Top

Blog

unitedassetadmin has not set their biography yet

US Futures are Slightly Lower Ahead of Key Economic Data

US futures are slightly lower ahead of key economic data.  Later this morning we will get manufacturing PMI, services PMI and new home sales.  Investors will also be waiting to hear what a few Fed speakers say about the economy and the Fed’s monetary policy.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are trading lower following euro zone PMI which shows slower growth in the region.  

Continue reading
15 Hits

US Futures are Slightly Lower as Investors Remain Cautious with Oil Prices Hovering Around Recent Lows

US futures are slightly lower as investors remain cautious with oil prices hovering around recent lows.  Oil is up slightly in early morning trade but the recent correction has many investors concerned over growth and inflation numbers.  In economic data, weekly jobless claims came in at 241,000 compared to estimates of 240,000.  Markets in Asia closed lower led by the Shanghai index as lower oil prices pressured markets there.  European markets are trading lower led by the FTSE.

Continue reading
31 Hits

US Futures are Slightly Lower This Morning as Investors Grew More Concerned About Lower Oil Prices

US futures are slightly lower this morning as investors grew more concerned about lower oil prices.  All 3 major US indices fell yesterday as oil fell, going into correction territory following yesterday’s 2 % drop.  Crude is trading around $43.50 and Brent is right around $46.00 a barrel.  In economic data, mortgage applications rose 0.6 percent and later today we will get data for existing home sales.  Markets in Asia closed mostly lower on the fall in oil prices except for the Shanghai index which closed higher after MSCI decided to add China A shares to its benchmark emerging market index.  European markets are trading lower led by the CAC.

Continue reading
32 Hits

US Futures are Slightly Lower This Morning After Yesterday’s Rally led by the Tech Sector

US futures are slightly lower this morning after yesterday’s rally led by the tech sector.  No major economic data is due to be released today but lower oil prices continue to pressure markets.  Later today we will get speeches out of a few Fed members which may give investors clues as to where the Fed stands in terms of policy.  Investors will also look ahead to House Speaker Ryan’s speech on tax reform which is set for 12:45 pm today.  Markets in Asia closed mostly higher with the Nikkei leading the way up.  European markets are trading flat to lower on lower oil prices.

 

 

Continue reading
24 Hits

US Futures are Slightly Higher This Morning as They Track the Move in Global Markets

US futures are slightly higher this morning as they track the move in global markets.  Markets in Europe are trading higher on the back of news that French President Macron won a majority of the seats in the National Assembly over the weekend.  The CAC and the DAX are both trading up about 1 percent on the back of this news.  Asian markets closed higher led by the Hang Seng.  No major economic data is due out in the US today and investors will look ahead to speeches from Fed officials. 

 

 

Continue reading
20 Hits

US Futures Are Flat Despite Poor Housing Numbers

US futures are flat despite poor housing numbers.  Housing starts unexpectedly fell by 5.5% in May to an annualized rate of 1.092 million, well below consensus estimates.  Food retailers are being pressured this morning as Amazon announced their intention to purchase Whole Foods.  European shares are higher led by auto stocks as new cars sales continue to improve.  Asian shares closed mostly higher after the BOJ left their policy unchanged.

Continue reading
26 Hits

US Futures are Lower This Morning on the Back of a Sell-Off in Technology Stocks

US futures are lower this morning on the back of a sell-off in technology stocks.  FAANG stocks are trading lower in the premarket as investors grow concerned over valuations.  Investors are also weighing the effects of the Fed’s decision to hike rates yesterday.  Asian markets closed mostly lower led by the Hang Seng.  Markets in Europe are trading lower with all 3 major indices trading down over 1 percent.

Continue reading
24 Hits

US Futures are Slightly Higher as Investors Await the Fed's Interest Rate Decision Following Their Two Day Meeting

US futures are slightly higher as investors await the Fed’s interest rate decision following their two-day meeting.  The Fed’s two-day meeting will end at 2:00 pm with an announcement to follow.  Fed Chair Yellen will speak following the meeting and investors will look for detail on the Fed’s balance sheet as well as future rate increases.  In economic data, the consumer price index for May came in below estimates and retail sales also came in below estimates.  Markets in Asia closed mostly lower led by the Shanghai index and European markets are trading higher led by the DAX.            

