Morning Preview: October 8, 2018

Scott GreenDaily Market Insights

Early Look Monday, October 8, 2018 U.S. stock futures are on track to open the week lower, dragged down by weakness in Asia as the Chinese Shanghai Index dropped over 3.7% despite the latest rate cut by the People’s Bank of China while European markets edge lower on Italian budget fears yet again. Italian bonds were under selling pressure, pushing … Read More

Market Review: October 5, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, October 5, 2018 Equity Market Recap · U.S. stocks dropped sharply for a second straight session, with major averages breaking or testing key technical levels today as markets continue to digest the spike in borrowing costs this week, trade issues with China, a strong economic outlook after better data this week (minor hiccup from the headline jobs … Read More

Mid-Morning Look: October 5, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Friday, October 5, 2018 U.S. stocks opened little changed to start the day as investors assessed September jobs data and kept an eye on a continued climb in U.S. Treasury yields. However, U.S. stocks have since slipped, led by a reversal to the downside in technology shares and interest rate sensitive names as Treasury yields inch back to … Read More

Morning Preview: October 5, 2018

Scott GreenDaily Market Insights

Early Look Friday, October 5, 2018 U.S. stock futures are trading flat as markets await the monthly nonfarm payroll report expected at 8:30 AM EST, with estimates for a gain of 185K jobs and the unemployment rate to hold at 3.8%. Economic data has been very strong this week after a solid ADP private payroll beat on Wednesday and an … Read More

Market Review: October 4, 2018

Scott GreenDaily Market Insights

Closing Recap Thursday, October 4, 2018 Equity Market Recap · U.S. stocks were in freefall mode on Thursday until an afternoon bounce off the lows helped minimize the damage, dragged down as borrowing costs soar and trade concerns ramp up, giving investors reason to lock in some profit with the Dow Industrials snapping its 5-day win streak and falling from … Read More

Mid-Morning Look: October 4, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Thursday, October 4, 2018 U.S. stocks are in “sell-mode” early, with the Dow Industrials falling as much as 200 points (and on track to snap its 5-day win streak) pulling back from all-time highs as borrowing costs soar and trade concerns ramp up. Trade war fears may be a big driver of negative U.S. equity sentiment today, especially … Read More

Morning Preview: October 4, 2018

Scott GreenDaily Market Insights

Early Look Thursday, October 4, 2018 U.S. stock futures are lower, pulling back as borrowing costs extend yesterday’s gains, with the yield on the benchmark 10-year yield topping 3.20% and the 30-yr is up around 3.37% after both handily topped 2018 highs yesterday. For the 10-year, yields are at the highest levels since 2011, taking the “wind out of the … Read More

Market Review: October 3, 2018

Scott GreenDaily Market Insights

Closing Recap Wednesday, October 3, 2018 Equity Market Recap · U.S. stocks ended the day higher (though gave back much of their gains late afternoon), with the Dow Industrials locking up another all-time record high, though the S&P 500 failed to top its previous all-time high of 2,940.91 on Sept 21 with financials, industrials, and tech pacing the gains. While … Read More

Mid-Morning Look: October 3, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, October 3, 2018 U.S. equities rise, with the Dow Jones Industrial Average reaching a new all-time high, as large multinational companies including Boeing and Caterpillar led gains. The benchmark S&P 500 index is within a few points of its all-time record 2,940.91 on 9/21, while the Nasdaq Composite and Russell 2000 index each rebound after back-to-back days … Read More

Morning Preview: October 3, 2018

Scott GreenDaily Market Insights

Early Look Wednesday, October 3, 2018 Stocks are pointing to a higher open, as tech rebounds and the Dow Industrials look to add to its record setting levels achieved yesterday as the euro held on to advances and Italian bonds rallied on deficit optimism, helping European markets. In Asian markets, The Nikkei Index fell -159 points to settle at 24,110, … Read More