Market Dashboard Holds Steady As Stocks See Worst Week of the Year

Weekly Market Summary Politics took center stage this week in the hearts and minds of investors and traders as House Republicans tried, and failed, to pass a replacement for the Affordable Care Act, also known as Obamacare. After postponing the vote on Thursday, House Republicans received an ultimatum from President Trump to vote or move…

 

Bearish Momentum Picking Up Steam

Weekly Market Summary The biggest story-non-story of the week was the Federal Reserve’s announcement that it was raising its benchmark interest rate by 25 basis points (0.25%) to the range of 0.75% to 1.0%. This was the third interest rate hike in a decade, but the second since December. This seems to signal that the…

 

Market Dashboard Shifts Into Neutral

Weekly Market Summary President Trump, the economy and the Federal Reserve played pivotal roles in the U.S. stock market this week. Stocks were basically flat to start the week in anticipation of Trump’s first address to a joint session of Congress. A slightly disappointing gross domestic product reading cooled stocks on Tuesday, but they came…

 

As Dow Hits 30-Year Bullish Streak, Cracks May Be Forming in Market Rally

Weekly Market Summary U.S. indexes continued their upward march this week, although there may be some indications that the momentum generated by rhetoric from President Trump may need actual policy statements for it to continue. Traders will be watching the President’s address to Congress on Tuesday for more details about his agenda. The Dow Jones…

 

U.S. Markets Continue to Climb, Triggering Potentially “Ominous” Signal

Weekly Market Summary Renewed promises from President Trump of a new tax plan and generally positive economic and earnings data sent U.S. stocks upward again this week. In fact, this week the Dow Jones Industrial Average (DJIA), S&P 500 and Nasdaq Composite notched intraday highs in each of the last six sessions. According to Schaeffer’s…

 

Hint of Upcoming “Phenomenal” Tax Announcement Sends Indexes to New All-Time Highs This Week

Weekly Market Summary Fiscal and monetary policy, as well as employment data, guided the market this week. Comments from President Donald Trump promising the release of a “phenomenal” tax announcement in the next “two or three weeks” sent shares soaring to new all-time highs on Thursday and carried over to Friday. In addition, St. Louis…

 

Bears Continue to Advance as Market Momentum Stalls

Weekly Market Summary Investor optimism waned this week following several controversial executive orders from President Trump. Chief among them was a move to restrict immigration from seven majority-Muslim countries, which sent airline and technology stocks falling. The technology industry decried the Trump administration’s temporary travel ban, expressing concerns about the effects the restrictions would have…

 

Bears Gain Ground as Trump Presidency Begins

Weekly Market Summary On Friday, Donald J. Trump was sworn in as the 45th President of the United States. Leading up to Inauguration Day, the “Trump Rally” had been losing its momentum, with the Dow Jones Industrial Average posting five straight losses before rising on Friday. In addition, Over the 10 trading days through Thursday,…

 

Bears Gain Ground as 2016 Draws to a Close

Weekly Market Summary U.S. stock markets ended 2016 on a bit of a losing streak, capping off what was otherwise an impressive year for stocks. The Dow Jones Industrial Average (DJIA) lost 0.9% this week to close at 19,762.60, snapping its historic weekly win streak. The blue-chip index’s short-lived foray above 20,000 has us viewing…