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Monthly Archives: July 2019

A ripping rally sending the S&P 500 up 10% is now the ‘highest probability outcome’

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters A truce between the U.S. and China has convinced Barclays that a market “mini bubble” is looming. With the G-20 outcome fueling optimism for an eventual trade deal, the stage is almost set for a …

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Why stocks can rally in July past weakest earnings since 2006

The market closed with more gains across major stock indexes on Tuesday — the S&P 500 posted its seventh record close of the year — and trading history suggests July can be a big winner for equities. Investors are showing some signs of wariness because performance has been so strong …

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Two factors will keep the stock market stuck right here

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to …

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One signal shows the S&P 500 and Apple can surge double digits: Cramer

The market may face some rough waters later this week, but the S&P 500 could be poised to surge more than 11% from current levels, CNBC’s Jim Cramer said Tuesday. The S&P finished the session above 2,973, another all-time high close. “The charts, as interpreted by Carolyn Boroden, suggest that …

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Drivers will pay less for gas this July 4th than last year, despite a recent rise in prices

Drivers should pay about a dime less per gallon for gasoline over the Fourth of July holiday than last year, even with a major refinery outage and new taxes in about a dozen states. A record 41.4 million people are expected to travel on the nation’s roadways over the long …

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Bitcoin dives below $10,000, giving up some of this year’s epic rally

Omar Marques | LightRocket | Getty Images Bitcoin plunged Tuesday below $10,000, cratering from a 17-month high hit just four sessions ago. The world’s most widely traded cryptocurrency dropped to a low of about $9,676 on Tuesday, a roughly $3,800 drop from its highs on Wednesday, according to Coindesk. Bitcoin …

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Special chart suggests stocks will rally into the July Fed meeting

Wall Street bull Bill Stone believes the run-up to the July Federal Reserve meeting will add some pep into the bull market. The chief investment officer of Avalon Advisors builds his case in a special chart that shows in a non-recessionary environment like this one, stocks typically gained. His data …

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This is now the longest U.S. economic expansion in history

This month marks the 121st month of the economic expansion arising out of the great financial crisis, making it the longest run on record going back to 1854. This cycle starting in June 2009 breaks the record of 120 months of economic growth from March 1991 to March 2001, according …

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Ariana Grande’s ‘Sweetener’ tour drives record voter registration at concerts

Concert goers prior to Dead & Company in concert at Sleep Train Amphitheatre in Chula Vista, California. Daniel Knighton | FilmMagic | Getty Images Ariana Grande’s “Sweetener” tour, which began in March, is already breaking records — at least for registering new voters ahead of the 2020 presidential election. Grande …

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Three options strategies for the week: July 1, 2019

The “Options Action” traders share three options trading strategies to kick off the week. Dan Nathan took a look at put buying in Microsoft.  Mike Khouw and Carter Worth broke down a call spread risk reversal in the Biotech ETF. Khouw also illustrated selling a call spread in Micron. 

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