Markets Get ready for the second quarter earnings season, which formally kicks off today as JPMorgan (JPM) and Goldman Sachs (GS) release results. Other major financial institutions will also report this week, including Bank of America (BAC), Citigroup (C) and … Continue reading
Markets At record highs Cyclicals or growth? While the two industries continue to battle over who will lead the market higher, both sectors appear to be doing quite well as investors head into the second half of the year. … Continue reading
Markets Beware of selloff! Not really. The major averages barely recorded a 1% decline on Thursday despite headlines that flagged concerns about a pandemic recovery. While the indexes are on track to close lower for the week, futures turned higher … Continue reading
Markets Equity benchmarks in Japan and China dropped 1% overnight and Europe is down more than 2% at midday. Things aren’t looking brighter in the U.S., where futures linked to the Dow, S&P 500 and Nasdaq are all off by about 1.2%, a day after … Continue reading
Markets Tech in the lead The Nasdaq was the only major average to rise to a fresh all-time high on Tuesday after the S&P 500 snapped a seven-day winning streak. Cyclical shares also pulled back, while Big Tech stocks, … Continue reading
Markets Futures linked to the Dow, S&P 500 and Nasdaq are hanging close to the flatline following a big week for the major averages, which notched fresh record highs in the wake of the U.S. jobs report. Nonfarm payrolls for … Continue reading
Markets Wages on watch Non-farm payrolls have come in below forecasts over the past two months as worker shortages appeared to restrict the pace of the pandemic recovery. Source: SeekingAlpha.com Economic Calendar Consensus forecasts: Change in non-farm payrolls: 700,000 (vs. 559,000 in … Continue reading
Markets H2 kickoff Cyclical shares are leading the market higher again as Wall Street begins the second half of 2021. The Dow closed up 0.6% yesterday, with futures tied to the index tacking on another 0.2% overnight, while the Nasdaq finished in the … Continue reading
Markets End of the first half The market has recorded a strong run in 2021, with the S&P 500 on track to register its fifth straight month of gains. The Nasdaq is also headed for its seventh positive month in … Continue reading
Markets Reconsidering reflation Big Tech and growth stocks led the market higher on Monday as the reflation trade took a backseat. Traders are now wondering if that will be the case going forward after the Fed caught some off-guard two … Continue reading