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Good morning Equities are gapping down after Gary Cohn resigned as Trumps chief economic advisor. Fears of protectionist tariffs and a full scale trade war will be what the media is focused on and that will likely create more volatility for equities. At some point the focus will turn to who replaces is Cohn and if it is someone of similar stature and like minded philosophy to Cohn this could wind up just being a bump in the road. However, ...
Read MoreGood morning Gap up in equities this morning after some news out of Korea that still needs to be verified but if true could be a very positive development between the U.S. and North Korea considering of normalizing of relations including potential denuclearization. Tariffs are still a huge talking point on the financial networks and..
Read MoreGood morning Equities are slightly lower in pre market with gold, oil and the dollar all slightly higher. We are going to try opening up Join me around 6 or 6:15 this morning keep an eye out for the link through the chat room and notification.
Read MoreGood morning We are looking at another weak open in equities after yesterdays pull back. Volatility is back and the markets are reacting to concerns over the Fed's potentially overly aggressive interest rate hikes because of an overheating economy. However, the economic data we have received recently is painting the picture of a slower growth economy. I think the recent dollar strength is also part of the reason the market is struggling and while oil and gold are also pulling back. I am not convinced...
Read MoreGood morning After yesterdays pullback equity futures are up slightly in pre market as we await the GDP number to give us more clues about whether or not the economy is on the path to overheating, Oil is down slightly while gold and the dollar are both slightly higher. The GDP number is anticipated to be 2.5% on an annual growth rate if we come in with a significantly stronger number than that, it would be
Read MoreGood morning Equities are mixed in Pre market with the DOW up slightly while the S&P 500 and NASDAQ are slightly lower. It is likely going to be an eventful day in terms of economic data with the new Fed chair presenting on..
Read MoreGood morning Equities are up slightly in pre market while gold and oil are pulling and the dollar continues to show some continued strength. There is no need to chase anything in this market make sure you have a plan for every trade.
Read MoreGood morning We are seeing some follow through of yesterdays weakness as equities are slightly lower in pre market. Gold and oil are also slightly lower at the moment with the dollar up slightly. We have last months Fed minutes coming out later today and that could play a role as to which way equities wind up closing for the day. The new Fed Chair will be giving his ...
Read MoreGood morning Equities are gapping up this morning as it appears as though inflation fears are cooling a bit and earnings seem to be what traders and investors ..
Read MoreGood morning We get some economic data today that could impact the markets and raise fears of inflation with the CPI report. If it comes in too hot the markets could react negatively and if we come in on the lite side we could see a rally in equities. CPI just came in and it came in hot and equities immediately sold off hard we are bouncing off the lows but it is likely going to be another volatile day.
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