Mid Day Outlook: December 18, 2017

Scott GreenDaily Market Report

Mid-Morning Look Monday, December 18, 17    U.S. major averages open at fresh record highs once again amid growing confidence the Republicans will succeed in getting a major tax bill passed this week. Top U.S. Republicans said they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday and President Donald Trump … Read More

Morning Preview: December 18, 2017

Scott GreenDaily Market Report

Early Look Monday, December 18, 17    U.S. stock futures are surging to start the week, soaring to fresh records on growing confidence the Republicans will succeed in getting a major tax bill passed this week. Top U.S. Republicans said they expected Congress to pass a tax code overhaul this week, with a Senate vote as early as Tuesday and … Read More

Market Review: December 15, 2017

Scott GreenDaily Market Report

Closing Recap Friday, December 15, 17    Equity Market Recap ·      Stocks soared throughout the session though ending off the highs and allowing major averages to close at fresh all-time records in the S&P 500, Dow Industrials and Nasdaq Comp, as Washington gets closer to the passage of the tax reform bill. U.S. stocks moved in lock-step with commentary out of … Read More

Mid Day Outlook: December 15, 2017

Scott GreenDaily Market Report

Mid-Morning Look Friday, December 15, 17    U.S. stocks surging to start the day as concerns appear to be easing over the passage of the Republican tax overhaul bill, with the full bill expected to be released sometime tonight. The S&P 500 and Dow Industrials are back near all-time highs, helped after Fox Business News tweeted this morning that Senator … Read More

Morning Preview: December 15, 2017

Scott GreenDaily Market Report

Early Look Friday, December 15, 17    Stock futures are pointing to a rebound on this final day of trading for the week, as the Dow Industrials and S&P 500 look for a 4th straight week of gains as markets attempt to shake off tax worries that weighed on sentiment late yesterday. Republican Senators Marco Rubio noted late yesterday his … Read More

Market Review: December 14, 2017

Scott GreenDaily Market Report

Closing Recap Thursday, December 14, 17    Equity Market Recap ·      U.S. stocks slipped, snapping the 5-day win streak for the Dow Industrials after major averages opened at new records initially. Small Caps led the declines with a more than 1% decline in the Russell 2000 index as fear mounted that the Republican tax overhaul package may struggle to pass the Senate. Fears … Read More

Mid Day Outlook: December 14, 2017

Scott GreenDaily Market Report

Mid-Morning Look Thursday, December 14, 17    Equities open the day higher, putting major indexes near record levels and the Dow on track for its sixth straight daily advance, but markets have slipped over the last 30 minutes, paring gains. The technology sector outperformed early, offsetting weakness in defensive industries like telecom and utilities, while industrials such as CAT take … Read More

Morning Preview: December 14, 2017

Scott GreenDaily Market Report

Early Look Thursday, December 14, 17    Stock futures are pointing to a higher open after the Dow Industrial Average closed at a record for a fourth straight session (now up 5-straight days overall) as the FOMC boosted interest rates and raised its U.S. GDP growth target for 2018 to 2.5% from 2.1%. “Information received since the Federal Open Market … Read More

Market Review: December 13, 2017

Scott GreenDaily Market Report

Closing Recap Wednesday, December 13, 17    Equity Market Recap ·      Markets end higher as the FOMC concluded its two-day meeting in Washington with a well telegraphed 25 bps hike (to range of 1.25%-1.50%) while the median estimates show three hikes in 2018, two in 2019. Overall, U.S. stocks added to the recent gains leading into the meeting, as the Dow … Read More

Mid Day Outlook: December 13, 2017

Scott GreenDaily Market Report

Mid-Morning Look Wednesday, December 13, 17    U.S. equities higher to start, as the S&P 500 and Dow Industrials are rising for a 5th consecutive session after setting new record highs the last three days. Gains in technology shares are helping pace the early rise amid a rebound in semiconductors, while markets await the Federal Reserve’s interest rate announcement later … Read More