Continue reading
38 Hits

US Futures are Slightly Higher This Morning as Tech Stocks Look to Bounce Back From a Two-Day Slide

US futures are slightly higher this morning as tech stocks look to bounce back from a two-day slide.  The FAANG stocks are trading higher in the premarket after a sharp two-day selloff which saw Apple fall over 6 percent and Facebook fall over 4 percent.  In economic data, the NFIB small business index came in 104.5 compared to estimates of 104 and later today we will get the latest producer price index.  Asian markets closed mostly higher with the Shanghai index leading the way.  Markets in Europe are trading higher led by the DAX.

Continue reading
28 Hits

US Futures are Lower This Morning as Tech Stocks Continue to Fall

US futures are lower this morning as tech stocks continue to fall.  Tech stocks sold off last Friday as large cap tech stocks gave up some of their gains with Apple closing down close to 4 percent and the sector overall was down 2.7 percent.  Higher oil prices helped offset some of the tech losses with both Crude and Brent up close to 2 percent.  Asian markets closed lower led by the Hang Seng and markets in Europe are trading lower with the DAX and the CAC down 1 percent each.

Continue reading
40 Hits

US Futures are Slightly Higher This Morning as Investors Weighed the Results of the UK Election

US futures are slightly higher this morning as investors weighed the results of the UK election.  The Conservative party in the UK lost their majority in parliament following yesterday’s snap election.  This was not the expected result but stock markets globally are mostly ignoring the results here.  Markets in Europe are trading higher led by the FTSE as the pound falls following the results of the election.  Asian markets closed mostly higher led by the Nikkei.

Continue reading
34 Hits

US Futures are Slightly Higher After ECB Holds Steady on Rates

US futures are slightly higher after ECB holds steady on rates.  The ECB held rates unchanged as expected and reiterated that they are prepared to act further if needed as inflation remains subdued.  In U.S. economic news, initial jobless claims fell to 245,000, slightly above expectations of 241,000.  Markets will be watching former FBI Director James Comey testify in the Senate for potential market moving news.  European shares are mixed after the ECB announcement and the market awaits Parliament election results in the U.K.  Asian shares closed mostly higher on better trade data in China.

Continue reading
39 Hits

US Futures are Higher as Mortgage Applications Bounce from Recent Weakness

US futures are higher as mortgage applications bounce from recent weakness.  The Mortgage Bankers’ Association reported that applications for mortgages rose 10% last week, bouncing from 3 straight weeks of declines.  European shares are being led higher by bank shares as Santander agreed to buy Banco Popular.  Asian shares closed mixed as investors were cautious with several potential global catalysts on Thursday.

Continue reading
34 Hits

US Futures are Slightly Lower This Morning as Investors are Cautious Ahead of Thursday’s Market Moving Events

US futures are slightly lower this morning as investors are cautious ahead of Thursday’s market moving events.  In the US, we will get the testimony of former FBI Director James Comey.  In Europe, we will get an announcement from the ECB along with the UK elections.  Asian markets closed mixed with the Nikkei closing lower while the Shanghai index closed higher.  European markets are trading lower led by the DAX.  Later today, we will get the JOLTs jobs report. 

Continue reading
23 Hits

US Futures are Slightly Lower as Investors Await Economic Data for Direction

US futures are slightly lower as investors await economic data for direction.  Economic data due out later this morning include services PMI and ISM non manufacturing for May.  All 3 major US indices closed at record highs on Friday despite a worse than expected government jobs report and oil prices falling.  Oil is down again today as investors are concerned over tensions among a few Middle East countries and Qatar.  Markets in Asia closed mostly lower led by the Shanghai index and European markets are trading lower led by the CAC. 

Continue reading
25 Hits

Lee DeLorenzo Named to Barron’s 2017 “Top 100 Women Financial Advisors” List for 8th Consecutive Year.

Lee DeLorenzo, CFP®, CPWA®, President of United Asset Strategies, Inc., a wealth management firm based in Garden City, NY, has been named as one of Barron’s 2017 Top 100 Women Financial Advisors in the country for the eighth year in a row.

