News: Yesterday markets clawed back most of Tuesday’s losses as earnings season came in with a bang. JPMorgan Chase (JPM), the first big bank to report, closed down 3% on lower profits. But airlines rallied after Delta Air Lines, Inc. (DAL) reported a positive outlook with “historic … sales activity” and “robust demand” despite higher …
4/14/22 Earnings Season Begins, Long Weekend Ahead Read More »
News: Yesterday markets gapped up when the CPI inflation reading come in at 8.5% year-over-year. The highest level since 1982, 40 years ago. The Nasdaq was up 2% near the open. But by the end of the day, the major three indexes closed 0.3% in the red. The Russell 2000 held onto a 0.3% gain, …
4/13/22 The Win for Coal, Growth Concerns (are bullish) Read More »
News: Markets sold off on Monday ahead of the latest inflation data. CPI is due out at 8:30 this morning. The White House said it expects the number to be “extraordinarily elevated.” March is the first full month of the Russian/Ukraine war. The CPI reading will indicate how it’s affecting prices here in the States. …
News: Markets closed mixed on Friday with the Dow in the green and most everything else in the red. Risk-on bets aren’t performing well at the moment. Bitcoin, the Nasdaq, and the Russell 2000 have borne the brunt of the recent selling. There is some economic data due out this week. Investors may wait for …
News: Yesterday markets struggled in the early hours as the Dow Jones sank below the previous day’s low. The Fed’s minutes weighed heavy on the market as the financial media stoked fear. But as I’ve said the whole time it’s all priced in. There was little new information in the minutes. As the close drew …
News: Market digested the March Fed minutes in a volatile way. On the chart below I marked the moment the minutes were released and the ensuing trend that is generally bullish. Markets did finish the day in the red, but higher than before the minutes were released. What’s in the minutes: In March interest rates …
4/7/22 The Fed Remains Hawkish, Shanghai Lockdown Extends Read More »
News: Markets sold off ahead of the Federal Reserves March minutes release. The release is set for 2 p.m. this afternoon. Expect some volatility before and after. I never put much faith in the first move. The markets remember the February 16th release that sparked a big sell-off. Note the chart below, the SPY declined …
4/6/22 The Market Fears the Fed & Define “Passive” Read More »
News: Markets posted a strong green day on Monday. The Nasdaq led the charge to close up 1.9%. The other indexes were green but gained less than 1% each. The stock of the day was Twitter (TWTR^). An SEC filing revealed Elon Musk bought ~9% stake in the social media platform. He’s been critical of …
4/5/22 The Yield Curve Inversion & Elon Buys Twitter Read More »
News: On Friday we welcomed April and markets closed in the green after spending much of the day trading in the red. Remember the old saying … Amateurs open the market, the pros close it. Oil prices are stabilizing above $100/barrel. and Bitcoin held support at $45,000. All things considered, the month of April is …
News: Yesterday Q1 2022 ended. It was the first quarter in two years in which the major indexes all posted a decline. Markets closed at their session lows. The big three dropped about 1.5% each. The Russell 2000 fell just 1.0%. Commodities closed their best quarter since 1990. The conflict in Ukraine has no end …
4/1/22 End Q1, GME Stock Split, The Magic of the 1st Read More »
