Select Page
It’s still a “Central banks to the rescue” mentality in the financial markets

Markets climb–it looks like short-covering to me

As of 1 p.m. in New York the Standard & Poor’s 500 was up 1.61% and the Dow Jones Industrial Average was ahead 1.59%. The NASDAQ Composite had climbed 1.94% and the Russell 2000 small cap index had gained 1.68%. Overseas the iShares MSCI Emerging Markets...
Beijing tries to control Shanghai downside drop on Monday

Beijing tries to control Shanghai downside drop on Monday

The big event of the week will take place at the very beginning of the week when the Shanghai Stock Exchange reopens for trading after being closed for a week for the New Year’s holiday. Mainland Chinese investors have been left on the sidelines unable to trade...
China changes the way it counts coronavirus cases resulting in 13,300 more cases–and nobody really knows what this means

Tomorrow will be pivotal day for short-term momentum

U.S. markets continued to show a muted recovery from fears of the coronavirus outbreak today. The Standard & Poor’s 500 closed up 0.31% after spending time in the early afternoon in the red. The Dow Jones Industrial Average finished up 0.43% and the NASDAQ...