“It’s an absolute honor to be included among the top women financial advisors in the country”, DeLorenzo says.  For 37 years, Lee has been a steward to her clients and staff and has always remained fiercely independent, acting as a fiduciary in all that she does.  In Lee’s words, “At United Asset Strategies, we always put our clients first. We are committed to exceptional service and prudent, disciplined daily money management.”

Lee began her financial service career in 1979 and since then has turned a family business into one of the most successful advisory companies in the country.  Lee’s extensive experience in investment consulting provides the platform for a variety of money management styles and her financial planning background produces a holistic tax-sensitive, personal approach to active money management.

The Barron’s ranking reflects data provided by the nation’s top advisors and incorporates the volume of assets overseen by the advisor and their team, revenues generated for the firm and the quality of the advisors' practice.  For more information about Lee DeLorenzo, CFP®, CPWA® and United Asset Strategies, Inc., please call 516-222-0021, or visit www.unitedasset.com.

Continue reading
34 Hits

US Futures are Flat This Morning After Paring Gains Following the Monthly Jobs Report

US futures are flat this morning after paring gains following the monthly jobs report.  The US jobs report came in at 138,000 jobs added compared to estimates of 185,000 with the unemployment rate falling to 4.3 percent.  Lower oil prices also added to the pessimism as Brent and crude oil are both down about 2 percent in early trade.  The US’s decision to withdraw from the Paris Agreement creates concerns that there will be more drilling out of the US.  Markets in Asia closed mostly higher led by the Nikkei and European markets are trading higher led by the DAX. 

Continue reading
34 Hits

US Futures are Slightly Higher Following a Stronger Than Expected ADP Jobs Report

US futures are slightly higher following a stronger than expected ADP jobs report.  The ADP private jobs report came in at 253,000 compared to estimates of 185,000.  In other data, weekly jobless claims came in at 248,000 compared to estimates of 239,000 and later today we will get ISM manufacturing, manufacturing PMI and construction spending data.  Asian markets closed mostly higher led by the Nikkei while the Shanghai index closed lower following a weaker than expected Caixin PMI number.  Markets in Europe are trading higher with the CAC leading the way.     

Continue reading
43 Hits

All 3 Major Indices are Looking to Close the Month of May Higher Despite Oil Falling

US futures are higher this morning despite falling oil prices.  All 3 major indices are looking to close the month of May higher despite oil falling.  Crude and Brent are both down around 2 percent as investors continue to be concerned over rising output and a shorter than expected cut out of OPEC.  Later this morning we will get economic data for pending home sales and the Chicago PMI.  The Fed Beige Book will also be released later today.  Asian markets closed mixed with the Nikkei lower while the Shanghai closed higher on better than expected PMI numbers out of China.  European markets are trading higher led by the DAX. 

Continue reading
45 Hits

US Futures are Slightly Lower This Morning as Investors Weighed Economic Data and Lower Oil Prices

US futures are slightly lower this morning as investors weighed economic data and lower oil prices.  Economic data released earlier this morning include personal income which came in line with expectations and consumer spending rose 0.4 percent which is the most in 4 months.  Later today, we will get consumer confidence data for May.  Oil prices continue to move lower with crude down over 1 percent and Brent down nearly 2 percent in early trade.  Markets in Asia closed flat to lower and European markets are trading down led by the CAC.

Continue reading
61 Hits

US Futures are Lower This Morning as Investors Weighed First Quarter GDP and Durable Goods Data

US futures are lower this morning as investors weighed first quarter GDP and durable goods data.  Economic data released this morning include the first revision to first quarter GDP which showed the economy grew at a pace of 1.2 percent compared to estimates of 0.7 percent and durable goods data fell less than expected.  Later this morning we will also get consumer sentiment for May.  Markets in Asia closed mostly flat to lower with the Nikkei leading the way down on the back of lower oil prices.  European markets are trading mixed as the DAX is leading the way lower while the FTSE is trading higher.  

Continue reading
44 Hits

US Futures are Higher This Morning as Investors Weighed the Fed Minutes and OPEC’s Production cut Deal

US futures are higher this morning as investors weighed the Fed minutes and OPEC’s production cut deal.  Markets closed higher yesterday after the Fed’s May meeting minutes showed the Fed officials were mostly in unison on their method of unwinding the Fed’s large balance sheet when that time comes.  That optimism seems to be rolling into futures this morning despite OPEC’s decision to only extend production cuts 9 months which is less than expected.  Oil prices are lower on the news out of OPEC.  In economic data, weekly jobless claims came in at 234,000 compared to estimates of 237,000.  Asian markets closed higher led by the Shanghai as they tracked the previous US session.  Markets in Europe are trading mostly lower as a drop in oil prices weighed on markets there.

