Monthly Archives: June 2018

Thursday Market Blip 2/28/18

Markets rebounded from yesterdays selloff. It seems that traders are happy one day and not the next. The underlying economic fundamentals continue to be positive. The latest GDP growth estimate was 2% coming in below estimates calling for economic growth of 2.2%. The main reason for the miss was lackluster consumer activity in the first…
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Your Wednesday Market Blip 6/27/18

Stocks today were on a wild ride. They opened higher on economic and trade optimism but then reversed and at the close was down 165. The trade issue is a big question mark for the markets. While everyone we talk to seems to acknowledge good underlying economic fundamentals the trade talks are an unknown and…
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Your Tuesday Market Blip 6/26/18

Stocks rebounded from yesterday’s trade related selloff and the Dow closed up 30 points on light volume at 24,283. Energy stocks and techs led the way. The Chinese stock market entered bear territory and is now down 20% so far this year thanks to the trade negotiations. China is transitioning to a consumer-based economy from…
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Your Thursday Market Blip 6/21/18

The Dow traded off 196 on lighter trading volume to close the day at 24,461. The key here was the lower trading volume which shows the big boys were not rushing to the exits. Markets today fell on trade war issues. It appears China has been trying to export steel through the back door of…
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