reserve Bank of India didn't mean to issue a warning to all global financial markets. The minutes of the central bank's December 3-5 meeting, released today, focus on the need to hold its benchmark interest rate at 5.15% after delivering 135 basis...
IMF raises China growth forecast on announcement of Part 1 U.S.-China trade deal
The new head of the International Monetary Fund, Kristalina Georgieva, has told China's Caixin Global news service, that she expects the Part 1 agreement to boost China's GDP growth to 6% in 2020. That would be an increase from the IMF's previous projection of 5.8%...
Market enthusiasm over Boris Johnson’s Brexit victory lasts all of a day
The pound got pressed hard today, slumping by the most since January and hitting a new low for the day in afternoon trading in London. The pound was down 1.5% against the dollar (at $1.3132) and 1.4% against the euro. The FTSE 250 fell by as much as 1.7% as domestic...Jim’s Stock Alerts
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