Strategists say there’s still a chance for a phase one trade deal between the U.S. and China, even as the stock market sold off on skepticism the two nations could come together.The bond market had already been reflecting sinking prospects for a deal as yields fell in recent sessions. The Dow Jones Industrial Average fell as much as 258 points on Wednesday after a Reuters story quoted trade...
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U.S. markets slumped on Tuesday following news China is threatening retaliation following the Senate's passage of a bill expressing support for Hong Kong's autonomy. The House will vote on the measure, which weighed on market sentiment, and could complicate trade talks with China.Mixed numbers from the Retail sector was also a drag as the 3Q earnings season continues to wind down. The major...
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U.S. markets opened lower to start Wednesday’s session as Wall Street prepared for the public impeachment inquiry proceedings and comments from Fed Chairman Jerome Powell. There was nothing surprising in Powell’s prepared remarks although the market rebounded off its lows and into positive territory while he was speaking.Weakness ensued afterwards on reports the U.S./ China trade talks have...
Continue reading >>Keep an eye on Johnson & Johnson (JNJ). One of my favorite ways to make money is by waiting on excessive fear. Look at Johnson & Johnson (JNJ) for example. In October 2019, the stock began to plunge out of the sky. Investors feared the worst. All after the company recalled a single lot of Johnson’s Baby Powder. In fact, according to the company’s press...
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