Monthly Archives: July 2019

Your Wednesday Market Blip 7/31/19

The Federal Reserve lowered interest rates by a quarter point in what is being called a mid-cycle policy adjustment designed to address low inflation rates. While you can make some of the people happy some of the time, Mister Market bemoaned that the cut was “not enough” and responded with a selloff. The Dow fell…
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Your Tuesday Market Blip 7/30/19

Stocks opened the day lower by almost 100 points but then fought back and closed with a miniscule loss to 23 points at 27,198 for the Dow. Trading volume was higher which indicates big investors used the weakness to go long. Both IBD and BTS indicators are positive and Brian “Mr Sunshine” Wesbury, Chief economist…
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Your Monday Market Blip 7/29/19

While last week was heavy with earnings reports, this week will be heavy with policy, trade and economic data. Markets were mixed today as traders took profits on tech stocks while shares of banks and healthcare countered the tech selloff. At the close the Dow was up 28 points on light trading volume at 27,221.…
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Your Weekly Market Blip 7/26/19

The Dow ended the trading week with a 69 point move higher to 27,210. Trading volume was light. For the week the Dow eked out a quarter point gain and for the year is up 16.5%. Earnings reports are coming in fast and furious today and they were generally better than expected. Here is a…
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