Month: June 2022

6/30/22 Inflation First, Spirit Vote Delayed, & The End of Q2

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 …

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6/29/22 China’s New COVID Policy, Your July Outlook

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 …

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6/27/22 Buyers Dominate, Meme Stock Findings, & Russia’s Default

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. …

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6/23/22 Powell Talks Recession & Meme Stocks Are Back!

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 …

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6/22/22 Food, Airlines, & Tesla … Don’t Trust the Bulls

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 …

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6/21/22 Metaverse Investments, Energy Tanks, & EV Chargers Get A Boost

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 …

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