September 20, 2019 9:24am

Let’s hope the sector bucks after being kicked

Timely insights have line extensions within or to a volatile pricing universe. Thus my line in writing is separating actionable numbers or intelligence and news into a short-term investment thesis to tackle the “unknown unknowns”

 

Hopefully spurs are not needed!

 

Dow futures are UP +0.23% ( points), S&P futures are UP +0.22% (+7 points) and NASDAQ futures are also UP +0.35% (+28 points)

 

U.S. stock index futures were slightly higher Friday morning, pushing Wall Street closer to record highs set earlier this year;

European stocks were slightly higher, as stimulus measures by global central banks eased fears about slowing economic growth with the pan-European Stoxx 600 was up around 0.25% during early afternoon deals, with most sectors and major bourses in positive territory.

Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached between the two economic powerhouses.

Data docket: None

  • Although, the People’s Bank of China published its new loan prime rates on Friday. The 1-year loan prime rate was cut to 4.2%, as compared to 4.25% a month ago, while the 5-year loan prime rate was unchanged from the previous month at 4.85%.

 

Henry’omics:

The moves in premarket trade come shortly after deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month.

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

In recent weeks, economic stimulus around the world has helped to ease fears about slowing global growth <CNBC>.

 

I was MIA last night – meetings, I will try to catch up on weekend!

 

Q3/19 to date:

  • In July, there were 9 positive, 1 holiday and 13 negative closes;
  • In August there had been 12 negative and 10 positive closes
  • In September there has been 6 positive, 1 holiday and 7 negative close

 

Companies in my headlights – It’s your decision; I provide an idea and context:

*** What will be ‘will be but,let the machines and algorithms do their best for entering this sector …

 

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions in securities referred to in this publication.