Continue reading
41 Hits

US Futures are Slightly Higher Ahead of the Fed Minutes that will be Released Later Today

US futures are slightly higher ahead of the Fed minutes that will be released later today.  Investors will be looking through the Fed’s May meeting minutes to find clues on potential upcoming rate hikes.  The CME’s FedWatch tool is currently pricing in an 83 percent probability of a rate hike in June.  Markets in Asia closed higher led by the Nikkei and European markets are trading mixed as the FTSE is the only major market trading higher.  Later today, existing home sales will be released.      

Continue reading
45 Hits

US Futures are Slightly Higher as Markets Continue to Recover From Last Week’s Sharp one day Selloff

US futures are slightly higher as markets continue to recover from last week’s sharp one day selloff.  Investors will be looking ahead to economic data which include new home sales and Markit Flash US Composite PMI data which are both due to be released later this morning.  Markets in Asia closed mostly lower with the Shanghai index leading the way.  European markets are trading higher despite the news of the terrorist attack in Manchester as strong economic data drives stocks higher.    

Continue reading
43 Hits

US Futures are Slightly Higher This Morning as Oil Continues to Move Higher

US futures are slightly higher this morning as oil continues to move higher.  Oil is up ahead of this week’s OPEC meeting with crude trading above $51 a barrel and Brent trading above $54 a barrel.  No major economic data is due out today and earnings season is winding down.  Markets in Asia closed mostly higher led by the Hang Seng while the Shanghai index closed down slightly.  European markets are trading higher with the FTSE leading the way on the back of higher oil prices.

Continue reading
40 Hits

US Futures are Higher This Morning as Oil Looks to be Stabilizing

US futures are higher this morning as oil looks to be stabilizing.  Brent and crude oil are both up over 1 percent in early trade as crude is looking to break back above $50 a barrel.  Major corporate earnings released today include Deere which reported a big beat on the top and bottom lines.  Asian markets closed mostly flat as investors there remain cautious with the political turmoil in the US.  Markets in Europe are trading slightly higher led by the CAC.      

Continue reading
53 Hits

US Futures are Lower This Morning as Political Turmoil Continue to Weigh on Sentiment

US futures are lower this morning as political turmoil continue to weigh on sentiment.  All 3 major US indices were down sharply yesterday as investors’ concerns grew over whether Trump’s policies can still pass following recent scandals.  In economic data, weekly jobless claims came in at 232,000 compared to estimates of 240,000 and the Philadelphia Fed business index came in at 38.8.  Asian markets closed lower as they tracked the US markets with the Nikkei leading the way as the yen strengthened.  Markets in Europe are trading lower led by the FTSE.

Continue reading
50 Hits

US Futures Are Down This morning as Concerns Grow on Whether Trump Can Push Forward His Policies.

US futures are down this morning as concerns grow on whether Trump can push forward his policies.  Political turmoil in the US increased after reports that President Trump asked former FBI Director James Comey to stop an investigation into former National Security Adviser Michael Flynn.  The White House has denied these allegations but this raises political turmoil which may interfere with pushing forward any growth policies.  Markets in Asia closed lower led by the Nikkei as the yen strengthened and European markets are trading mostly lower led by the CAC and the DAX.

Continue reading
51 Hits

US Futures are Slightly Higher This Morning as Investors Weighed Better Than Expected Earnings out of Home Depot

US futures are slightly higher this morning as investors weighed better than expected earnings out of Home Depot.  The home improvement stores have been the lone bright spot in retail and Home Depot reported better than expected earnings with the stock moving up pre-market.  In economic data, housing starts came in below estimates while industrial production rose more than expected.  Oil prices continue to move slightly higher as Brent and crude prices are up close to 1 percent each.  Markets in Asia closed mostly higher led by the Shanghai index and European markets are also trading higher as the FTSE leads the way.

