Category Archives: Daily Market Blip

Your Tuesday Market Blip 7/16/19

Markets appear to be taking a breather as earnings reports begin to filter in. The Dow closed the day lower on heavy volume at 27,335 down 23 points. Tech executives were on Capitol Hill testifying about peanuts and popcorn and all things unicorn. JP Morgan Chase reported better than expect numbers this morning and on…
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Your Monday Market Blip 7/15/19

The Dow moved higher with a closing gain of 26 points at 27,328 on heavier trading volume. The Q2 earnings season has begun! Citigroup kicked off earnings season posting a 9% revenue increase and a 20% jump in bottom line profits. Both top and bottom-line results beat estimates. The bank said loans increased 3% and…
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Your Thursday Market Blip 7/11/19

The Dow pushed above 27,000 for the first time ever as gurus seem to feel the likelihood of a Fed rate cut in July is significant. The Feds, on the other hand, are in a holding pattern as some US economic indicators, while still growing, have seen decelerating growth rates but more importantly the Feds…
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Your Wednesday Market Blip 7/10/19

Federal Reserve Chairman Powell spoke before Congress today and hinted that a rate cut was possible in July due to economic risks outside of the United States. The news sent markets higher along with the price of gold which jumped back above $1,400 an ounce. At the close the Dow was up 76 points to…
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