US Market Debrief 19th of July 2019

Stocks retreat while rate cut odds remain in focus The S&P 500 faded into the close and lost 0.6% on Friday, as geopolitical angst and expectations for a smaller Fed rate cut weighed on the broader market. The Nasdaq Composite lost 0.7%, and the Russell 2000 lost 0.5%.  The Dow Jones Industrial Average (-0.3%) fared […]

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Afternoon Briefing 19th of July 2019

Stock market holds modest gains, Microsoft and Boeing lead advance The stock market trades slightly higher with the S&P 500 (+0.1%), Nasdaq Composite (+0.2%), and Dow Jones Industrial Average (+0.3%) holding modest gains. The price action, much like this week, has reflected some consolidation after a run to record highs, while select stocks react to […]

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US Morning Briefing 19th of July 2019

Resting on support of dovish Fed commentary U.S. equity futures hold slight gains after stocks finished higher yesterday on dovish Fed commentary. The S&P 500 futures trade four points, or 0.2%, above fair value.  The probability for a 50-basis points rate cut at the July 30-31 FOMC meeting jumped to over 70% at one point […]

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US Market Debrief 18th of July 2019

NY Fed President Williams pumps up bull market with rate-cut view The S&P 500 overcame a sluggish start to increase by 0.4% on Thursday, as dovish Fed commentary bolstered expectations for aggressive monetary policy. In addition, mostly positive reactions to earnings reports helped provide support for the market.  The Nasdaq Composite and the Russell 2000 […]

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Afternoon Debrief 18th of July 2019

Midday Summary: Stock market trades slightly lower, Netflix disappoints The stock market is down for the third straight day in a mixed session. Netflix (NFLX 322.30, -40.12, -11.1%) is today’s biggest laggard following is earnings report, but many stocks and sectors are up today on good earnings news.  The S&P 500 is down 0.1%, the Dow Jones Industrial […]

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US Morning Briefing 18th of July 2019

Netflix weakness, trade deal uncertainty keep steam out of futures market The S&P 500 futures trade four points, or 0.2%, below fair value, pressured by a disappointing report from Netflix (NFLX 321.30, -41.14, -11.4%) and lingering uncertainty about U.S.-China trade progress.  Shares of Netflix have dropped 11% in pre-market action after second quarter net subscriber additions came in […]

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US Morning Briefing 17th of July 2019

Lots of earnings reports, but little movement The S&P 500 futures trade roughly in-line with fair value, as mostly positive earnings results have yet to generate much buying interest. The stock market, though, remains near record highs as it appears to be waiting for the big tech companies to report and for further guidance on […]

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US Markets Debrief 16th of July 2019

Market languishes following bank earnings results The S&P 500 lost 0.3% on Tuesday, led lower by shares of energy and technology companies while bank earnings failed to generate much excitement. The Dow Jones Industrial Average lost 0.1%, and the Nasdaq Composite lost 0.4%. The Russell 2000 finished flat.  The session began with very little price […]

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Afternoon Debrief 16th of July 2019

Stock market slips on Trump trade comments The S&P 500 was down around 0.1% for most of the morning as the market tried to balance earnings results, key economic data, and higher U.S. Treasury yields. The S&P 500 along with the other major averages dipped lower after President Trump said there is still a “long […]

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US Morning Prep16th of July 2019

Morning Briefing – Holding bullish ground with financials reporting After the major averages set new record closes yesterday, U.S. equity futures are little changed amid mixed responses to earnings reports. The S&P 500 futures trade two points, or 0.1%, above fair value.  Financial Dow components JPMorgan Chase (JPM 113.00, -0.90, -0.8%) and Goldman Sachs (GS 213.35, +1.77, +0.8%) both beat […]

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