Brazilian ETF Rips Higher on Hopes of Major Pension Fix
Brazil’s soccer team isn’t the only winner in the country this month. Its pro-business President is also nearing his first big victory, and the stock market’s loving it. The iShares MSCI Brazil ETF...
View ArticleSouth American Oil Giant Gets Big Vote of Confidence: Options Recap
Brazilian markets are running higher, and yesterday an investor placed a big vote of confidence in the nation’s most important stock. A large put sale occurred in Petrobras (PBR) minutes after the...
View ArticleEmerging Market ETF Has Options Traders Feeling Bearish
Some big options traders seem to think the pain may continue in emerging markets. Two large strategies were detected today in the MSCI Emerging Markets ETF (EEM), which is heavily concentrated in...
View ArticleThe Yield Curve Inverted, and the Bears Are Going to Work
The big story today is that weak economic numbers overseas caused the yield curve to invert. That means the yield on 10-year Treasury bonds fell below the two-year rate. Stocks, especially financials,...
View ArticleTrade War Escalates as China and Trump Exchange Blows
So much for a quiet Friday in August. The drama started early today when China slapped tariffs on $75 billion of U.S. goods. S&P 500 futures (@ES) fell 25 points. About 2-1/2 hours later President...
View ArticleStocks Fell Again Last Week as Trade War Kept Getting Worse
Stocks remain under pressure as the trade war against China worsens. The S&P 500 was positive for most of last week, but then came a quick succession of events on Friday morning. First, Beijing...
View ArticleWill Jerome Powell Signal an October Cut? All Eyes on the Fed
The Federal Reserve’s expected to cut interest rates today, but next month’s the real question. Will the central bank follow with a second rate cut on October 30? If you asked CME’s FedWatch tool in...
View ArticleMarket Gets a Timeline for China Talks, Just in Time for Earnings Season
Investors just got a timeline for the most important concern facing the market, President Trump’s trade war with China. Last night, CNBC reported that Vice Premier Liu He will visit Washington on...
View ArticleStocks Down as Range Tightens Before a Huge News Month
Stocks fell again last week but remain trapped in a range as investors wait for some huge news events next month. The S&P 500 slid 1 percent between Friday, September 20, and Friday, September 27....
View ArticleMarkets Take a Huge Dovish Turn, Just in Time for Powell’s Speech
Key employment data is due this morning, but the bigger story may be Jerome Powell in the afternoon. The Federal Reserve chairman is scheduled to deliver a speech at 2 p.m. ET today. The venue is an...
View ArticleTrade War Drama Continues as Chinese Delegation Visits White House
Key talks with China begin today, and things are already off to a crazy start. Last night, reports from Asia said the meetings had pretty much failed before they even started. Stock futures crashed...
View ArticleStocks Follow Expected Script as Trump Approaches Trade Deal With China
Investors had a plan going into today’s big meeting with China, and they stuck to it. Economically sensitive stocks like banks, materials and industrials led the rally on Friday. Semiconductors and...
View ArticleStocks Break Three Week Losing Streak as Trade War Moves Toward Resolution
Stocks just broke a three-week losing streak as President Trump and China made progress to end a trade war between the world’s two largest economies. The S&P 500 rose 0.6 percent between Friday,...
View ArticleEmotions Flip Away From Safe Havens as Earnings Season Begins
Emotions seem to be flipping away from caution as earnings season begins. Safe-haven sectors including utilities, consumer staples, bonds and precious metals are all lagging this week. Meanwhile...
View ArticleInverted Heads & Shoulders Appearing Across the Market
A potentially bullish reversal pattern is appearing across the market: inverted heads and shoulders. This chart formation involves two higher lows on either side of a lower low. It’s the opposite of a...
View ArticleForget about China and Brexit. This Country’s on the Move
Brazilian stocks are ripping today as its government prepares for a huge legal change. Lawmakers in Brasilia are set to overhaul the country’s pension system, considered the biggest weight on its...
View ArticleIn the Blink of an Eye, the 5G Boom Could Be Starting
Just when everyone was worried about China bringing down tech stocks, the country may be kicking off a boom that will fuel growth in the sector: 5G Networking. China Mobile (CHL), China Unicom (CHU)...
View ArticleThere’s All Kinds of Positive News Involving China Today
November 7, 2019: Did the tide just turn in U.S. relations with China? Consider the flood of positive news today. First and foremost, Beijing and Washington agreed to simultaneously cancel tariffs on...
View ArticleStocks Fell Yesterday. How Serious Is It?
Stocks just had their sharpest drop in a couple of months. What should we make of it? The first thing that jumps out on the chart is that the S&P 500 remained in breakout territory versus its old...
View ArticleThe Federal Reserve’s Last Meeting of the Year Is Today
After a busy year, the Federal Reserve is set to begin a long vacation today. The central bank is expected to leave interest rates unchanged, following a trio of cuts since the summer. Going forward,...
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