Mid-Morning Look: August 15, 2018

Terrie AmengualDaily Market Insights

***Please note this will be the last “Mid-Morning Look” for the week and will resume on Monday August 20th*** Mid-Morning Look Wednesday, August 15, 2018   U.S. equities in straight sell-mode, falling to lowest levels since the start of the month following weakness in retailers despite better results from Macy’s, while tech is hit by another round of disappointing earnings in … Read More

Morning Preview: August 15, 2018

Terrie AmengualDaily Market Insights

***This will be the final Early Look note of the week. Early Look will return on Monday August 20th*** Early Look Wednesday, August 15, 2018   U.S. stock futures are pointing to a sharply lower open, ahead of a busy morning of economic data reports and as markets continue to monitor the ongoing crisis in Turkey that has sent the Lira … Read More

Market Review: August, 14, 2018

Terrie AmengualDaily Market Insights

***Please note this will be the last “Closing Recap” note for the week – Closing Recap Tuesday, August 14, 2018 Equity Market Recap · U.S. stock averages finished Tuesday with strong gains as the Dow Industrials climbed over 100 points, while the S&P 500 index gains were broad, snapping the 4-day losing streak for each. The Russell 2000 SmallCap index … Read More

Mid-Morning Look: August 14, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Tuesday, August 14, 2018 U.S. equities open higher, recovering after yesterday declines, as the S&P 500 and Dow Industrials look to snap their recent 4-day losing streaks. Major averages had risen to near record highs last week (and in some cases topped those levels), but have recently spun lower on contagion fears/fallout from the recent slide in Turkish … Read More

Morning Preview: August 14, 2018

Scott GreenDaily Market Insights

Early Look Tuesday, August 14, 2018 Stock futures are on the rise, looking to erase yesterday’s declines following better-than-expected quarterly earnings from Dow component Home Depot and as declines in Turkey’s markets and currency abated. This morning, global markets are rising as the Turkish Lira rebounds off all-time lows against other currencies, climbing more than 6% after falling roughly 40% … Read More

Market Review: August, 13, 2018

Terrie AmengualDaily Market Insights

Closing Recap Monday, August 13, 2018 Equity Market Recap · U.S. stocks close lower for a 4th straight day, though rebound off the lows, tracking the rebound in energy stocks after oil prices bottomed and bounced (though still closed lower). The CBOE Volatility index (VIX) edged higher, rising as much as 10% (touching the 15-level) as markets remain on edge … Read More

Mid-Morning Look: August 13, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Monday, August 13, 2018 After trading lower in the overnight session given concern/impact from the recent Turkish Lira and stock market declines, U.S. equities are rebounding led by gains in technology, health care companies and retailers. Asian markets fell overnight, while European markets were slightly lower. The Nasdaq Composite outperforms early, looking to rally after having its 8-day … Read More

Morning Preview: August 13, 2018

Scott GreenDaily Market Insights

Early Look Monday, August 13, 2018 Stock futures point to a lower open to start the week, once again tracking its European and Asian counterparts lower amid sell-off fears about the potential contagion from Turkey’s problems, especially in the banking sector in Europe related to the Turkish Lira plunge. The Turkish central bank pledged to provide “all the liquidity the … Read More

Mid-Morning Look: August 10, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Friday, August 10, 2018 A surprisingly busy morning of news, with U.S. stocks tracking its European and Asian counterparts lower, as mounting currency crisis in Turkey raised concern for possible contagion into other markets. Overnight, the Financial Times reported that the Eurozone’s chief financial watchdog had become concerned over exposure of the zone’s major lenders to Turkey, especially … Read More

Morning Preview: August 10, 2018

Terrie AmengualDaily Market Insights

Early Look Friday, August 10, 2018 Stock futures in the U.S. are pointing to a lower open, tracking weakness in Europe and Asia on mounting concerns that Turkey’s currency crisis will hurt eurozone bank as the Turkish Lira makes another record low (fell as much as 13%). The euro fell to a 13-month low on Friday, dropping below the 1.15 … Read More