Daily Market Updates

December 27, 2018

High volatility continues to be the theme with a record setting decline on Christmas Eve being followed by a record setting advance yesterday and this morning it was once again down with the Dow plunging to a 600 point loss late morning before a rally erased the entire loss by the close and the more widely followed S&P 500 is now up 3% for the week. At the close: DOW +260 to… Read More ›

December 26, 2018

We saw the worst Christmas Eve market performance in history on Monday and the markets were closed yesterday for the Christmas holiday. But Wall Street reminded investors today that buyers do come in to the markets in oversold conditions. The major indices saw one of its best single days to the upside in todays’ trade with the Dow Jones melting up and closing over 1000 points higher. In economic news this morning,… Read More ›

December 21, 2018

Stocks sank for a third consecutive day, exacerbating a week-long equity exodus that has pushed the Nasdaq Composite Index into a bear market and put the SP500 and Dow in position for its worst December since the Great Depression. The Federal Reserve’s rate hike on Wednesday drove the losses and fears of an extended government shutdown only added to the pain. The markets did open in the green and moved over 300… Read More ›

December 20, 2018

US stocks fell for another day as investors are still processing the Federal Reserve’s decision to raise benchmark interest rates yesterday and said that it would continue to let its massive balance sheet shrink at the current price. Fears of a government shutdown also sent stocks tumbling to new lows with the President not agreeing to sign a budget resolution that didn’t include the $5 billion to build the US-Mexico border wall… Read More ›

December 18, 2018

Stocks struggled make a full rebound today, though they did try, as the major indices erased early gains and the SP500 hit a new low for the year. The main culprits of the day pointed to growing fears of a government shutdown, a slide in oil prices and worries the Federal Reserve is going too far with its rate-hiking plans. The Feds began their 2 day policy meeting with an expectation by… Read More ›