Category: First Strike Portfolio Daily Alerts

U.S. markets continued their assault on all-time highs ahead of President Trump’s speech on trade policy at the Economic Club of New York. There was no fresh news on the U.S./ China trade front as Trump continued to repeat rhetoric an initial Phase 1 deal is close to being completed. The major indexes faded off […]

U.S. markets were sluggish throughout Monday’s session as trade tensions between the U.S. and China remained in focus. Over the weekend, President Trump said the U.S. would only make a deal with China if it was right for America while saying the reporting about U.S. willingness to lift tariffs had been exaggerated. Additionally, the U.S. […]

U.S. markets were sluggish on Friday’s open following disappointing economic news and ongoing trade developments concerning rolling back American tariffs on Chinese imports. President Trump said the U.S. hasn’t agreed to a rollback of tariffs on China as negotiations between the two countries continues. Trump added that while China wants a partial reversal of tariffs, […]

U.S. markets resumed their run at record highs on Thursday following news the U.S. and China have agreed in principle to roll back some tariffs amid progress on the Phase One trade deal. Solid earnings continue to pour in with 77% of companies now topping 3Q estimates as better-than-expected numbers also helped the rally. The […]

U.S. markets traded in tight ranges throughout Wednesday’s action following negative trade news concerning China and disappointing economic data. The signing of the phase one trade deal between the U.S. and China could be pushed out to December as the sides continue to negotiate terms and a signing venue. The major indexes recovered much of […]

U.S. markets showed strength on Tuesday’s open following another round of upbeat trade news with China. Reports that the Trump Administration is considering rolling back additional tariffs, one of the Chinese demands for the deal, lifted the Dow and the Nasdaq hitting fresh all-time highs shortly after the open. Momentum faded afterwards following mixed economic […]

U.S. markets opened at fresh record highs to start Monday’s action amid increasing optimism on trade. Commerce Secretary Wilbur Ross reiterated over the weekend that good progress was being made on a phase one deal with China and also suggested the U.S may not need to impose EU auto tariffs. The Nasdaq was up for […]

U.S. markets opened in rally mode following better-than-expected job numbers while holding momentum throughout the session and pushing fresh all-time highs. Comments from White House adviser Larry Kudlow who said trade talks with China were making progress also helped sentiment. Kudlow added the U.S. still aims to sign an initial deal this month, although the […]

U.S. markets were weak throughout Thursday’s session following reports that Chinese officials are warning that they won’t budge on some issues that have been pushed by the U.S. and that they remain concerned about President Trump’s impulsiveness, casting doubt on the potential to reach a long term trade deal. Meanwhile, President Trump tweeted that China […]

U.S. markets were tepid ahead of the Fed’s decision on interest rates with the major averages showing weakness on the open but some strength ahead of the news. As expected, a quarter-point reduction was announced with the action muted as Wall Street awaited further developments. Fed Chairman Jay Powell’s comments afterwards were once again scrutinized […]

U.S. markets were sluggish throughout the first half of Tuesday’s action as the major indexes danced on both side of the ledger and within tight ranges. Much of the nervousness comes ahead of the Fed’s decision on interest rates Wednesday afternoon with Wall Street in a wait-and-see-mode heading into the event. Second half weakness ensued […]

U.S. markets showed continued momentum on Monday after President Trump offered another upbeat assessment on the progress in the U.S./ China trade talks. Trump said phase one talks with China are ahead of schedule with the agreement expected to be signed in November. The rally helped push the major indexes towards and past all-times highs […]