Hello! Here’s what’s happening in the market today… News: PPI, another inflation reading, confirmed what we already knew … inflation is high. But month-over-month levels are stable. Could be we’ve reached the peak. I’ll be watching for these levels to stay in check for a couple of months. In COVID news the Supreme Court blocked …
Hello! Here’s what’s happening in the market today… News: Year-over-year inflation hit a decades-high level of 7%. But we already knew inflation was high. The big number was a headline but not unexpected. Month-over-month the consumer price index (CPI) rose by just 0.5%. That number is rather low. And certainly at least what the market …
1/13/22 How Record-High Inflation Caused the Market to Climb Read More »
Hello! Here’s what’s happening in the market today… News: The omicron variant is driving record levels of case numbers and now hospitalizations. But the market continued to rally. This tells me it has future expectations. The market is always forward-looking. The market is asking, “What’s going to happen next?” From everything I can see right …
Hello! Here’s what’s happening in the market today… News: The bears, pundits, and naysayers are calling for a crash. Yesterday the market opened red … and plummeted. I was traveling and not able to watch the whole saga play out. But when I stopped for lunch the pattern was clear to me. Support was holding. …
Hello! Here’s what’s happening in the market today… News: January’s first five days of trading ended in the red. Historically just 56% of years that begin with a red week end in the green. So it’s a coinflip at best… The market did give us a bullish signal with the “Santa Rally.” But when dealing …
Hello! Here’s what’s happening in the market today… News: The December jobs report comes out at 8:30 a.m. Eastern. Initiations are unemployment is low and jobs are rising. The most notable market movers this morning are the meme stocks… GameStop Corp. (GME), AMC Entertainment Holdings, Inc. (AMC), and Digital World Acquisition Corp. (DWAC) are all …
1/7/22 Heed This Warning … What the First Five Days of the Year Tell Us Read More »
Hello! Here’s what’s happening in the market today… News: When the Fed speaks the market tends to rally. But when the market reads what the Fed has written it doesn’t always come out as well. Yesterday the FOMC released its minutes from December. In those notes, the central bank initiated it may be ready to …
Hello! Here’s what’s happening in the market today… News: The “Santa Rally” ended yesterday, the S&P 500 gained 1.4%, the average return in 1.3%. Now all eyes are on the auto industry… Toyota Motor Corporation (TM) has overtaken General Motors Company (GM) as the best-selling vehicle manufacture in the U.S. according to Automotive News, a …
Hello! Here’s what’s happening in the market today… News: Apple Inc. (AAPL) reached a market cap of $3 trillion yesterday. The first publicly-traded company to do so. Meanwhile, the original WallStreetBets stock, Tesla, Inc. (TSLA), rocketed nearly 14% after destroying delivery expectations. It’s nearing all-time highs above $1250. As we welcome 2022 the big caps …
Hello! Here’s what’s happening in the market today… News: The S&P 500 closed out the year up more than 25% and while every index posted better than average returns the SPY was by far the winner. This is despite headlines about bear markets, the delta, and omicron variants. Now its time to jump right into …
