Tech stocks drove the decline in the markets this past week. Hedge funds increase their S&P 500 short bets. Investors await the annual conference of central bankers in Jackson Hole. The E-mini S&P 500 (ES) futures closed the week ended August 19 down 1.2% for the week at 4,228.48, interrupting a four-week winning streak and Read More…
Fed Minutes leave markets unchanged ES trading near the long-term trend line Pullback entries giving positive results on lower time frames Yesterday, August 17, the Fed released its meeting minutes which has left most indices unchanged for the most part. ES futures are approaching the upper trend line, which has held since the start of Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…
Micron, Novavax, and Upstart warn investors of poor future earnings. Investors are waiting to see if US inflation has peaked. Rising bond yields cause the decline of growth stocks pushing stock futures lower. Micron, Novavax, and Upstart have warned investors that future earnings and revenue will be lower than anticipated. The S&P 500 dropped by Read More…
Investors await US jobs data for clues on Fed’s monetary policy. S&P 500 suffered losses in oil stocks as oil prices fell. On the charts, a retest of the 50-SMA could be a possibility as bulls show weakness. The E-mini S&P 500 (ES) futures price remains range-bound ahead of the key US jobs data release. Read More…
