Equity Slide Resumes, Pressured by AI Concerns and Oil Prices
With an already “fragile” setup, equities are starting the week on the wrong foot.
With an already “fragile” setup, equities are starting the week on the wrong foot.
US equities see broad gains led by megacaps despite markets locking in a September rate hike with at least two more priced over the next year.
The equal-weight S&P is off 5% and new lows are climbing. Is that healthy? Let’s look closer.
Moderate earnings beats haven’t been enough to push these names higher, but there is some downside opportunity.
It was a surprisingly strong day, but is it a trap going into the August jobs report?
As we watch the market action after a Fed comment boosted morning trading, let me show you how I am actively trading a lower-priced spec name.
The market remains under pressure as it awaits significant employment news.
A close not too far from the highs is a good sign, but it is just the first step in a recovery.
U.S-Iran fighting escalates, but oil prices dip, ADP’s August jobs figure issues, plus other headlines moving the market this morning.
The market is under severe pressure as oil remains elevated and yields are rising everywhere at once.