Investors Digest PMI and Earnings Reports

US index futures are trading flat to down 0.2% as traders pause to catch their breath at the end of a busy week and position for next week’s round of mega cap earnings reports. Overseas, Hong Kong rallied 1.8% and the Dax is up 0.4%, most other major markets have been quiet. Overnight, the Bank […]

Stocks Pause, Bitcoin Retreats as Treasury Yields Climb

US index futures are mixed this morning with NASDAQ futures down 0.5% and Dow Futures up 0.1%. This sluggishness following two days of strong gains for US markets following the Inauguration so far appears to be normal profit-taking. European markets are climbing this morning, with the Dax up 0.3% and the FTSE up 0.2%. The […]

Strong Earnings Keep the Equity Rally Rolling

Between a positive response to President Trump’s first days back in office and another round of positive reports, investors around the world have continued to pile on the equity market bandwagon. NASDAQ futures are up 1.0% while Dow futures are up 0.3%. Netflix* has been the star of the show overnight, soaring 14.6% premarket after […]

US Rally Resumes as Earnings Beat Expectations

US investors are picking up where they left off on Friday, pushing stocks upward. US index futures are up 0.4%-0.6% so far this morning, building on Friday’s gains. Overseas trading has been subdued, particularly in Europe where the Dax, CAC and FTSE are all between -0.1% and +0.1%. The US Dollar is bouncing back today, […]

Canada In Focus On Inauguration Day

US markets are closed for Martin Luther King Day today and being January 20th, it’s also Inauguration Day in the USA. Coming off a strong finish to last week, which saw major US indices close up 0.8% to 1.5%, US index futures are quiet this morning trading flat to down 0.1%. European trading is also […]

Equity Rally Resumes Alongside US Dollar Gains

Preparations continue across world markets for President Trump’s inauguration on Monday, which also is Martin Luther King Day so US markets will be closed. US index futures are up 0.50% to 0.75% heading into the long weekend, unwinding yesterday’s US index losses of 0.1% to 0.9%. Over in Europe, the Dax is up 1.0% and […]

Digest US Retail Sales and Earnings Reports

Coming off an explosive start to US earnings season, which saw major indices rally 1.6% to 2.4%, US index futures are consolidating this morning with Dow Futures down 0.4% and NASDAQ Futures up 0.3%. Over in Europe, the Dax is up 0.3% and the CAC is up 1.9%. The FTSE is up 0.6% as soft […]

Earnings Season Starts With Big Bank Beats

The first day of earnings season finds US bank and asset manager results coming in well above expectations, sparking premarket rallies. Headliners include JPMorgan* ($4.81 vs street $4.09, up 1.1% premarket), Wells Fargo ($1.43 vs street $1.35, up 4.3% premarket), Blackrock ($11.93 vs street $11.24, up 5.0% premarket), Goldman Sachs* ($11.95 vs street $8.21, up […]

Light Inflation Helps Stocks to Rebound

It appears that the recent market correction may have run its course for now. Yesterday the Dow shrugged off early losses to finish with a 0.8% gain although the NASDAQ finished down 0.4%. With the exception of Tokyo which fell 1.8% overnight, overseas markets have been on the rebound, including gains of 2.5% for Shanghai, […]

Stock Selloff and Energy Rally Continue

Equity investors and cryptocurrency traders continue to react negatively to last week’s stronger than expected US Nonfarm Payrolls report. Signs of strength in the US economy have added to speculation that there could be significantly fewer interest rate cuts in the US this year dampening the easy money speculation that had underpinned 2024 gains in […]