Daily Insights
Earnings season kicks off. U.S. stocks are higher this morning as third quarter earnings season kicks off with a slew of big bank reports. The few reports we’ve seen so far this season have been generally in line with expectations. Overall, we expect to see little if any S&P 500 Index earnings growth for the quarter amid continued trade tensions. Continue reading
Daily Insights
A verbal agreement. Friday, October 11, the U.S. announced that it had reached a verbal agreement with China, concluding two days of face-to-face talks and rampant speculation of a deal in financial markets. Continue reading
Daily Insights
Global optimism. Stocks are up this morning as investors watch for any developments in U.S. and China officials’ face-to-face trade talks. President Trump announced that Thursday’s discussions went “very well,” and he is scheduled to meet with Vice Premier Liu He today. Continue reading
Daily Insights
Talks set to begin. Stocks are down this morning, taking a breather after a volatile start to the week. Investors have focused primarily on trade headlines this week as U.S. and China officials are scheduled to begin face-to-face trade talks today. Continue reading
Daily Insights
A partial trade deal. Trade is dominating headlines once again, just a day before U.S. and China officials are slated to kick off face-to-face trade discussions in Washington, D.C. U.S. stocks are higher today on news that China is willing to accept a partial trade deal with the U.S. in order to avoid more tariffs, including tariffs scheduled to take effect in October and December. Continue reading
Daily Insights
One step back. U.S. stocks are sliding on renewed reports that the Trump administration is planning to restrict U.S. investors’ capital flows into China, just a few days before the two sides are scheduled to kick off another round of face-to-face discussions. Continue reading
Daily Insights
Trade pessimism. U.S. stocks are lower this morning on speculation that China may be increasingly reluctant to strike a trade deal. High-level talks between the United States and China are still scheduled to kick off later this week, but reports indicate that Chinese officials have narrowed the scope of topics they’re willing to negotiate on during these discussions. Continue reading
Daily Insights
Another volatile day. U.S. stocks posted another volatile trading session Thursday amid unexpectedly soft data and heightened global uncertainty. The S&P 500 Index dropped as much as 1.1% intraday before recovering to finish up 0.8%, its biggest comeback in a trading session since December 27, 2018. S&P 500 futures are up this morning as stocks keep searching for direction. Continue reading
Daily Insights
A rough start. Stocks are searching for direction this morning after a rough start to the fourth quarter. The S&P 500 Index dropped about 3% in the past two trading sessions, the first time the benchmark has dropped 1% on consecutive days to start the fourth quarter. Continue reading
Daily Insights
Is this the start of October volatility? After going the entire month of September without a 1% drop for the S&P 500 Index, it fell 1.2% on the first day of October. Stocks are continuing to follow through to the downside this morning. Continue reading