Market Overview – Monday Morning Market Memo – September 23, 2019

Market Overview – Monday Morning Market Memo – September 23, 2019

Good morning, The major stock market averages fell on Friday after reports Chinese trade officials cut their visit to the U.S. short, reducing hopes that the US and China are any closer to a trade deal. For the week as a whole, stocks posted modest losses and had their 3-week winning streak broken. The Dow Jones Industrial Average dropped 1.1%, …

Eight Straight – Monday Morning Market Memo – September 16, 2019

Eight Straight – Monday Morning Market Memo – September 16, 2019

Good morning, The Dow Jones Industrial Average (with its slight gain last Friday) has now risen eight days in a row. The market has positive momentum based on a more constructive tone surrounding the trade negotiations between China and the U.S., as well as monetary stimulus from the European Central Bank, and rising Treasury yields here, which indicate an easing …

Positive Momentum – Monday Morning Market Memo – September 9, 2019

Good morning, Market momentum turned positive during the middle of last week – the Dow Jones Industrial Average rose over 200 points last Wednesday on easing tensions in Hong Kong – and jumped over 400 points on Thursday after the U.S. and China agreed to hold trade talks. The trade dispute between the world’s two largest economies has been escalating …

Late Week Reversal – Monday Morning Market Memo – August 26, 2019

Late Week Reversal – Monday Morning Market Memo – August 26, 2019

Good morning, Early last Friday morning when we began thinking about the topic for this memo, we thought we’d be discussing a decent week for the market and analyzing Fed Chair Powell’s comments at the Jackson Hole Economic Symposium in Wyoming. As we know however, the mood of the market changes like the weather in New England – often, and …

TGIF – Monday Morning Market Memo – August 19, 2019

Good morning, Trading last week can aptly be summarized (twice) with the acronym TGIF. First, Thank Goodness It’s Friday – when the Dow Jones Industrial Average rose over 300 points to bring us into the weekend on a positive note. Second, Thank Goodness It’s Finished, as a stressful and volatile week came to an end (the Dow plunged 800 points, …

Full Plate – Monday Morning Market Memo – August 5, 2019

Full Plate – Monday Morning Market Memo – August 5, 2019

Good morning, So much for quiet summer trading – volatility is back and the market has a “full plate” right now. Big picture items that are front and center for the financial markets right now include Federal Reserve policy, earnings season, and the US-China trade war. The Federal Reserve, as totally expected, cut interest rates by ¼ point last week. …

Earnings Update & Fed Ahead! – Monday Morning Market Memo – July 29, 2019

Earnings Update & Fed Ahead! – Monday Morning Market Memo – July 29, 2019

Good morning, We are in the heart of earnings season, and some specific stock action that stood out so far includes: Alphabet posted better-than-expected earnings and announced a share repurchase program, spelling out good news for the shares, with the stock rising almost 10%; Twitter shares flew higher after the company reporting an earnings beat and an increase in monetizable …