(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
Global markets followed the U.S. with a rally of their own early Thursday. Not much data or earnings news to monitor, so attention could turn toward G7 meeting.
Investors appear to be more optimistic this morning as worries about trade with Canada and China seeming to ease a bit.
After gaining Friday on a much better expected jobs report, stocks added to those gains Monday and look likely to do the same today.
The upbeat jobs report from Friday continues to be in focus, though trade tensions between the U.S. and its trading partners hasn’t left the scene. Strength in Europe and Asia overnight helped reinforce Friday’s positive U.S. market momentum.
Today’s jobs growth number for May came in at 223,000, well above estimates. Meanwhile, wage growth of 0.3% month-over-month and 2.7% for the year didn’t seem likely to trigger fears of inflation.
Equities futures were essentially flat as the geopolitical focus remained on Europe, where the news flow was a bit of a mixed bag.
Markets appear to eye a possible rebound after Tuesday’s move into safety mode on political tension in the Eurozone.
Stock market investors were focusing on politics in Spain and Italy to start off a week filled with economic data.
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.