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June 13, 2019
The S&P 500 futures trade 11 points, or 0.4%, above fair value, supported by a bounce in oil and by lingering optimism for the Fed’s policy decision next week. Many of the energy stocks are up in pre-market action following the sharp increase in the price of oil ($53.04/bbl, +$1.90, +3.7%), which fell over 4% yesterday.
June 11, 2019
The futures market is showing nice gains this morning for the major indices, which is setting up the cash market for a positive start. The S&P 500 futures are up 17 points and are trading 0.7% above fair value.
June 4, 2019
There is a rebound effort on the way. The S&P futures are up 20 points and are trading 0.9% above fair value. The Nasdaq 100 futures are up 60 points and are trading 1.0% above fair value. The Dow Jones Industrial Average futures are up 180 points and are trading 0.9% above fair value.
May 29, 2019
Yesterday’s selling is going to persist at the start of trading. The S&P futures are down 19 points and are trading 0.6% below fair value. The Nasdaq 100 futures are down 64 points and are trading 0.7% below fair value. The Dow Jones Industrial Average futures are down 187 points and are trading 0.7% below fair value.
May 21, 2019
The futures market is up this morning, reportedly cheered by the news that the Department of Commerce has granted a 90-day license that will enable Huawei to service existing networks and mobile services and, at the same time, provide some added flexibility for operators to make other arrangements.
May 13, 2019
There is a nasty tone in the futures market this morning, because there is a nasty tone in the headlines this morning on matters pertaining to trade between the U.S. and China.Currently, the S&P futures are down 56 points and are trading 1.8% below fair value. The Nasdaq 100 futures are down 195 points and are trading 2.4 % below fair value. The Dow Jones Industrial Average futures are down 507 points and are 1.9% below fair value.
May 9, 2019
It’s another day and perhaps another lost dollar. The futures for the major indices are all noticeably lower with trade deal angst continuing to win out as the primary trading catalyst. Currently, S&P futures are down 28 points and are trading 0.8% below fair value. Nasdaq 100 futures are down 94 points and are trading 1.0% below fair value. Dow Jones Industrial Average futures are down 226 points and are trading 0.5% below fair value.
May 7, 2019
Okay, the stock market has been given some reason to think a trade deal with China won’t be achieved as soon as it had previously hoped. The stock market, however, is a long way still from thinking a trade deal won’t get done at all.The stock market will go down big, and stay down for a while, if a trade deal with China falls by the wayside and higher tariff rates become entrenched. The rebound off yesterday’s lows was proof that the market isn’t expecting that to be the outcome.
May 2, 2019
The S&P futures are flat and are trading 0.1% below fair value. The Nasdaq 100 futures are up seven points and are trading in-line with fair value. The Dow Jones Industrial Average futures are down 29 points and are trading 0.2% below fair value.The inference is that there won’t be much conviction at the start of today’s trading, as the stock market seems to be licking its wounds after being told yesterday by Fed Chair Powell that the FOMC doesn’t see the need for a rate cut, because it suspects the factors pushing inflation rates lower are transitory.
April 30, 2019
If we told you Alphabet (GOOG) disappointed with weaker-than-expected revenue growth, and that China disappointed with weaker-than-expected manufacturing PMI data for April, you might be inclined to think the stock market is going to open sharply lower. Well, think again.
April 26, 2019
The earnings parade continues, with Amazon.com (AMZN), Intel (INTC), Starbucks (SBUX), Ford (F), American Airlines (AAL), Colgate-Palmolive (CL), Chevron (CVX), and ExxonMobil (XOM) among some of the luminaries that have reported results since yesterday’s close.
April 22, 2019
The Easter holiday is officially over in some countries, but not others. Most of Europe is off today for Easter Monday, which means major markets there remain closed. Hong Kong, meanwhile, is also celebrating Easter Monday, so the Hang Seng did not trade today.
