On the last day of July the Fed announced an interest rate cut by 25 basis points citing the reasons of “implications of global developments for the economic outlook as well as muted inflation pressures”. Less than 24 hours later, President Trump announced 10% tariffs against Chinese imports of $300 billion.
Immediately after the Fed decision, all three indices acted in concert selling off hard to put a weekly cycle high in place. You need to login to view the rest of the content. Please Login. Not a Member? Join Us
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 […]
