Earnings Season Resumes With Big Beats

Bitcoin has paused just short of $90,000 this morning to consolidate yesterday’s big gain. Gold, which had sold off as Bitcoin sucked up all the oxygen in the alternative currency market, has stabilized just above $2,600/oz. The advance in US indices also appears to be taking a break with US index futures trading down 0.1%-0.2%. […]

Europe and Bitcoin Rally To Start the Week

European markets have kicked off the new trading week in rally mode with the Dax up 1.4%, the CAC up 1.2% and the FTSE up 0.7%. Positive momentum has continued into early North American trading where US index futures are up 0.4%-0.5%. Bond markets are closed for Remembrance Day / Veterans Day and there are […]

Stocks Consolidate as Focus Turns to Central Banks

US equities are consolidating yesterday’s big post-election rally which saw the big cap S&P 500 gain 2.5% and the small cap Russell 2000 soar 5.8%, with index futures up 0.2% to 0.5% this morning. Over in Europe, the Dax is up 1.4% on indications the country’s leading political coalition is fracturing and an election may […]

US Stocks and Dollar Soar on Trump Sweep

Most of the US election results are in and Donald Trump has won both the electoral vote and the popular vote. In addition, the Republicans have gained control of the Senate and are close to keeping control of the House, a clean sweep. US index futures are soaring on the news suggesting that investors see […]

Election Day in the USA

US voters head to the polls today in the long-awaited Presidential Election. Traders appear to be in a positive mood so far. US index futures are up 0.1%-0.3%, clawing back some of yesterday’s US index losses of 0.3%-0.6%. The US 10-year treasury note yield is holding steady near 4.30%. The US Dollar is giving back […]

Oil Rallies as a Big Week For Markets Begins

Over the weekend, OPEC+ announced that reductions to production cuts which had been planned for December (originally October) have been postponed again. This news, has ignited a 3.1% rally in the US Crude Oil price pushing it back up above $71.50/bbl and a 2.9% rally in the price of Brent Crude pushing it back up […]

Stocks and Oil Bounce Back Amid Mixed Earnings Reports

Coming off a disappointing end to October that saw the S&P 500 lose 1.8% and the NASDAQ drop 2.8%, stock markets are attempting to mount a comeback this morning. US index futures are up 0.3%-0.5%, while in Europe, the Dax is up 0.6% and the FTSE is up 0.9%. Capping off a big week for […]

A Chilly Start To Halloween Trading

It has been a spooky Halloween morning for equity investors so far. US index futures are down 0.5% to 0.7% with NASDAQ futures leading the way downward following a negative market reaction to technology sector earnings. European markets are also down across the board including declines of 0.5% for the Dax, 0.7% for the FTSE […]

Earnings Reports Spark Big Stock Moves; Europe Sells Off

Overnight earnings reports have been mixed. Alphabet’s big beat ($2.12 vs street $1.84, up 6.6% premarket) has helped to prop up the NASDAQ. Other companies that beat expectations include Visa ($2.71 vs street $2.58, up 2.4% premarket). Several companies had disappointing numbers including: Advanced Micro Devices (down 7.5% premarket) Eli Lilly ($1.18 vs street $1.45, […]

Crude Oil Rebounds; Earnings Season Resumes

US index futures are trading flat to down 0.3% this morning, essentially consolidating yesterday’s gains of 0.25% to 0.6%. In European action, London, Paris and Frankfurt are flat to up 0.2%. The US 10-year treasury note yield continues to creep upward, clearing 4.30%. The US Dollar is steady to up 0.25% against the other majors. […]