As the trade war between the US and China is cooling off, global stock markets have been all rushing to the top without taking a breath. This has made those who missed the opportunity to jump in during the big pull back caused by Trump’s accidental tweeting greatly disappointed. However, I have to assure … Continue reading Preparing for a Better Future
With the announcement of the latest interest rate cut for the consecutive third time of the year 2019, US equity market indexes have all welcomed the decision. And two of them, Nasdaq and S&P 500 have charted new historical heights firmly into new territories (Chart A). (Chart A) US stock market charted into new historical … Continue reading Exciting Events to Watch After Another Rate Cut
Interestingly, at the backdrop of all negative global economic prognosis, most US market indexes have arrived at or near historical heights at the market close on Friday (Chart A). There is an important observation for the market trend next week. There can be two scenarios; the US market may break above historical height or drop … Continue reading Decisive Market Future Next Week
The week long-awaited moment of excitement is finally going to unveil next week. So far for this week, corporate earnings reports provided nothing surprising. The latest update on corporate earnings reported for the second quarter 2019, out of the 218 companies listed in the S&P 500, 75.2% of them have topped estimate. It has further … Continue reading Critical Market Watch Next Week: July 29th, 2019
Global stock market for the month of May reflected the curse of “sell in May, go away” seasonal expectation. The entire month of May has seen global stock market slipping all the way down. Partly to blame is the rekindle trade war between US and China. Hong Kong market has its worst performing month since … Continue reading Market Observation for June 2019
With the halt of negotiation talk from the Chinese representatives expressed on Friday, trade war fear escalation was again thrown into focus. China markets represented by Shanghai Composite index dropped immediately down 2.45% after such news on Friday, May 17th. All major US equity markets were not spared from such new development; all were down … Continue reading Is Global Recession Inevitably Coming?
Last Sunday, May 5th, President Trump of the US twisted in 102 words that he is going to raise tariff rate to 25% from 10% for Chinese good import value of USD 200 billion starting from Friday. This twister message has reportedly wiped out more than 13 billion USD from the worldwide stock market in … Continue reading Don’t Panic, It’s not the End of the World Yet!