Morning Notes

09/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average fell more than 700 points intraday as worries about rising interest rates again rattled markets. A shaky day in the bond market appeared to spook equity investors, as the Dow industrials recently dropped 600 points, or 2.4%, to 24293. Earlier in the session, the Dow fell as much as 704 points. The yield on the benchmark 10-year U.S. Treasury note was at 2.848%, near its highest level since January 2014, from 2.843% on Wednesday, according to Tradeweb.

read more...

08/02/2018 Argonaut Morning Note

U.S. stocks continued to swing Wednesday, extending one of their most volatile weeks in years as investors wonder how higher interest rates might affect the nearly nine-year old bull market. A recent rise in bond yields has stoked fears that a pickup in inflation globally could lead central banks to tighten monetary policy more quickly than expected, making stocks less attractive as interest rates rise.

read more...

07/02/2018 Argonaut Morning Note

U.S. stocks rallied in the final hour of trading after shock waves from its biggest-ever daily point plunge rippled through financial markets, sparking steep selloffs in equity benchmarks from Tokyo to Madrid. The Dow Jones Industrial Average climbed 451 points, or 1.9%, to 24796 intraday, after it dropped nearly 1,600 points at one point Monday and erased its gains for the year. The S&P 500 gained 1.7%, and the Nasdaq Composite rose 1.8%.

read more...

06/02/2018 Argonaut Morning Note

The Dow Jones Industrial Average plunged Monday, dropping nearly 1,600 points at one point, and remains on track for its largest one-day point decline on record. The global selloff in stocks rippled through Europe and Asia as well, as a long-running market rally threatened to become a rout. Indexes in all three regions gave up their gains for 2018. Monday's losses were broad-based, with all 11 sectors in the S&P 500 posting declines, led by losses in the energy, financials and health-care segments.

read more...

05/02/2018 Argonaut Morning Note

A rare burst of volatility jolted financial markets and sent stocks tumbling Friday, a sharp shift from the tranquillity that has characterized much of the market's nearly nine-year bull-market run. The Dow Jones Industrial Average dropped 2.5%, its biggest one-day decline since the U.K.'s surprise vote to leave the European Union in June 2016. The Dow fell 665.75 points to 25520.96 Friday, its biggest one-day point drop since December 2008. For the week, the blue-chip index fell nearly 1100 points, the most since the throes of the financial crisis in October 2008, taking many traders, analysts and investors by surprise.

read more...