David Moenning
When Is Enough Enough?
When Is Enough Enough?
The past three sessions the U.S. stock market has followed China's lead, plunging -8.96% in that short time. With the Shanghai Composite down another -7.6% overnight (now -15.5% this week), at quick glance it seems like we're in for another rocky …
The Worst Day of the Year
The Worst Day of the Year
It felt like it had been coming for quite some time, but yesterday's selling spree was still surprising given the sheer severity of declines across major indices despite the lack of an "event," so to speak. Another destructive session in Chinese markets…
Do We Have Another V-Bottom On Our Hands?
Current Market Outlook
Thursday's rebound wasn't out of the ordinary given what we've seen over the past year. The "v-bottom" recovery pattern was a major theme in 2014 (especially in the latter half of the year), and has been prevalent in 2015 as well. Could this be yet another…
Skyrocketing Dollar Remains the Focus
Current Market Outlook
Wednesday was a missed opportunity for the bulls, though it wasn't all that surprising. Major indices did not follow world markets higher, despite Germany posting a nice rebound, and European markets finishing mostly higher. With no economic data state-sid…
Are the Bears in Control?
Current Market Outlook
Monday's rebound wasn't exactly a convincing statement from the bulls, but it did manage to stop the bleeding, so to speak, following a big Friday sell-off. Headlines were relatively quiet yesterday as traders pushed major indices modestly higher (Nasdaq +…
Monday's Action Should Be Telling
Current Market Outlook
Friday's big sell-off really dampened the momentum the bulls had mad since the beginning of February, as all major indices finished down more than -1%. Though Friday's jobs report was much better than consensus expectations, the increased chance of a rate …
Friday Focus: All About Jobs Report
Current Market Outlook
Thursday's price action was largely forgettable as the market paused in front of this morning's non-farm payrolls report. So, while China lowered its GDP growth target to the lowest in 11 years, the ECB set plans for their own QE, and jobless claims here i…
A Little Entertainment Ahead of Friday's Jobs Report
Friday's non-farm payrolls will be the report that traders focus heavily on, but in the meantime, we may have a little volatility on our hands. Keyword: may. Overnight, China lowered its GDP growth target to 7%, which marks the country's lowest growth target in the last 11 years. Asian st…
All About the Action
Not much going on from around globe early this morning. China cut rates on its short-term lending facility and expanded quota, but Asian markets are mixed. Europe is trading mixed in choppy fashion, and has been relatively quiet. February composite PMI slipped a bit from flash readings bu…