News: The major indexes closed Wednesday’s session little changed. The Dow was up 0.3% while the S&P 500 and Nasdaq were off less than 0.1% each. Under the surface, things looked gloomy … The Russell 2000 fell about 1%. The sectors were split with about half advancing and half declining. The leading sector was healthcare …
6/30/22 Inflation First, Spirit Vote Delayed, & The End of Q2 Read More »
News: Markets opened higher yesterday, but that’s where the good news ends… After the open markets steadily declined throughout the day. At the close, the Nasdaq was down 3%, and the Dow Jones fell 1.6%. The Consumer Discretionary sector led the way lower as the worst-performing sector. It was dragged down by Amazon (AMZN), which …
6/29/22 China’s New COVID Policy, Your July Outlook Read More »
News: Yesterday the markets got a couple pieces of good news and closed the day mixed. Durable goods orders came in better than expected, and pending home sales increased 0.7% after declining for six straight months. Markets had expected a 4% decline. The Russell 2000 closed 0.3% higher while the big three indexes closed in …
6/28/22 Good News, Meme Stocks, & Bitcoin is What??? Read More »
News: Friday, the markets posted a solid green day to close out the short week. All four major indexes rocketed higher and climbed steadily throughout the trading session to close at their highs. Gains were near 3% (+/-0.5%) each. All 11 sectors gained ground. Materials led rising 4.0% while Energy underperformed with a 1.3% increase. …
6/27/22 Buyers Dominate, Meme Stock Findings, & Russia’s Default Read More »
News: Yesterday the markets, despite spending the middle of the trading session in the red, closed green and near their highs. The Dow underperformed, advancing just 0.6% for the day, while the rest of the big four indexes gained more than 1% each. This marks the seventh day in a row that buyers pushed back …
6/24/22 Stocks Rise, Energy Slips—Buffett Buys the Dip Read More »
News: Markets opened deep in the red yesterday but closed near flat after buyers scooped up perceived discounts. While testifying before a Senate panel, Fed Chair Powell said a recession is “not our intended outcome at all, but it’s certainly a possibility.” Fed Chair Powell; Photo by Win McNamee from Getty Images He admitted that …
6/23/22 Powell Talks Recession & Meme Stocks Are Back! Read More »
News: Yesterday stocks rallied broadly from oversold conditions. The Russell 2000 lagged with a gain of just 1.7% while the big three indexes all posted gains of more than 2%. The Energy sector gained more than 5% after entering a bear market last week. While the Communication sector was the day’s worst performer. Food giant …
6/22/22 Food, Airlines, & Tesla … Don’t Trust the Bulls Read More »
News: Friday markets ended a red week with a mixed close. The Nasdaq rallied 1.4% while the Dow closed down just 0.1%. Communication, Consumer Discretionary, and Technology sectors all gained more than 1%. But the Energy sector, as tracked by XLE, dropped more than 5% and entered a bear market closing the day down more …
6/21/22 Metaverse Investments, Energy Tanks, & EV Chargers Get A Boost Read More »
OK, the crypto market is down—a lot. I’m not going to mince words with you either … The fact is the price of Bitcoin crashed. And it keeps sinking. As profits turn to losses, everyone is seeking answers. Photo by Andrea Piacquadio from Pexels Where’s the bottom? Is Bitcoin dead? How long will this bear …
News: Just one day after The Fed’s latest interest rate hike extreme fear has demonstrated its unwavering grip on the market. The Dow Jones, fell 2.4% to finish the day just 487 points above an official bear market. The S&P 500, Nasdaq, and Russell 2000 each fell deeper into bear markets with declines of 3.3%, …
6/17/22 Fear Wins As Energy Falters & The Swiss Surprise Read More »
