Mid-Morning Look: December 10, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Monday, December 10, 2018 U.S. equities are picking up where they left off on Friday, moving sharply to the downside amid lingering trade tensions, weakening import/export data on the Chinese economy and uncertainty regarding the UK Brexit as the dollar rallies vs. the pound (1% move). UK Prime Minister said deferring the vote on her Brexit deal that … Read More

Morning Preview: December 10, 2018

Scott GreenDaily Market Insights

Early Look Monday, December 10, 2018 Global stocks drop, extending last week’s declines after China asked the U.S. ambassador to protest the arrest of Huawei’s CFO while Chinese manufacturing data disappointed. The pound stayed near its intra-day low (below $1.27) as Prime Minister Theresa May was said to pull vote on her Brexit deal according to reports. Her spokeswoman said … Read More

Market Review: December 7, 2018

Terrie AmengualDaily Market Insights

Closing Recap Friday, December 7, 2018 Equity Market Recap · U.S. stocks were absolutely pummeled on the day and week, as the Dow fell as much as 650 points or over 2.75%, the Nasdaq fell more than -230 points or over 3% (dropping back below the 7,000 level) and the benchmark S&P 500 index fell over 70 points turning negative … Read More

Mid-Morning Look: December 7, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Friday, December 7, 2018 U.S. equities open the day mixed, with energy stocks helping pace the gains in the S&P and Dow, while China trade tensions concerns linger, weighing on tech stocks (semis, opticals). However, stocks have since reversed lower, trading around the worst levels of the morning. After a promising start to the week, with global markets … Read More

Morning Preview: December 7, 2018

Terrie AmengualDaily Market Insights

Early Look Friday, December 7, 2018 U.S. stock futures are pointing to a lower open, on track for weekly losses ahead of another big day of potential market moving catalysts. Big news is expected in the form of Nonfarm payrolls, with estimates of 198,000 jobs added in November, down from 250,000 in October, showing a moderating but still strong pace … Read More

Market Review: December 6, 2018

Terrie AmengualDaily Market Insights

Closing Recap Thursday, December 6, 2018 Equity Market Recap · U.S. stocks slumped sharply for a second day as the sell-off in risk assets persisted with concern of increasing China/US trade tensions peaking overnight after Canada’s arrest of the Huawei CFO and reports it may extradite her to the U.S., adding to already fragile sentiment. Fears that the rate of … Read More

Mid-Morning Look: December 6, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Thursday, December 6, 2018 Global equities weaker across the board, selling off on renewed concerns over trade tensions between the U.S. and China following the arrest of Huawei’s CFO in Canada at the U.S. request for allegedly breaking Iran sanctions. China promptly reacted with outrage after the news broke, demanding that both countries move to free Meng. The … Read More

Morning Preview: December 6, 2018

Terrie AmengualDaily Market Insights

Early Look Thursday, December 6, 2018 U.S. stock futures tumble overnight amid renewed concerns of increased China/U.S. tensions following the arrest of Huawei’s CFO in Canada at the U.S. request for allegedly breaking Iran sanctions. Also adding to market turmoil, a 4% pullback of WTI crude over uncertainty surrounding OPEC production cuts at its meeting in Vienna today as well … Read More

Market Review: December 4, 2018

Terrie AmengualDaily Market Insights

Closing Recap Tuesday, December 4, 2018 Equity Market Recap · The recent rally in U.S. stocks (up about 5% over the last week heading into today) fizzled out in a big way, as investors grew skeptical that the U.S. and China made any meaningful breakthrough. The U.S. Treasury curve spread from 2-year to 10-year yields extended its collapse, breaching 10bps … Read More

Mid-Morning Look: December 4, 2018

Terrie AmengualDaily Market Insights

Mid-Morning Look Tuesday, December 4, 2018 U.S. equities are taking a breather after rising over 5% the last week or so following the truce between the U.S. and China as it relates to trade/tariffs being delayed, as well as the dovish take on interest rates by Fed Chairman Powell last week at the central bank meeting. The White House confirmed … Read More