Closing positions of: DOW, FTSE 100, S&P 500, DAX, NASDAQ, NIKKEI & GOLD
I trade these indices on a regular basis
FTSE 100 – closed at: 7510 (down)
DAX – closed at: 12332 (down)
DOW – closed at: 27088 (up)
S&P 500 – closed at: 2999.9 (small move up)
NASDAQ – closed at: 8196 (small move down)
NIKKEI – closed at: 21643 (up)
GOLD – closed at: $1,403.5 (down)
U.S. Markets buoyed by rate cut probability.
DOW smashes through 27000 to close at 27088. It’s highest ever! Thank you Fed.
The main U.S. indices surged to all time highs as the markets rejoice in Fed’s strongest signal yet of an interest rate cut. The Fed’s softer approach is driving the markets up but with the potential backdrop of a global economic slowdown.
Fed goes soft on interest rate cut
Single handed the Fed takes control of the U.S. economy indicating it will wrap it up, once again, in an easy money policy blanket. Is this needed? Is the U.S. economy that close to a slowdown? Is fear of failure driving the decision? Trump pressure? Is it a pre-emptive market strike?
Is the latest economic data really that bad? Look at the recent job data report – wasn’t this better than expected? Maybe there is a trend here, the Fed is more worried about the economy than I can see? All I know is the markets are marching on regardless!
Trade war, tariffs and company results
Trade war and tariff concerns between U.S. and China remain. And U.S. company results are due to start next week. Will this spoil the interest rate cut party?
Trump says, in a tweet, he is not a fan of cryptocurrencies including Facebook’s latest crypto creation, Libra.