John Gladston Stocks are hoping to bounce back today after a two-day selloff. As the market remains fixated on trade talks, the strength of the global economy, and the Federal Reserve Bank. And up until yesterday, it’s been a frustrating market to trade. Now, success can be a double-edged sword. It can sometimes make you cocky and … Read more
The two main questions that are concerns traders now are: Will the U.S. reach a trade deal with China (and will it happen at the G-20 summit)? Is the Fed really going to cut interest rates like the market is predicting it will? Now, we could get answers to these questions by the end of … Read more
Stocks closed lower again today, after another large bank came out and said they don’t believe there will be a fed rate cut this year. “We don’t expect a rate cut soon” according to UBS global chief investment officer, Mark Haefele. It comes a day after Goldman Sachs more or less uttered the same words. … Read more
Stocks have given up their early morning gains, as it appears that the market is running out of steam. However, that should be expected, given the rally the market saw the last week. That said, I believe that the upcoming G-20 meeting (trade talks), and the FOMC announcement (interest rate decision), are going to keep … Read more
Stocks are set to open lower this morning, as it appears that the market has priced in the upcoming interest rate cuts which are expected to be made by the Fed over the next few months. That said, traders will be shifting their attention to the G-20 summit, which is set for June 28-29. Some … Read more
Stock futures are pointing to a higher open this morning. And just like that, the market appears to be making another run to all-time highs. What a wild, choppy, news-driven market its been over the last month…making it a tough market to trade. As for me, I was finally able to string some good trades … Read more
Stocks are hoping to finish in the green for a 7th straight session, as the S&P 500 is approaching its highest levels since May. And as bleak as things looked just 2-3 weeks ago, it appears that this market is going to make another run at all-time highs… But to be fair, it doesn’t really … Read more
Stocks are getting another boost today, as positive trade news dominate headlines. That said, the U.S. suspended plans to tariff Mexico over the weekend, which also gives hopes that a U.S.-China trade deal can be resolved soon. As for me, I don’t even bother that much with news except skim the headlines. Why? I don’t … Read more
If you don’t think politics and policy influence the market, then you’re sadly mistaken. A weak jobs number on Friday has virtually guaranteed that the Fed will be cutting rates this year, not once, not twice, but possibly three times. That said, the market reacted by posting its best weekly gains of 2019… the Dow … Read more
The stock market closed scorching hot on Friday…and finished with its best weekly gains of 2019. The S&P 500 surged by 4.4% and the Dow gained over 1300 points on the week. Thanks to a dovish Fed and some weak economic numbers. Now, I like to brag about how momentum stocks often trade on their … Read more