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Bulls Recover Prior Resistance on Soft Fed Speak

August 21, 2019 By: Todd Mitchell

U.S. markets closed higher on a Monday for the first time in a month on hopes that the Fed's Jackson Hole Symposium will see central bankers outline further steps that can be possibly taken to support economic growth, if needed.The upcoming U.S./ China trade talks were also a source of optimism after Commerce Secretary Wilbur Ross said the U.S. will extend a major Chinese Tech company’s license...

Dow snaps three-day winning streak

By: Todd Mitchell

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Recession not on horizon, Fed’s Daly says

By: Todd Mitchell

San Francisco Fed president says interest-rate cut was not sparked by ‘impending downturn’The U.S. economy isn’t headed for recession right now, San Francisco Fed President Mary Daly said Tuesday.“When I look at the data coming in, I see solid domestic momentum that points to a continued economic expansion,” Daly said, in written answers to questions on the Quora website.Daly said that...

Bears Return to Crack Near-term Support Levels

August 20, 2019 By: Todd Mitchell

U.S. markets closed higher on a Monday for the first time in a month on hopes that the Fed's Jackson Hole Symposium will see central bankers outline further steps that can be possibly taken to support economic growth, if needed.The upcoming U.S./ China trade talks were also a source of optimism after Commerce Secretary Wilbur Ross said the U.S. will extend a major Chinese Tech company’s license...