Continue reading
51 Hits

US Futures are Higher This Morning on the Back of Higher Oil Prices

US futures are higher this morning on the back of higher oil prices.  Oil prices rose after OPEC nations said they would extend their production cut from the idle of this year until March of 2018.  Crude and Brent oil are both trading up over 3 percent on the back of this news.  In economic data, the Empire State manufacturing index came in at negative 1 in May and later today we will get the home builders survey.  Asian markets closed mostly higher led by the Hang Seng and markets in Europe are trading mixed as the FTSE is higher while the CAC and the DAX are down slightly.

Continue reading
71 Hits

US Futures are Slightly Lower as Investors Weighed Economic Data

US futures are slightly lower as investors weighed economic data.  According to the Commerce Department, retail sales rose less than expected as retailers continue to slump following poor earnings out of Macys and Nordstrom.  Other data included CPI which rose 0.2 percent and later this morning we will get data for consumer sentiment.  Oil prices try to stabilize as Brent and crude prices are both slightly higher.  Asian markets closed mixed with the Nikkei closing down while the Shanghai index finished higher.  European markets are trading slightly higher. 

Continue reading
63 Hits

US Futures are Lower This Morning as Investors Weighed Corporate Earnings and Economic Data

US futures are lower this morning as investors weighed corporate earnings and economic data.  Earnings out of Snap and Macy’s missed estimates and both stocks are falling sharply.  In economic data, the producer price index rose 0.5 percent which is more than expected and weekly jobless claims came in below estimates.  Oil continues to rebound with crude up slightly and trading close to $48 a barrel again.  Asian markets closed higher led by the Shanghai and markets in Europe are trading flat to slightly lower. 

Continue reading
58 Hits

US Futures are Slightly Lower This Morning Following the Surprise Firing of FBI Head James Comey

US futures are slightly lower this morning following the surprise firing of FBI head James Comey.  President Trump fired FBI Director James Comey late yesterday citing the need to find new leadership to restore the public’s trust and confidence in the FBI.  This move is controversial because of the FBI’s current investigation into the President’s ties to Russia.  In economic data, import prices rose 0.5 percent which is more than expected.  Asian markets closed mostly higher with the Hang Seng leading the way higher while the Shanghai index closed lower.  Markets in Europe are trading mostly higher led by the FTSE as markets there weighed the firing of James Comey.       

Continue reading
54 Hits

US Futures are Higher Despite Lower Small-Business Confidence

US futures are higher despite lower small-business confidence.  The NFIB reported that small-business confidence fell slightly to 104.5 in April, however, still at levels near multi-year highs.  At 10am, the Labor Department will release the latest job openings data for March.  European shares are higher as commodity prices stabilize.  Asian markets closed mixed, digesting gains from yesterday’s session.

Continue reading
55 Hits

US Markets Tick Higher on Better Than Expected Job Gains

US markets tick higher on better than expected job gains.  The Labor Department reported that payrolls rose by 211,000 in April with the unemployment rate falling to 4.4%.  The latest payroll numbers continue to support the Fed’s measured rate hikes for the foreseeable future.  European shares have rebounded, being weighed down earlier in the session by slumping commodities.  Asian markets closed mixed, pressured by falling commodities and the overnight rout in oil.

Continue reading
64 Hits

US Futures are Higher This Morning as Investors Weighed Economic Data and The Statement From The FOMC

US futures are higher this morning as investors weighed economic data and the statement from the FOMC.  Following their May two day meeting, the Fed signaled that it’s not concerned about recent weakness in the economy and investors believe a June hike is on the table.  In economic data, weekly jobless claims fell 19,000 to 238,000 which is better than expected while US productivity came in below estimates.  Later today we will get data for factory orders.  Markets in Europe are trading higher led by the CAC after the debate between Le Pen and Macron seem to have gone as expected.  Asian markets closed mixed with the Nikkei higher while the Shanghai index closed down slightly.

Continue reading
64 Hits

US Futures are Flat This Morning as the Fed Begins Their Two Day Meeting

US futures are flat this morning as the Fed begins their two day meeting.  The market isn’t expecting the Fed to hike rates this meeting but investors will remain cautious going into the announcement tomorrow.  Investors are also weighing major corporate earnings that included MasterCard and Pfizer beating on the bottom line this morning and Apple will report after the bell.  Markets in Asia closed mostly higher led by the Nikkei while the Shanghai index is lower after the Caixin Manufacturing PMI came in at its lowest reading in seven months.  European markets are trading higher led by the FTSE as the Markit eurozone Manufacturing PMI came in at its fastest pace in six years. 

