Morning Preview: June 21st, 2017

eOptionDaily Market Insights

U.S. stocks are trading slightly lower, looking to trade down for a second straight day following a recent selloff in oil, which weighed heavily on markets and raised concerns more losses for equities could be in store. Inventory data overnight was mixed as crude posted a weekly drawdown, but gasoline and distillates showed weekly builds (ahead of EIA data this … Read More

Mid-Day Outlook: June 13th, 2017

eOptionDaily Market Insights

Equity resiliency continues to astound, as the Dow Industrials touch a fresh intraday high (traded above 21,300), led by a gain in financials (GS, V lead in the Dow) ahead of tomorrow’s FOMC rate decision, while the technology based Nasdaq Comp rebounds following back to back declines (heavy drop on Friday). All eyes on the Fed, which kicked off its … Read More

Morning Preview: June 13th, 2017

eOptionDaily Market Insights

Stock futures inched higher, looking for its first gain in three days, as investors await tomorrow’s Federal Reserve policy decision. The two day FOMC meeting kicks off today, but results will be released tomorrow afternoon, where a second-rate hike of 2017 is widely anticipated. On Monday, the Nasdaq Composite and the S&P 500 marked a second day of losses, dropping … Read More

Market Review: DOW Ends Day Off Highs After Hitting Record During Comey Testimony

eOptionDaily Market Insights

Equity Market Recap ·      U.S. stocks traded in positive territory most of the session before ending mixed, as energy stocks slipped, though technology (NASDAQ) and Small Caps (Russell 2000) outperformed. Financials played catch-up, while defensive/safe haven assets (gold, bonds) declined, paring recent gains as the testimony by former FBI head James Comey to the Senate panel and details from the … Read More

Mid-Day Outlook: June 8th, 2017

eOptionDaily Market Insights

Equities little changed, trading sideways as markets remain glued to testimony by former FBI head James Comey to the Senate panel now (still ongoing), related to President Trump and Russia. Comey has said that President Trump didn’t ask him to stop the probe of Russian interference in 2016 election. Comey at Senate Intelligence Cmte hearing says he found the conversation … Read More

Market Review: June 7th, 2017

eOptionDaily Market Insights

Equity Market Recap ·      Stocks rebounded late afternoon as the U.S. dollar and equities pushed higher, while Treasury prices fell as traders digested former FBI director James Comey’s opening remarks ahead of Thursday’s anticipated testimony. Stocks moved back into positive territory after Comey said in his statement that he understood Trump to be asking specifically about the Flynn probe and … Read More

Mid-Day Outlook: June 7th, 2017

eOptionDaily Market Insights

U.S. stocks bouncing early following two days of small declines, as investors remain on edge ahead of several key events tomorrow, including former FBI director James Comey’s testimony before the U.S. Senate, the U.K. snap election results and The European Central Bank (ECB) meeting/press conference tomorrow morning (7:45 AM ET/8:30 respectively).  U.S. equities have since come under pressure, led by … Read More

Morning Preview: June 7th, 2017

eOptionDaily Market Insights

Stock futures are very quiet (and have been so the last two days), with major averages still awaiting tomorrow’s raft of news as investors prepare for former FBI head James Comey’s testimony, results of the UK election, and commentary from the ECB regarding rates and its asset purchases. U.S. stocks closed lower Tuesday for a second session as investors exercised … Read More

Morning Preview: June 6th, 2017

eOptionDaily Market Insights

Stock futures are trading lower, edging down after a small decline across the board yesterday amid upcoming geopolitical worries. There are no major economic data points today, and only a handful of earnings, as attention turns to a raft of worries, including former FBI boss James Comey’s testimony to a Senate panel later this week. Defensive assets such as gold … Read More

Morning Preview: June 5th, 2017

eOptionDaily Market Insights

Stock futures are down only a few points in the U.S., despite several Macro factors over the weekend. News was dominated by another terror attack in the UK over the weekend where three assailants in a van mowed down pedestrians, then went on a knife rampage in Borough Market. Seven people died and dozens were injured, 21 critically. Also in … Read More