Category: Daily Wrap

The day’s narrative is that investors remained optimistic about the global economic outlook despite the coronavirus. Today’s optimism sprung from...

Apple (AAPL -1.8%) made good use of the U.S. holiday to declare a revenue warning due to the coronavirus, after...

The market’s bullish narrative over the past few days has centered around reports that had indicated that the rate of...

The major averages extended the last 2 weeks’ gains. The narrative of the day was shaped by reports from China...

Today’s rally followed improving tone among multiple asset classes Monday night. From the overnight section of last night’s Daily Wrap,...

Index futures gave an early hint as to where the market’s attention would be focused today… on China returning from...

...

The major averages added to the week’s gains with Dow, S&P and NASDAQ posting new record closing highs. They do,...

The averages (with the exception of small caps) recouped virtually all Corona virus related losses as of today, and in...

The People’s Bank of China pushed out massive liquidity for the second day in a row, or the second time...

China’s cash market re-opened and fell sharply as expected after being closed last week for the Lunar new year. China...

...

The S&P 500 was down as much as -0.9% on Thursday on growth concerns attributed to the coronavirus outbreak. However,...

The first half of the day was dominated by earnings in the typical FOMC drift with a modest upward bias,...

Today was the correction/consolidation I suspected we’d see as of last Friday… ” …my suspicion is that we see some...

The large-cap indices lost more than -1.5% on Monday in a nearly perfect second leg decline as the outbreak of...

...

Asia/China had an ugly end to the week (China closed Friday). China’s markets were unnerved after the country locked down...

Index futures’ gains before the open were said to be due to better-than-expected existing home sales for December, 2) an...

Headlines about the Coronavirus outbreak prompted risk aversion in Asian markets and Index futures Monday night. It is worth pointing...