The Fed is about to cut rates for the first time since 2008 as the trade war is weighing on economic growth. Are the rate cuts truly needed to support the economy or is the Fed under political pressure to appease the White House? Last time, the Fed cut rates in 1998 to prevent a […]
Last Thursday after the market close, Microsoft announced earnings that beat the top and bottom line. MSFT ran up immediately after the earnings release, it made a new all time high on Friday’s open, but it was sold off straight from the high at open with higher than usual volume. This is a topping signal, […]
The market went crazy last week with Fed’s dovish statements. The market is banking on the Fed cutting the interest rates at the end of July. Have we been here before? The market was banking on an imminent trade deal at the end of April, only to be shocked with a no deal at the […]
We blogged last week that the market was in a confirmed bullish trend despite the trade war and Fed rate cut noises. Last week was a holiday week so the trading volume was low. As of now, the market is still in a confirmed uptrend. Since the last quarter of 2018, the market has been […]
What trade war? Trump and Xi made a truce at the G-20 meeting on Saturday. It didn’t matter what Trump did, whether it’s real tariffs, Twitter threats of ever increasing tariffs, blacklisting Huawei and five more other tech companies, Trump couldn’t pressure China to make concessions! China will never change its domestic laws to appease […]
The S&P 500 cash index had a great week last week, but it closed on a weak note by falling below the previous all time high on Friday. It is a good sign that S&P 500 was able to make a new all time high on Thursday, but caution is needed at this price level. […]
