Apparently not a whole lot of anything. The Fed made some small tweaks to their statement but it is still unclear whether interest rates will be raised in September or soon thereafter. There was plenty of action in the market over the last two days as we got the bounce I expected.
China’s Shanghai Composite Index dropped 8.5% today. It was the biggest percentage drop in 8 years. This spooked the markets around the globe. All the news bureaus were buzzing about China today. Meanwhile markets in the U.S. took it on the chin again today. Continue readingShare This:
The Dow Jones Industrial Average was down 163 points yesterday, and 282.5 points since my last update on Wednesday evening. For the week it was down 518 points closing at its lowest weekly close since January. I look at all the price action, indicators, ETFs and 5 stocks in the news in the video. In this post I want to talk about several things that were real eye-openers this week. Continue readingShare This:
In tonight’s video I look at the market action of the last two days and also check in on the German DAX, India’s Nifty Fifty and China’s Shanghai Composite Index.
Stocks in focus tonight are Apple (AAPL), Micron Technology (MU), Skyworks Solutions (SWKS) and Caterpillar (CAT). Continue reading