|Day's range||27,708.34 - 27,828.33|
|52-week range||21,712.53 - 28,090.21|
Headlines moving the stock market in real time.
Federal Reserve officials appear to be on pause after cutting rates by 75 basis points, according to minutes covering the Fed’s October policy-setting meeting.
The only worry is, will a rally driven by over-optimism, end with a sell-off driven by excessive pessimism? In other words, we don’t know at this time if the correction will end with a soft-landing or a hard crash.
At this time, the consensus among economists is that the Fed will now pause after cutting rates three times in 2019, with its benchmark rate in a range of 1.5% to 1.75%.
Based on the early price action and the current price at 27810, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Wednesday is likely to be determined by trader reaction to the long-term uptrending Gann angle at 27879.
Investing.com – Volatility was back forcefully in oil Wednesday with the market jumping nearly 3% to recoup almost all it lost in the previous session.
Investing.com – Stocks were slumping Wednesday afternoon as investors wrapped their arms around the idea a Phase One trade deal between the United States and China is stalled and probably won't get signed this year.
Investing.com – Wall Street fell on Wednesday as tensions between the U.S. and China put a damper on any hope of a trade breakthrough between the two.
The warnings signs are there for investors to at least lighten up on the long side in the stock market. My advice is to start looking for value areas and to try to avoid investing on the fear that you are going to miss a major rally.
US stocks fell to session lows, putting the S&P 500 on track for its biggest one-day drop in six weeks, and Treasuries surged amid concerns a phase one trade deal between the US and China may not be completed this year. The S&P 500 was down 0.8 per cent, while the Nasdaq Composite sank 1.1 per cent and the Dow Jones Industrial Average shed 0.9 per cent. The yield on the benchmark 10-year US Treasury dropped to be 5.1 basis points lower at 1.7346 per cent.
Based on the early price action and the current price at 27888, the direction of the December E-mini Dow Jones Industrial Average the rest of the session on Tuesday is likely to be determined by trader reaction to Monday’s close at 28008.
Investing.com – Stocks struggled to keep the big rally moving Tuesday, but weakness in retail stocks pulled the Dow lower and kept the S&P; 500 in check.
Investing.com – Wall Street rose on Tuesday as investors remained optimistic about trade after Washington extended an exception for U.S. companies that do business with black-listed Chinese firm Huawei.
A “phase one” trade deal between the United States and China could be finalized and signed before Christmas this year. The U.S. stock market will fall “in a material way” as soon as it’s clear Elizabeth Warren will become the Democratic Party’s candidate. Goldman Sachs analysts believe the U.S. economy is poised to snap back and certain stocks could have the most upside from the economic recovery.