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S&P 500: small pullback before new highs

June 8, 2016 12:50 PM
<p>The S&P 500 is now just 20 or so points away from reaching its previous record high of 2134/5 achieved back in May 2015. Will it reach or surpass this level remains to be seen, but with oil prices rallying, Chinese data improving slightly and central banks remaining uber-dovish, I wouldn’t bet against it. That being said, profit-taking may cause ...

S&P 500: Stocks, oil regain poise after initial wobble post oil data

May 18, 2016 12:00 PM
<p>U.S. stocks and crude oil prices were quick to bounce back from the initial wobble in the immediate aftermath of the official US weekly oil inventories report from the EIA as traders (and algos) responded to the headline build of 1.31 million barrels. Clearly this wrong-footed many speculators who had expected to see another drawdown following la...

S&P 500 faces key test next week

April 22, 2016 10:10 AM
<p>As we go to press, stocks and crude oil prices were off their lows as the sellers eased off the gas ahead of the weekend. The European markets had started Friday’s session on a downbeat note, weighed down by a slump in share prices of carmakers while miners were lower due to a slightly weaker oil price.  The winning streak on Wall Street came to ...