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We have a fear versus fear versus fear show going on in that great market determinator called Wall Street, with stocks up overnight big time, despite the latest jobs report coming in better than expected!
We have a fear versus fear versus fear show going on in that great market determinator called Wall Street, with stocks up overnight big time, despite the latest jobs report coming in better than expected!
Let’s start with what Wall Street did this week and overnight, as this will have a big bearing on what happens on Monday on our market. The news is positive, with all the most-watched indexes up on Friday, and the VIX (or fear index) is on the slide to a low 16.31 reading.
It has been a losing week for stocks and Wall Street only just defied this trend at the close on Friday. Part of the negativity is the uninspiring profit story coming out of US reporting season, but who really should be surprised about that, with the Fed turning the thumbscrews on the economy with its aggressive interest rate strategy?
It was a positive week for US and local stocks with the S&P500 up 1.28%, while we added 1.72% with the S&P/ASX 200. Friday brought a bit of negativity but there were some pluses that could be added to the improving inflation story.
Despite the fact that the big three US market indexes ended in positive territory overnight, this is the big question for investors right now: just how bad is this banking crisis?
Despite the fact that the big three US market indexes ended in positive territory overnight, this is the big question for investors right now: just how bad is this banking crisis?
Despite the fact that the big three US market indexes ended in positive territory overnight, this is the big question for investors right now: just how bad is this banking crisis?
t was a weird week in many ways and what happened has left a number of experts with egg on the faces.
Trading on Wall Street overnight reminded us that the Star-Spangled Banner national anthem of the United States boasts or warns that we’re talking about “the land of the free and the home of the brave.”
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