Introduction About a decade ago we saw the trend that computer software and storage were moving to the “Cloud.” Microsoft offers office 365 instead of software that stays in the laptop and the suite of all the things in the Cloud named Outlook, which combines email, mobile number, skype, etc. APPLE's ICloud is a similar [...]
What is our market prediction for 2020? So far we saw melt-up of the market Looking back, 2019 has been a year of protests around the world. The wealth gap between haves and have-nots is rising to a breaking point. One of the reasons that the increase in the wealth gap is the policy of [...]
Volume was higher. Apple was up due to the new iPhone 7. The US dollar also rallied which hurt commodities. Overnight markets are up slightly along with US Futures.
The market opened lower today, following the downward movement of crude oil. As expected, an oil price rollback took place after the International Energy Agency lowered down its global demand for oil in the years 2016 and 2017.
The market has been consistently opening downwards. It was further aggravated by Friday's selloffs. Investors are having a hard time to determine when the the next interest-rate hike will be, based on the Federal Reserve speakers' statements.
A move down is expected as FED officials are scheduled to speak today. Other factors which may possibly affect this move are the following:
Today’s market opened lower with the DOW Jones Industrial Average & Nasdaq Composite both at -0.40%. It started dropping after the European Central Bank decided to keep interest rates unchanged.
Friday’s market action was up but on lower volume. Is it because it was the day before a long holiday weekend or a sign that the markets have topped out? Only time will tell but the inaction of the markets has been like Groundhog Day.
All eyes will be on the employment report. If it is good, then investors may think the FED may raise interest rates at the September meeting. Overnight, world markets and US Futures are flat.
For the last trading day of the month, we did not move much during the entire month. This morning markets are flat but a bunch of economic reports are coming out.