Market Commentaries

26 Jul

Earnings and GDP Restore Investors’ Faith

July 26, 2019 Market bulls managed to push the S&P 500 index above the psychologically important 3,000 level following last week’s sell-off. The week’s optimism was owed to a strong crop of earnings reports from the likes of Starbucks, Texas Instruments, and Google, all of which helped power the index to a new record-closing high…

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19 Jul

Investors Pause To Digest First Round Earnings

July 19, 2019 Markets retreated from all-time highs this week as the first batch of Q2 2019 earnings were met with mixed reaction. Overall, early results were generally positive with strong beats from tech giant Microsoft and financial powerhouse Goldman Sachs. Yet, despite the fact that 77.2% of companies that have reported earnings to date…

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12 Jul

Bulls Break 3,000

July 12, 2019 Lifted by a dovish Fed, the S&P 500 broke above the 3,000 level for the first time in its history. Positive comments from Fed Chairman Jerome Powell before the House Financial Services Committee encouraged bulls to rally to a new all-time high on the notion that a rate cut was fait accompli….

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