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Month: May 2022

5/31/22 Inflation, Spending, Lithium & Your June Outlook

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 …

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5/27/22 Retail Winners, Small Cap Breakout

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, …

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5/24/22 Money at the Banks & Getting Sideways

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 …

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