Our Wednesday's intraday trading outlook was neutral. It proved accurate because the S&P 500 index lost 0.1%, following a neutral opening of the trading session.
The main U.S. stock market indexes gained between 0.1% and 2.2% on Friday, as investors reacted to better-than-expected tech stocks quarterly earnings releases.
With U.S. stock markets repeatedly hitting new all-time highs and volatility being suppressed to new record lows, I can’t help but feel investors are becoming unjustifiably complacent.
The U.S.-based indices closed mixed this afternoon. Asian stocks closed higher in the overnight session as equities in Europe closed higher this morning.
This is the week we’ve all been waiting for. You may not have realized it but it’s true. On Marcn 15 we have a trifecta of events. Front and center is Fed Chair Janet Yellen who will raise rates because the change of season Fed meetings are always accompanied by the big press conference. Some think it will be 50 basis points. That’s very unlikely. Here’s why. On the same day is the Dutch elections, which many believe will push Europe closer to the dissolution of the EU, an event the globalists won’t appreciate.
