Mid Day Outlook: November 14, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Tuesday, November 14, 17   U.S. stocks slump as tax reform concerns weigh, the dollar falls against most rivals, with the euro hitting multi-week highs on better data out of Europe; energy prices broadly lower after the IEA cut its global oil-demand forecasts, offsetting a more bullish outlook from OPEC released a day earlier; biotech stocks underperform with … Read More

Morning Preview: November 14, 2017

Scott GreenDaily Market Insights

Early Look Tuesday, November 14, 17    U.S. stock futures are flat to down slightly, remaining in a tight holding pattern not far from its record all-time best levels, as pullback fears continued to cast a shadow as markets keep watchful eye on any relevant news about U.S. tax reform plans. Today a big day for macro speakers, as Federal … Read More

Market Review: November 13, 2017

Scott GreenDaily Market Insights

Closing Recap Monday, November 13, 17    Equity Market Recap ·      U.S. stocks ended mildly higher, rebounding from overnight weakness as investors keep their eye on tax plans. The Senate Finance Committee is due to start working on the tax reform bill during the week, while Republicans had initially hoped to hold a final vote on the bill by Thanksgiving next … Read More

Morning Preview: November 13, 2017

Scott GreenDaily Market Insights

Early Look Monday, November 13, 17    Stock futures are pointing to a lower open after the S&P 500 and Dow Industrials posted their first weekly drop in two months last Friday. Last week’s slight pullback was most likely worries about delays in the much-anticipated corporate tax cuts out of Washington, while earnings season begins to wrap up. For the … Read More

Mid Day Outlook: November 9, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, November 9, 17    Equities sink on the open, with major averages posting their biggest declines in months as traders await tax-cut legislation out of Washington. Senate Republicans are expected to unveil their tax bill…but this version may differ from that of House Republicans in part by not fully repealing the estate tax and other factors. A … Read More

Morning Preview: November 9, 2017

Scott GreenDaily Market Insights

Early Look Thursday, November 9, 17    Stock futures are pulling lower, dropping from record highs by all three major averages late yesterday, as markets remain concerned over possible delays to passing Republican tax reform in Washington and as markets await the Senate version of the bill (which is tentatively expected today). Out of Asia, President Donald Trump said China … Read More

Market Review: November 8, 2017

Scott GreenDaily Market Insights

Closing Recap Wednesday, November 8, 17    Equity Market Recap ·      Stocks bounce off earlier lows, once again ending near the best levels of the day as the sectors that had dragged markets lower late yesterday and early today (financials and technology) rebounded off the lows, while defensive/dividend paying sectors also outperformed. Bonds end little changed and the dollar mixed, while … Read More

Mid Day Outlook: November 8, 2017

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, November 8, 17    U.S. equities with modest declines early, pulling back from near record-closing levels as markets await new details out of Washington related to the tax reform proposals (Senate version expected tomorrow according to reports). Defensive/high-dividend stocks leading the way again while technology and financials underperform for a second session. No major economic data for … Read More

Morning Preview: November 8, 2017

Scott GreenDaily Market Insights

Early Look Wednesday, November 8, 17    Stock futures are lower, trading just off record closing levels for the Dow Industrials which eked out another all-time best close late yesterday, while the S&P and NASDAQ posted small declines. The SmallCap Russell 2000 fell over 1% ahead of the Senate tax reform proposal which is expected tomorrow. Weakness in financials and … Read More

Market Review: November 7, 2017

Scott GreenDaily Market Insights

Closing Recap Tuesday, November 7, 17   Equity Market Recap ·      U.S. stocks end mostly lower, slipping throughout the session from intraday record highs, as a pullback in oil prices from 2-year best levels and a sharp downturn in the financial sector was too much to overcome today. The dollar gained and the Treasury yield curve flattened further as markets reacted to … Read More