Market Review: January 10, 2018

Scott GreenDaily Market Insights

Closing Recap Wednesday, January 10, 18    Equity Market Recap ·      U.S. stocks fall for the first time of 2018, snapping the six day winning streak for the S&P 500 and Nasdaq Composite, but end well off their worst levels of the day. Bonds were volatile, gaining strength late following a strong 10-year auction, as yields earlier surpassed the highs of … Read More

Mid Day Outlook: January 10, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Wednesday, January 10, 18    U.S. equities are lower for the first time this year, pulling back from record highs for each of the major indices (Dow, S&P, NASDAQ, Russell, Transports) in a bout of profit taking. U.S. stocks follow weakness out of Europe after officials reviewing China’s foreign-exchange holdings were said to have recommended slowing or halting … Read More

Morning Preview: January 10, 2018

Scott GreenDaily Market Insights

Early Look Wednesday, January 10, 18    Stock futures are lower for a change, as stocks pause following a 6-day run higher to start the year, while bonds tumble taking the yield on the 10-year to 2.59%, topping the prior high of 2.58% in March. After the record runs recently, Wednesday’s pullback was seen as merely a pause in the … Read More

Market Review: January 9, 2018

Scott GreenDaily Market Insights

Closing Recap Tuesday, January 9, 18    Equity Market Recap ·      Major U.S. stock averages continue to churn higher, with the S&P 500 and Nasdaq Composite touching a record all-time best all six days of 2018 thus far while the Dow Industrials traded to a new high after a small blip lower yesterday. Today’s rally was again broad based, but led … Read More

Mid Day Outlook: January 9, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Tuesday, January 9, 18    U.S. equities open and trade higher for a sixth consecutive session (S&P and NASDAQ) with all major indexes extending their record intraday highs, led by health-care and financials (which had lagged the market Monday). Investors continue to put money to work to start the New Year, extending strong market returns from 2017. Lots … Read More

Morning Preview: January 9, 2018

Scott GreenDaily Market Insights

Early Look Tuesday, January 9, 18    Stock futures are pointing to another record open, adding to its daily gains to start the year, amid continued support from an expanding global economy, growth in corporate profits and enthusiasm over the Trump administration’s tax cuts. Economic data continues to surprise to the upside after a December figure for small-business confidence showed … Read More

Market Review: January 8, 2018

Scott GreenDaily Market Insights

Closing Recap Monday, January 8, 18    Equity Market Recap ·      U.S. stocks end mixed and little changed, with the tech heavy Nasdaq Composite outperforming (despite a pullback in the biotech sector), while the S&P 500 Index remained virtually unchanged after its best week in 13 months. Major averages closed at or near the record highs they attained on Friday, while … Read More

Morning Preview: January 8, 2018

Scott GreenDaily Market Insights

Early Look Monday, January 8, 18    After a stellar start to the New Year last week, with stocks roaring higher to close at record highs each trading session, U.S. futures are pointing to a modestly higher open. Stocks surged the first week of 2018, with the Nasdaq Comp rising 3.3%, the S&P 500 climbing 2.6% and the Dow Industrials … Read More

Market Review: January 5, 2018

Scott GreenDaily Market Insights

Closing Recap Friday, January 5, 18    Equity Market Recap ·      A remarkable end to a remarkable week for U.S. stocks, with major averages posting record closing highs each of the four days to start the New Year, and the S&P posting one its biggest weekly gains in over a year. Today’s surge was a little surprising given the unexpected “softer” … Read More

Mid Day Outlook: January 5, 2018

Scott GreenDaily Market Insights

Mid-Morning Look Friday, January 5, 18    U.S. equities climb for a 4th straight day in 2018, on track for one of the biggest weekly S&P gains in over a year, and rising despite a “softer” than expected jobs report. Up until today, stocks had been rallying on strong economic data points this week including manufacturing and private payrolls, but … Read More