Continue reading
68 Hits

US Futures are Slightly Higher This Morning After Lawmakers Reached a Deal to Avoid a Government Shutdown

US futures are slightly higher this morning after lawmakers reached a deal to avoid a government shutdown.  The agreement will keep the government funded for the next months.  In economic data, personal income and consumer spending came in below expectations.  Later today we will get ISM manufacturing data as well as construction spending data.  Markets in Asia closed mostly higher led by the Nikkei while European markets are trading lower led by the FTSE.

Continue reading
67 Hits

US Futures are Mixed This Morning as Investors Weighed GDP Data

US futures are mixed this morning as investors weighed GDP data.  First quarter GDP came in at 0.7 percent growth compared to expectations of 1.2 percent according to Reuters.  This is the weakest growth number in three years.  Other data due out today include the Chicago PMI and consumer sentiment.  Oil looks to stabilize as crude trades over $49 a barrel and Brent is trading close to $52.  Asian markets closed mostly lower with the Hang Seng leading the way and markets in Europe are trading mostly lower led by the FTSE.

Continue reading
67 Hits

US Futures are Slightly Higher This Morning as Investors Look at Earnings for Direction.

US futures are slightly higher this morning as investors look at earnings for direction.  Major earnings coming after the bell today include Amazon, Alphabet and Microsoft.  In economic data, weekly jobless claims rose 257,000 which is more than expected.  Later today, pending home sales will be released.  Markets in Europe are trading lower as the ECB keeps their policies unchanged.  Asian markets closed mostly higher with the Nikkei the only major index down after their central bank kept policy unchanged as well. 

Continue reading
73 Hits

Trump's Tax Plan Released Today - Referred To As "Largest Tax Reform Package Since 1986"

White House Economic Advisor Gary Cohn and Treasury Secretary Steve Mnuchin laid out the framework for President Trump’s tax reform plan, which they referred to as the largest tax reform package since 1986.  Here are the highlights:

 

  • Reduce U.S. corporate tax rate to 15% from 35%;

  • One-time repatriation of overseas cash by corporations at a “competitive” (yet undisclosed) rate;

  • Personal tax brackets go from 7 to 3 (10%, 25%, 35%);

  • Cap gains rate is 20%, but the Obamacare tax of 3.8% is eliminated;

  • Eliminates personal deductions, except for charitable contributions and home mortgage deductions.  This would impact high tax states, as it would eliminate the tax deduction on state and local taxes;

  • NO border adjustment tax included; and,

  • Eliminates the estate tax.

 

It is just a framework and is devoid of many of the details that will need to be negotiated over the coming months.  Some experts have estimated that the loss in revenue could increase the deficit by $2T-$7T (big variance) over the next 10 years.  But much of this could be offset by the tax on repatriated funds and the loss of local/state tax deduction.  The GOP also believes that using dynamic scoring (means lower taxes would stimulate economic growth and that is included in forecasting) will offset revenue loss.

 

There is a tough road ahead from bare-bone proposal to ultimate law, so let the negotiations begin.  Not much detail at this point, but at least it gets the ball rolling.

Continue reading
103 Hits

US Futures are Flat This Morning as Investors Await President Trump’s Tax Plan

 

US futures are flat this morning as investors await President Trump’s tax plan.  Markets are coming off a strong two day rally following the first round of the French election as the risk on trade has been on.  The White House is expected to push for a 15% corporate tax rate in what would be the biggest tax cut in the history of the US.  Asian markets closed higher led by the Nikkei as the yen weakened and markets in Europe are trading mostly flat to slightly lower.    

 

Continue reading
78 Hits

US Futures are Higher as They Look to Continue the Rally Following the First Round of the French Elections

US futures are higher as they look to continue the rally following the first round of the French elections.  Markets are getting a boost from better than expected earnings from some big names including DuPont, Caterpillar and McDonalds.  The S&P/Case-Shiller US National Home Price Index came in at 5.8 percent compared to estimates of 5.7 percent.  Later today we will get consumer confidence data as well as new home sales data.  Markets in Asia closed higher led by the Hang Seng as they track the global rally.  European markets continue to trade higher led by the CAC.

