Markets Close on Lows After China Woes, Fed News

It was a volatile day for U.S. markets that plunged on the open on news that the United States had banned 28 Chinese companies from doing business with American companies due to human rights issues. Markets jumped briefly on news that the Federal Reserve is planning to increase its balance sheet again, in part based on the shock to overnight lending markets in September, Chairman Jerome Powell said Tuesday. However, trade negotiation woes and digestion of Federal Reserve news led the markets to reverse all gains and head south rapidly. The…

Fixed Income ETF Flows Have Been a Mixed Bag

With investors struggling to digest the daily changes in news headlines and translate it into tangible financial decisions, markets are on a roller coaster of heightening volatility lately, selling off from all-time highs. This is especially apparent in the ETF universe, where ETF flows have been a mixed bag recently. One example is the blended ETF flows is in the Treasury ETF space, where investors are both buying and selling ETF Treasurys. There has been a shift that is particularly noticeable in fixed income flows. Tim Urbanowicz, director of fixed…

Why Impeachment News Might Not Hurt Markets

House Speaker Nancy Pelosi announced a formal impeachment inquiry into President Donald Trump on Tuesday, sending the markets down. While Trump is was incredulous that the former top Democrat on the House Intelligence Committee would go to such measures, markets seem surprisingly tepid today in the wake of the news. “The actions of the Trump presidency revealed the dishonorable fact of the president’s betrayal of his oath of office, betrayal of our national security, and betrayal of the integrity of our elections,” Pelosi said yesterday. “Therefore, today I’m announcing the House of…

U.S. Markets Close in Red On Impeachment Inquiry

After broad consolidation over the past two weeks, U.S. markets have been reeling from a variety of news announcement Tuesday, including increasing pressure to impeach President Donald Trump. House Speaker Nancy Pelosi on Tuesday announced she was moving forward with a formal impeachment inquiry. “The actions of the Trump presidency revealed the dishonorable fact of the president’s betrayal of his oath of office, betrayal of our national security, and betrayal of the integrity of our elections,” Pelosi said. “Therefore, today I’m announcing the House of Representatives is moving forward with an…

Lockhead Martin Scores NASA Contract

NASA, just announced that it has awarded a contract to Colorado-based Lockheed Martin for $4.6 billion for at least 12 additional missions to the moon, including sending the first woman to the moon, by 2024. During Nasa’s Orion spacecraft development, Lockheed has been the prime contractor. According to the independent agency of the United States Federal Government responsible for the civilian space program, “NASA’s Orion spacecraft is built to take humans farther than they’ve ever gone before. Orion will serve as the exploration vehicle that will carry the crew to…