Bulls Show Strength Ahead of Fed Update

September 17, 2019 By: adminbackup

U.S. markets were choppy throughout Monday’s action following drone strikes on an oil facility in Saudi Arabia over the weekend. The attacks, which the U.S. has blamed on Iran, hit key Saudi facilities, disrupting 5% of the global daily oil production.Despite the heightened geopolitical risks and the spike in oil, the major indexes held near-term support levels with the small-caps showing...

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Expectations suddenly are rising that the Fed might not cut interest rates this week

September 16, 2019 By: adminbackup

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Companies to Watch: SmileDirectClub looks to bounce back, Cloudflare goes public, Apple gets bad news

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Small-Caps Show Strength Despite Spike in Oil

By: adminbackup

U.S. markets were choppy throughout Monday’s action following drone strikes on an oil facility in Saudi Arabia over the weekend. The attacks, which the U.S. has blamed on Iran, hit key Saudi facilities, disrupting 5% of the global daily oil production.Despite the heightened geopolitical risks and the spike in oil, the major indexes held near-term support levels with the small-caps showing...

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Oil could rise $10 per barrel after drone attack forces Saudi to cut output in half

September 15, 2019 By: adminbackup

Oil prices could jump as much as $10 per barrel after a number of drone strikes hit the center of Saudi Arabia’s oil industry, forcing the kingdom to cut its oil output in half.Ten drones attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday, causing a loss of 5.7 million barrels of crude production a day or 50% of the kingdom’s oil output. Although it’s...

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The stock market is poised to set a new record if the Federal Reserve delivers

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