Marvin R Clark Blog | Talkmarkets | Page 1
Managing Principal, Chief Economist and Investment Strategist

Marvin R. Clark is the Managing Principal of Monsoon Wealth Management (MWM). Monsoon offers affluent individuals and business owners’ wealth management, economic, and market advice throughout America.

Based in Scottsdale, Arizona, ... more

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The Senate Health Care Bill Has Been Unveiled
The Senate health care bill was unveiled yesterday. The 142-page bill was written entirely behind closed doors and yesterday was the first time the public and most senators have seen the bill.
Oil Production Rose To 9.35 Million Barrels A Day
The Energy Information Administration reports American crude stockpiles fell by 2.45 million barrels last week and gasoline supplies slid by 577,999 barrels. Meanwhile, oil production rose to 9.35 million barrels a day, the highest level in 2 years.
Oil Prices Hit A 7-Month Low
OPEC & non-OPEC producers have agreed to cut production by 1.8 million barrels per day and it appears they are complying with the deal to cut global output, but still prices are down as other countries are pumping more.
Milk And Cookies
The Dow Industrial Average hit another record high today. The S&P 500 is up 9% so far, this year, hitting another record high close today.
Amazon Clicks Whole Foods
Amazon is buying Whole Foods for $13.7 billion, which works out to $42 per share. Amazon made an unsuccessful run at Whole Foods last year. Since that attempt, Whole Foods share price dropped about 30%, or roughly the premium that Amazon is paying.
Nasdaq Composite Continued To Slip
The Dow could not hang on to record highs and the S&P 500 and Nasdaq Composite continued to slip. A selloff in technology stocks that began last Friday has clipped 4.1 percent off the S&P 500 information technology index.
Federal Reserve Day
Another record high close for the Dow Industrials. Stocks moved lower today after the Federal Reserve announced it was raising interest rates. The move was completely expected, so maybe the markets were reacting to weak retail sales data instead.
Nasdaq 100 Index Bounced Back
The Dow Jones Industrial Average and the S&P 500 Index ended at all-time highs, while the Nasdaq 100 Index bounced back from its biggest two-day drop since September.
Monday, Monday
The Dow Industrials fell from record highs, with an inside trading session that does not look like a reversal, not yet anyway. The Nasdaq Composite confirmed its sharp downturn on Friday.
Not Known For Patience
The Dow Industrials, S&P 500 and the Nasdaq Composite all hit intraday record highs – only the Dow managed to hang on for a record high close. Tech stocks have been on a roll recently. Not yesterday. Some of the biggest names tumbled.
Stuff Happening
The Dow Industrials hit a record high intraday, but could not hold on for a record high close. The trading session went from positive to negative and back. The Nasdaq Composite did manage a new record high.
Drifting Higher
Major stock, bond and currency markets did little more than drift higher ahead of what many are calling Super Thursday.
More Drift
Once again stocks drifted aimlessly. We are not seeing a risk off trade, but nobody is going full hog, risk on. We are waiting for Thursday. It could be a big day.
Drifting
The markets were drifting yesterday. After hitting record highs Friday on a very weak May Jobs Report, there just wasn’t any good news to push the markets higher. There was a bit of negative or sideways news.
Records Across The Board
A record high close for the Dow Industrial average, taking out the last high from March 1st. Also records for the S&P 500 and the Nasdaq Composite.
The Accord
President Trump could pull the United States out of the Paris climate accord. Trump refused to endorse the landmark climate change accord at a summit of the G7 Saturday in Italy, saying he needed more time to decide.
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