The Dow Jones Industrial Average (DJIA) and the other stock indexes continued the sell-off that began last week. Today, the DJIA plunged more than 600 points in the first trading session after Standard & Poor’s lowered the U.S’s long-term credit rating to AA+. The S&P 500 had a worse day in percentage terms dropping more than 7% and breaking below its 200-week moving average (see chart).
Corn, soybeans, wheat watch planting pace, weather
The trade is watching how much crop is getting in the ground, as weather becomes a major factor in short-term price moves.
Stock market mixed Monday in uneven near-term trend
The short-term stock market trend remains positive, but looks increasingly tired for these two important reasons.
Tap into oil volatility using an options spread
Over the past week crude oil prices have been rocked by conflicting macroeconomic data and a suspected price-fixing scandal, leaving many investors questioning the validity of current price levels. Tap into that volatility with a put spread.
U.K. regulator hits back at bonus cap as EU readies expansion
The top U.K. markets regulator criticized a European Union cap on banker bonuses as the bloc’s banking watchdog prepares to expand the limits.