Smart Investing Today – Your Stock Market Market Digest Stocks rally, as crude oil pops above $50 a barrel Stocks (^DJI, ^GSPC, ^IXIC) are edging up in midday trading, with the tech sector (XLK) leading and energy (XLE) leading. Jonathan Corpina of Meridian Equity Partners…
Month: March 2017
Crude Oil Prices Rose above the 200-Day Moving Average
Smart Investing Today – Your Stock Market Market Digest Crude Oil Prices Rose above the 200-Day Moving Average WTI (West Texas Intermediate) crude oil (USO) (UCO) (XLE) futures contracts for May delivery rose 2.4% and settled at $49.51 per barrel on March 29, 2017. Read…
Why David Einhorn Wants Two Flavors of GM Shares
Smart Investing Today – Your Stock Market Market Digest Why David Einhorn Wants Two Flavors of GM Shares Billionaire investor David Einhorn’s is pushing General Motors Co. for changes to its share structure that the hedge fund hopes will kickstart returns. Enclosed are the key…
Investors keeping powder dry, as macro data and geopolitics drive markets
Smart Investing Today – Your Stock Market Market Digest Investors keeping powder dry, as macro data and geopolitics drive markets Investors spent much of late last week digesting Wednesday’s equity market reset in hopes that the Trump trade remains intact. As a result, equity prices…
Failure Begets Failure: Dow Ticks Up 28 Points as Market Waits on TrumpCare Vote
Smart Investing Today – Your Stock Market Market Digest Failure Begets Failure: Dow Ticks Up 28 Points as Market Waits on TrumpCare Vote Stocks are ticking up today as the market waits for the results of the House of Representatives’ vote on President Donald J.…
Topping Out? Dow Dips 30 Points as Market Inspects the Damage
Smart Investing Today – Your Stock Market Market Digest Topping Out? Dow Dips 30 Points as Market Inspects the Damage The S&P 500 is little changed at 2,343.54 at 9:43 a.m. today, while the Dow Jones Industrial Average has fallen 29.33 points, or 0.1%, to…
SIT Market Update Newsletter for March 22, 2017
Smart Investing Today – Your Stock Market Market Digest Policy Worries Percolate: Bank Stocks, Small-Caps Tumble U.S. stocks are sinking fast on Tuesday as the Treasury market rallies. Some traders pointed to reshuffling of bullish positioning, while others expressed concern that hurdles to policy-making in…