Good, Bad, Ugly Chart
/in Investing/by Tom EssayeFutures are modestly lower, Trump headlines dominated the newswires overnight, oil futures are up over 1% after the API reported a -5.1M bbl supply draw. As far as catalysts go today, the media will likely be fixated on the Cohen/Manafort drama.
Contrarian View: Emerging Markets
/in Investing/by Tom EssayeStock futures are cautiously higher today as the dollar continues to pullback, the dollar is down another 30 basis points+, British CBI Industrial Trends Survey was a mild miss at 7 vs. (E) 10, and more.
U.S. & China Trade Progress?
/in Investing/by Tom EssayeMarkets will stay focused on 1) Trade headlines, 2) The dollar and 3) the tech sector. Trade should stay quiet into the U.S./China meetings Wed/Thursday. The dollar is bouncing from Friday’s declines and sustained dollar weakness remains the biggest key to a breakout in stocks, so any weakness there will be welcomed by investors.
Worried About Tech
/in Investing/by Tom EssayeIf tech can stay stable despite recent soft earnings, and the dollar doesn’t rally, then stocks can generally hold yesterday’s gains.
Updated Market Outlook: Good, Bad & Ugly
/in Investing/by Tom EssayeMarket Update: Futures are enjoying a modest bounce, the WSJ reported a mild “breakthrough” occurred on U.S./China trade, On earnings, CSCO posted strong numbers and more.
Is the Turkey Crisis Over?
/in Investing/by Tom EssayeFutures and most international markets traded lower overnight as contagion fears from Turkey’s currency crisis persist despite further gains in the lira.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues