The Federal Reserve is often referred to as simply “The Fed.” It is the central bank of the United States of America. It is the second central banking system the nation has had. The first, The Bank of the United States, was established under Alexander Hamilton in 1791 and lasted only 20 years. The second, …
News: Markets snapped an 8-week losing streak at the close on Friday. Weekly gains for the major indexes came in extremely bullish between 6-7% each. Technology and Consumer Discretionary were the day’s and week’s top sectors. The top headline was once again … Inflation! The April inflation measure, Core PCE, came in at 4.9% year …
5/31/22 Inflation, Spending, Lithium & Your June Outlook Read More »
Good morning. On this Memorial Day, I’m sharing the words of my dear friend John who I served with in combat a lifetime ago. His words have been lightly edited for clarity and flow. “People often ask me, ‘Do you think we should be there?’ ‘Did you lose anyone?’ ‘What’s it like?’ ‘You’re crazy!’ ‘Why’d …
Special Memorial Day Message From Trading For Keeps Read More »
News: Markets posted another day of solid gains ranging from +2.8% for the Nasdaq to +1.6% for the Dow Jones. Consumer Discretionary was the top-performing sector. Several retailer, including Macy’s (M) +19.3%, Dollar General (DG) +14.0%, Dollar Tree Stores (DLTR) +21.9%, and Williams-Sonoma (WSM) +12.8% provided better-than-expected guidance. The gains were broad with Communication, Technology, …
News: The Federal Reserve released the minutes from its May FOMC meeting yesterday. The document was well-received by the market as all major indexes closed well into the green and near their respective highs of the day. The Russell 2000 was the day’s top performer with an advance of 2%. The Dow underperformed with a …
News: Markets declined sharply at the open yesterday. The Nasdaq fell almost 4% in the first hour of trading. But things looked different by the close. The Nasdaq was the worst performer ending the day down 2.3%, while the Dow managed to eke out a small gain of 0.2%. No specific catalyst caused the sell-off …
5/25/22 SNAP Craters, More Bottoming Signs Emerge Read More »
News: Markets closed in the green across the board yesterday. The Dow Jones was the leader with a gain of 2%. Financials were the strongest sector. Dow component JP Morgan Chase (JPM) gained more than 6% after providing positive forward-looking guidance. The energy sector came in second. Consumer discretionary remained the weakest sector. After the …
News: Friday was another wild day for the markets. The S&P 500 spent most of the day in the red, had a range of nearly 3.5%, but closed the day flat. A late-day rally saved the S&P 500 from officially entering a bear market. But the threat still looms… Photo by Pixabay from Pexels The …
News: Yesterday the big three indexes closed in the red. But they failed to tell the whole story. The S&P 500 is less than a 2% decline away from official bear market territory. But the Russell 2000 actually closed in the green. And about 53% of the 8000+ listed stocks closed higher too. Image from …
5/20/22 Americans Are Working, Stocks Point Higher Read More »
News: Markets went back into freefall mode yesterday. The overhead resistance we pointed out ended up being a turning point. The Nasdaq fell 4.7% in what Jim Cramer described as “one of THE WORST days i can recall in years.” The biggest loser was Target (TGT) falling 25% after a big earnings miss. Its biggest …
