Month: August 2022

8/29/22 The Bears Are Back

News: On Friday, markets opened on a positive note and traded near flat. Then Fed Chair Powell opened his mouth. He gave a short 10-minute speech … And the markets sold off for the rest of the day. The Dow lost 1,000 points or 3.0%—it was the smallest loser. The Nasdaq dropped the most, losing …

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8/26/22 The Stage is Set!

News: The first release of Initial Unemployment filings fell below 250,000 for the first time in a month. The report put wind in the market’s sails. And the bulls dominated.  74% of stocks posted gains … only 22% declined on Thursday. The indexes surged higher… Dow Jones +1.0% Nasdaq +1.7% S&P 500 +1.4% Russell 2000 …

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8/23/22 Divided like an APE

News: Yesterday, there wasn’t a buyer to be found. Markets fell throughout the day and closed near their lows. Each major index declined 2% or more. Headlines blamed Powell’s upcoming speech at the annual Jackson Hole Economic Symposium on Friday. Ultimately a reason is hard to find.  But we noticed that the Friday’s and Monday’s …

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