Bulls Rally in Final Hour as Fed Cuts Rates

October 30, 2019 By: Todd Mitchell

U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments.Fed Chairman Jay Powell’s comments afterwards were once again scrutinized but this time helped sentiment as the...

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Markets Tentative Ahead of Fed’s Decision on Interest Rates

October 29, 2019 By: Todd Mitchell

U.S. markets were slightly weak to start Friday’s action following a couple of high profile earnings misses and slightly disappointing economic news. However, the major indexes got a lift following signs the U.S. and China are close to finishing some sections of the phase one trade accord. Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer held a phone call with...

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S&P 500 Hits New High: Sign Of A Shift In The Market

By: Todd Mitchell

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Fed set to cut rates, GDP report, Apple earnings: 3 things to watch in Wednesday’s markets

By: Todd Mitchell

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S&P 500 closes at record as corporate earnings beat expectations

October 28, 2019 By: Todd Mitchell

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JP Morgan says the market is doing so well, it could hit the firm’s 2020 forecast this year

By: Todd Mitchell

Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early.“Looking ahead, given improving trade rhetoric, the market could reach our 2020 midyear price target of 3,200 sooner (by late 2019 or early 2020),” Dubravko Lakos-Bujas, the firm’s...

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