(Wednesday Market Open) After several days of tumbling amid trade war fears, markets look like they’re ready to possibly rebound a little Wednesday. Strength in European and Asian indices overnight could help provide some traction, and a slight pullback in bond prices might indicate more willingness among investors to embrace risk.
At the same time, volatility faded a bit, with the Cboe VIX falling back below 13 after rising above 14 earlier this week.
Despite these positive developments and a rally in pre-market trading, there’s no major change on the trade front that’s helped pin down stocks over the last few days. Maybe after a six-day losing streak for the Dow Jones Industrial Average ($DJI), people are simply engaged in some bargain hunting. Whether this can give the market a lift that lasts is unclear. We shall see.
In a major development r
There’s more trade trouble with China as President Trump doubled down on his tariff threats, putting additional pressure on stocks in pre-market trading.
A mini-rebound heading into the Friday close didn't carry through into Monday, as trade concerns weigh stocks in early trading Monday.
New U.S. tariffs on China announced today are front and center, while quadruple witching is another factor that might be worth watching.
The Fed raised its benchmark interest rate Tuesday, as expected, and included more hawkish language in a statement indicating a stronger economic outlook.
After AT&T-Time Warner ruling, investor focus today is likely to be on the conclusion of the Federal Open Market Committee meeting and press conference scheduled for this afternoon.
The Trump-Kim summit statement was light on details, leaving Wall Street in wait-and-watch mode.
The week is dominated by central bank meetings, including the Fed. There’s also some inflation data Tuesday and Wednesday, and the U.S. meeting with North Korea also looms large.
Global markets came under pressure Friday as G-7 leaders prepared to meet in Canada amid trade tensions. Meanwhile, back home, concerns surfaced about iPhone demand.
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