U.S. stocks fell this morning (SPY -0.3%) with losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Trump's accusation that Barack Obama, wiretapped him. New orders for U.S.-made goods increased for a second straight month.
Here is the current market situation from CNN Money
North and South American markets are mixed. The IPC is higher by 0.37%, while the Bovespa is leading the S&P 500 lower. They are down 0.71% and 0.29% respectively.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
PARIS/FRANKFURT (Reuters) - France's PSA Group has agreed to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car giant to challenge market leader Volkswagen .
(Reuters) - U.S. stocks fell on Monday with losses across sectors as investors' appetite for risk was curbed by geopolitical tensions in Asia and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him.
WASHINGTON (Reuters) - Trump administration trade adviser Peter Navarro said on Monday the $65 billion U.S. trade deficit with Germany was "one of the most difficult" trade issues, and bilateral discussions were needed to reduce it outside of European Union restrictions.
BERLIN/FRANKFURT (Reuters) - Deutsche Bank's request for shareholders to sign an 8 billion euro ($8.5 billion) check to back its new strategy got a lukewarm reception on Monday from investors who want more detail on its plans.
WASHINGTON (Reuters) - New orders for U.S.-made goods increased for a second straight month in January, suggesting the recovery of the manufacturing sector was gaining momentum as rising prices for commodities spur demand for machinery.
BERLIN (Reuters) - Hotels group Marriott International is planning to speed up the expansion of brands acquired in the takeover of rival Starwood, and is not ruling out further additions to its portfolio, its chief executive said on Monday.
GENEVA (Reuters) - Volkswagen will show off a fully self-driving car at the Geneva auto show, as part of the German carmaker's drive to be at the forefront of new technologies in the wake of its diesel emissions scandal.
While French presidential polls remain volatile, and according to some, rather useless in light of the polling industry's striking failure to forecast either Brexit or Trump's victory, one person is looking beyond the daily headlines and gyrations, which have suggested a surge for Macron in recent weeks at the expense of FIllon ...
... and warning that Marine Le Pen could win the forthcoming presidential election in France. That is the opinion of outgoing President Francois Hollande, who vowed on Monday to "do everything" in his power to stop it happening, adding it was his "ultimate duty" to prevent a Le Pen victory.
While Le Pen remains a favorite to win the first round of the French presidential election on April 23, she is then expected to lose in the deciding second-round run-off on May 7 either to the centrist and pro-business Emmanuel Macron or conservative candidate Francois Fillon. However, with Fillon's campaign in turmoil over embezzlement allegations, analysts - having been burned twice already in the past year on their election forecasts - have warned that the election is extremely difficult to predict.
"There is a threat" of Le Pen winning the election, Hollande acknowledged in comments to French daily Le Monde cited by Reuters. "The far-right has not been so high (in the polls) for more than 30 years but France will not give in," vowed the president.
France "is aware that the vote on April 23 and May 7 will determine not only the fate of our country but also the future of the European project itself," he added, envisioning Le Pen's vow to ditch the euro as France's currency if elected an ...
An investigation has revealed that the Teachers Insurance and Annuity Association—College Retirement Equities Fund (TIAA)'s ties to a land grabbing scheme in Brazil had previously unnoticed connections to the Clinton Foundation, Senator Elizabeth Warren, the Open Society Foundation and Warren Buffet's Berkshire Hathaway Group. The land grab occurred at the same time as a leadership reshuffle at the TIAA and contributed to a worsening situation where poor Brazilians were forced off of their land and activists seeking to stand in the way are increasingly being threatened and in some cases, murdered.
I. The TIAA Participates Financially In Corporate Efforts To Disenfranchise Poor Landowners In Brazil
The TIAA is a Fortune 100 financial services organization that is the leading retirement provider for people who work in the academic, research, medical and cultural fields. As of June 30, 2016, they served over 5 million active and retired employees participating at more than 16,000 institutions, with $889 billion in combined assets under management. The TI ...
The S&P 500 along with numerous indices have been screaming higher over the past 90-days. Pre-election fear levels were high and stock market bulls, were hard to find. The strong move up, has some sentiment indicators reversing course, from where they were 90-days ago. Sentiment remains important to us, not nearly as important though, as the Power of the Pattern.
The 2-pack below looks at the S&P 500 ETF (SPY) on a weekly closing basis (left) and Hi/Lo/Closing basis (right), over the past couple ...
Econintersect wants your comments,
data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.
Econintersect Live Market
Print this page or create a PDF file of this page
The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.
Take a look at what is going on inside of Econintersect.com