Healthy Profits After Years of Trading

As we saw happen so often last year, US stock prices on Monday were heavily buffeted by headlines stemming from trade negotiations between the US and China. Share prices on Wall Street initially slumped — following weekend tweets from President Trump that suggested imminent hikes in tariffs on imported Chinese goods — but later bounced back, on … Read more

A Return to Form For a Trader with a Long Track Record

We are now into the early stages of the US corporate earnings season and the big banks have delivered a bit of a mixed bag so far. JP Morgan, the biggest of the big US banks when judged by capitalisation, reported record earnings and revenue on Friday, but Goldman Sachs and Citigroup came in with … Read more

Pretty New, But Doing Pretty Well

The stock market’s recent bullish run has pushed on in recent trading days, with both the DJIA, the S&P 500, the FTSE 100  and the DAX all hitting six-month highs last week. One area of support for the US stock market has come by way of the Fed’s recent more dovish approach to monetary policy. … Read more

A Turnaround in Fortunes After a Rough Year

Just when it seemed like the momentum had been lost from the rally in global stock markets, prices have pushed higher over the past week. This resurgence has been especially pronounced on Wall Street, with both the Dow Jones and the S&P 500 testing six-month highs. Elsewhere, the German DAX has rallied well over 3% … Read more

All Upwards For This Trader (So Far)

We saw further evidence at the end of last week that investor sentiment remains extremely sensitive to any signs of economic slowdown, when indications of weak eurozone manufacturing led to a sharp fall in global stock prices. The February flash PMI from IHS Markit showed manufacturing output in the euro area plunging to a 71-month … Read more

Early Days, But Big Profits

Stocks have been generally climbing in recent trading days, though gains on Wall Street have been constrained by some key stocks coming under pressure. The Dow Jones kicked off the new trading week by rising for a fourth consecutive session, which came in spite of Boeing dropping 1.8%. Boeing is the largest-weighted stock in the … Read more

Back on Track After a Rocky Run

Unease regarding the health of the world’s economy weighed on stock prices last week, a situation that was not aided by Friday’s surprisingly soft US employment data — US nonfarm payrolls growth slowed to just 20,000 in February, undershooting even the low end of Wall Street expectations by more than 100,000 jobs. This week has begun … Read more

Cooling Off After Huge Profits at the End of 2018?

The US stock market has been enjoying a bullish run in recent weeks, though the gains have been so large and so fast that the market was starting to look a little over-extended. Suspicions of an overbought situation appear to have been confirmed after Wall Street reversed early gains on Monday to finish substantially in … Read more

Small But Consistent Profits

President’s Trump’s announcement that he is pushing back the deadline for further tariffs on Chinese goods has lent support to an already buoyant US stock market. The US stock market has been on an upward march since late December of last year, the DJIA climbing recently back above the 26,000 to reach its highest level … Read more