Continue reading
65 Hits

US Futures are Sharply Higher This Morning Following the French Vote Over the Weekend

US futures are sharply higher this morning following the French vote over the weekend.  The first round of the French vote ended with Emmanuel Macron and Marine Le Pen leading the way and going into a head to head vote on May 7.  Because of the voting results, markets see little chance for Le Pen to win the election.  European markets are trading sharply higher on this news with the CAC up over 4 percent.  Markets in Asia closed mostly higher with the Nikkei leading the way on the back of a lower yen as investors sold risk-off securities.            

Continue reading
65 Hits

US Futures are Slightly Higher This Morning as Investors Look to Follow up on Yesterday’s Rally

US futures are slightly higher this morning as investors look to follow up on yesterday’s rally.  Markets rallied yesterday after Treasury Secretary Mnuchin said they will reveal a tax reform plan very soon.  In economic data, existing home sales will be released later this morning.  Markets in Europe are trading mostly as we head into the first round of the French election.  Markets seem to be reacting little to the terrorist shooting yesterday in Paris.  Asian markets closed mostly higher as they track the previous US session.         

Continue reading
67 Hits

US Futures are Higher This Morning as Oil Looks to Stabilize

US futures are higher this morning as oil looks to stabilize.  Oil prices fell sharply yesterday after a surprise climb in US gasoline supply pressured prices.  Investors also weighed weekly jobless claims that came in slightly above expectations as well as the Philly Fed Index that fell to 22 from a 32.8 reading in March.  Asian markets closed mostly higher led by the Hang Seng; and European markets are trading mostly higher with the CAC leading the way as the French election nears. 

Continue reading
77 Hits

US Futures are Slightly Higher as Investors Look to Earnings for Direction

US futures are slightly higher as investors look to earnings for direction.  IBM reported earnings that missed while Morgan Stanley reported better than expected earnings.  No major economic data is due to be released today.  Markets in Asia closed mostly lower as they track the US markets with the Shanghai index leading the way lower.  European markets are trading mixed with the DAX and the CAC higher while the FTSE as the UK’s snap election coming up in June still looms over investors.

Continue reading
67 Hits

US futures are lower this morning as geopolitical tensions continue to loom

US futures are lower this morning as geopolitical tensions continue to loom.  Tensions in the North Korea region rose as the US continues to rein in on North Korea’s nuclear tests.  In economic data, housing starts fell more than expected with a 6.8 percent drop.  Markets in Asia closed mostly lower led by the Hang Seng while the Nikkei closed slightly higher.  European markets are trading down sharply led by the FTSE as UK PM Theresa May announced plans to call a snap election on June 8th

Continue reading
73 Hits

US futures are slightly higher this morning as earnings season goes into full swing

US futures are slightly higher this morning as earnings season goes into full swing.  So far the majority of earnings have come in better than expected on the bottom line but geopolitical tensions around North Korea continue to loom.  In economic data, the Empire State index hit 5.2 in April compared to 16.4 in the previous month.  Asian markets closed mostly lower led by the Shanghai index despite a beat in China’s GDP.  Markets in Europe are trading lower led by the CAC.  Later today, the NAHB survey will be released.

Continue reading
75 Hits

US futures are slightly lower as investors weighed Trump’s policies

US futures are slightly lower as investors weighed Trump’s policies and potential geopolitical risks in Syria and North Korea.  President Trump stated in an interview that they want to get healthcare reform done first before going on to other objectives of the administration which include tax reforms.  This may delay tax reform policies which many corporations are hoping for to boost earnings.  In economic data, import prices fell 0.2 percent and export prices rose 0.2 percent.  Asian markets closed mostly lower with the Nikkei down over 1 percent as tensions with North Korea continues.  Markets in Europe are trading mixed with the DAX and the CAC higher while the FTSE is slightly lower.        

Continue reading
83 Hits

© 2017 United Asset Strategies, Inc  666 Old Country Road, Suite 104  Garden City, NY 11530 | P. 516-222-0021 | F. 516-222-0163 | info@unitedasset.com| Privacy Policy | ADV