Stocks Rebound on Positive Inflation and Earnings News
US markets are rebounding this morning after President Trump’s speech last night, which focused primarily on the economy, tax refunds, and a Christmas bonus for members of the military. Index futures are up between 0.1% and 0.8%, led by the NASDAQ. Technology stocks are bouncing back after Micron Technology beat expectations last night ($4.78 vs […]
Traders Turn Cautious as Focus Turns to Tech Earnings
Please note: The Morning Minutes will not be issued tomorrow. They should return on Monday, December 15th. The Fed meeting has come and gone, leaving mixed signals. While the FOMC did cut rates by 0.25% as expected, there were two hawkish dissenters and one dovish dissenter. The dot plot forecast for 2026 suggested that the […]
Silver Soars Ahead of Today’s Interest Rate Decisions
The big day for North American central banks has arrived. At 9:45 am EST, the Bank of Canada is expected to maintain its benchmark interest rate at 2.25%. At 2:00 pm, the Fed is expected to cut the Fed Funds rate by 0.25% to 3.75%. At that time, FOMC member projections are released, including the […]
Steady Markets Await Wednesday Decisions
Coming off of a soft Monday that saw US indices slide 0.1%-0.4%, US index futures are flat this morning. Overnight trading was mixed with the Hang Seng falling 1.3%, the Nikkei gaining 0.1%, the Dax rising 0.2% and the FTSE flat. Currencies are quiet so far today. Precious metals are on the rise with Gold […]
Canada Jobs Crush Expectations Again
It’s not often we see a major merger announced before the weekend, but here we go. Netflix has agreed to buy key assets from Warner Bros. Discovery for $72B, or $27.75 per share, split $23.25 in cash and $4.50 in NFLX shares. The planned spinoff of the Discovery Global TV empire will proceed, meaning Netflix […]
Technology Rally Slows as US Holidays Approach
Coming off a spectacular surge for US tech stocks, that saw the NASDAQ pop 2.7% as the AI trade roared back to life, overseas markets have been posting more moderate gains. The Hang Seng rose 0.7%, the Nikkei was flat, the DAX is up 0.6% and the FTSE is up 0.4%. US index futures are […]
Mixed Pre-Thanksgiving Trading
The US holiday-shortened final week of November is off to a mixed start with traders continuing to digest the recent correction in AI-related stocks and continuing to speculate on whether the Fed will continue cutting interest rates or not next month. Building on Friday’s rebound that saw US indices gain 0.9%-1.0%, US index futures are […]
Fed Speculation Drives Big Market Reversals
It has been a roller coaster 24 hours for global markets, particularly risk and AI plays. Yesterday’s early enthusiasm around strong Nvidia earnings completely fell apart and stocks across several sectors staged big bearish reversals. A positive start turned into a rout as the NASDAQ lost 2.1% and the Dow dropped 0.9%. The catalyst for […]
Stocks Stabilize as Traders Await Nvidia Earnings
The correction in AI related stocks continued yesterday, pulling US indices down between 1.0% and 1.2%. In overnight Asia Pacific trading, the Nikkei and the Hang Seng also declined between 0.3% and 0.4%. This morning, stocks appear to be stabilizing. NASDAQ futures are up 0.2%, Dow futures are up 0.1%, the DAX is up 0.3%, […]
Stocks Keep Sliding as Home Depot Disappoints
Yesterday’s retreat in US markets, which saw major indices fall 0.8% to 1.2%, has continued overnight and into this morning. US index futures are down another 0.6%-0.7%, while overseas, the Nikkei plunged 3.2%, the Hang Seng fell 1.7%, the DAX has dropped 1.5%, and the FTSE has fallen 1.4%. Crude Oil is flat in commodity […]