(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
Big banks took the spotlight early Friday, as three major firms reported results that looked pretty solid for the most part.
The atmosphere on Wall Street seemed calmer early Thursday after yesterday's slight losses. Earnings season looms close, and investors await big bank results.
The long rally showed signs of slowing Wednesday after a report said China might slow or halt purchases of U.S. bonds, possibly raising borrowing costs.
Monday trading appeared muted but still ended to the upside, notching records for SPX and Nasdaq. The SPX has risen in every trading day since the year began.
The countdown to earnings begins, with big bank results due later this week after a strong start to 2018. Inflation data also comes into play.
Jobs growth cooled off a bit in December, reaching just 148,000 and falling short of analysts' expectations. Still, the quality of jobs created was positive.
The DJIA started Thursday just 80 points from 25,000. This is after other major indices hit milestones of their own earlier this week. Data has been strong.
Transports and tech both performed strongly Tuesday in the first rally of the New Year. Today, Fed minutes and auto sales are worth watching.
for thinkMoney ®
Financial Communications Society 2016
for Ticker Tape
Content Marketing Awards 2016
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
The information is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only. Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2018 TD Ameritrade.