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June 28, 2024
Be the next one, this spread. Wti versus brent. U. S. Oil versus european oil getting more negative as we go. That means brent is seeing a nice rally. David President Trump addressed the nation to lay out plans for afghanistan saying the United States will remain committed, but not engage in nationbuilding. President Trump America will continue its support for the Afghan Government and the Afghan Military as they confront the taliban. We are a partner, a friend, but we will not dictate to the Af...
June 25, 2024
Records for all three major averages. There is another milestone we reached today. Thes 26 straight sessions s p has moved at least 1 . This goes all the way back to july 8. We have seen the s p up 8 in that timeline, and hitting records on multiple occasions as progress has continued to be slow progress upward. Lets look at the major averages. They are holding relatively steady with gains of 4 for the s p and the dow ands euro. 6 for the nasdaq. A lot of the gains have to do with oil prices. We...
June 24, 2024
Markets are two hours away from the close. Julie has the latest. Julie it looks like we are around the high for the session i what is in a relatively volatile day. Things bouncing around after the job reports. The nasdaq leading gains. The readas though now on the jobs report is relatively good. Coming in above estimates. The Unemployment Rate gained, which was not expected. All this equaling a gain. Matt the read on the jobs report was positive this morning and it is positive now. Julie its jus...
June 24, 2024
Even the nasdaq is in the green. It was resisting for much of the day. The s p 500 going above its 200date moving average, the technical a full technical level many traders have been watching good the dow is gaining strength as the day continues. The dow is green for the year as well. If you look at the yeartodate chart for the Dow Jones Industrial average. 2 , as we have had this run ever since a february 11. The s p is. 2 lower on the year. The nasdaq is up about 4. 7 on the year. We have been...
June 23, 2024
Taking a look at the markets right now, they are getting ways down by those, the s p down by a 30 minute percent. We are definitely off of our session lows. By as much aswn 100 60 points. We down now by about 50 points. We are at session highs even though we are a negative territory. Take a look at the dow for the entire day. We can see where the right has been. At 10 00 a. M. , that is when u. S. Personal income and spending came out. We have been slowly clawing our way back, and you can see he...