James Deporre

1 week ago | pro.thestreet.com | James Deporre

The S&P 500 is indicated higher in early Thursday trading on news of a U.S. trade deal with the U.K. President Donald Trump posted on Truth Social that he will hold a "Big news Conference" at 10 a.m. ET concerning a major trade deal. "The first of many"!!!. This is an extremely important development as it will demonstrate that the Trump administration can close a deal. There have been many promises and plenty of optimism, but this will be the first tangible result.

1 week ago | pro.thestreet.com | James Deporre

It was another very chaotic market session on Thursday that started on a positive note when Treasury Secretary Bessent announced he would be starting talks with China over the weekend. The spike didn't last long as President Trump indicated that he was unwilling to cut the 145% tariffs he put into place, and Bessent talked down expectations by stating that they were at a very preliminary stage. The bottom line is that a deal will be very difficult and won't happen for a while.

1 week ago | pro.thestreet.com | James Deporre

The upside spike in the indexes on news that Treasury Secretary Bessent will begin talks with China on trade this weekend did not last long. Investors understand that this is just the first step in what will likely be a very long and slow process. If there is a mutual agreement to de-escalate tariffs, that should help the market next week, but there will still be tremendous uncertainty with no end in sight. There is flat action now as investors await the Fed interest rate decision this afternoon.

1 week ago | pro.thestreet.com | James Deporre

All major indices are indicated higher on Wednesday morning following news that Secretary of the Treasury Scott Bessent will meet with his Chinese counterparts in Geneva, Switzerland, this weekend. This is simply an agreement to meet and to determine what issues will be discussed, but Bessent indicated that negotiations will likely start with a de-escalation of tariffs, which are now at such high levels that they are essentially a trade embargo.

1 week ago | pro.thestreet.com | James Deporre

Corrective action is picking up some momentum Tuesday morning, with breadth running about two to one negative, but there are some signs of dip buying with all the indexes well off their early lows. Palantir  (PLTR)  is hurting high-priced growth stocks and certain AI names. There is also weakness in pharmaceuticals and biotechnology. Earnings season has not generated many big winners this quarter, and there is an inclination toward selling the news.