News: Tuesday, the market surged higher after the latest Producer Price Index (PPI) showed inflation rose just 0.2% month over month and 8.0% year over year. Economists projected 0.4% and 8.4%, respectively. While the market didn’t hold on to all its gains, the close was clearly a win for the bulls. Sector Round Up 9 …
News: On Monday, markets chopped around. Each spent some time in positive territory, but all ended the day red and near their lows… Sector Round Up While the selloff was broad, it was also restrained. 10 of 11 sectors ended the day lower. Most lost less than 1%. The lone green sector… At the bottom… …
News: On Friday, markets opened near flat and climbed throughout the day. Stocked marked their second day of gains after last week’s slowing inflation reading. Risk-on stocks were the clear winners of the day. This is notable, given it was a Friday, and the elections were still unsettled. Sector Round Up The gains were lopsided …
11/14/22 Bitcoin’s New Dawn, Retail Earnings, Real Estate Data Read More »
News: As predicted, the CPI reported destroyed election uncertainty. The report, building on our case that inflation peaked in June, showed that inflation eased… As soon as the report dropped, buyers stormed the markets and didn’t allow a single bear to survive. The Nasdaq logged the largest percentage gain since the market bottom of 2020. …
11/11/22 The Day The Bears & Corporate Crypto Died Read More »
News: Election workers counted ballots for a second night, and still, there’s no confirmed winner. A split congress is now the most likely outcome—Although it’s still too close to call. The indexes declined yesterday on the failed “red wave.” The selling was broad. 80% of stocks fell while only 17% advanced. Sector Round Up All …
11/10/22 Elections, Winners, Losers & The News Due Out This Morning Read More »
News: On Tuesday, the market logged another choppy session and another victory for the bulls. The 3 major indexes ended the day green. Beneath the surface, it’s not as rosy. 56% of stock advanced, while 40% declined. One asset class was hit especially hard… Crypto Crash This morning, the crypto market is in shambles. This …
11/9/22 Waiting For Control & Another Crypto Crash Read More »
News: Monday started out as another choppy session. In the end, the bulls claimed all four major indexes… Beneath the surface, there were clear winners and losers. 58% of stock advanced, while 38% declined. Sector Round Up 8 of 11 sectors ended Monday in the green. The top performers… The losers… Notable Names While the …
11/8/22 Money & Government—What to Know on Election Day Read More »
News: Friday was a wild ride, to say the least. The jobs report showed a tighter labor market than expected. Stocks opened higher and climbed in the morning session. The major indexes rose about 2% in the first hour of trading. As lunchtime approached, the momentum faded, and stocks turned red. But buyers emerged in …
News: The market opened in the red on Thursday, and stocks climbed slowly throughout the day. By afternoon the Dow and Russell 2000 were in positive territory, but in the final minutes of the trading session, sellers slammed the market lower. All 4 indexes closed in the red… A deeper dive revealed clear winners and …
11/4/22 It’s Friday! Let’s Talk Jobs, China & Congress Read More »
News: Stocks opened lower on Wednesday and slowly rose throughout the day. At 2 p.m., the Fed announced the expected 0.75% interest rate hike, and the major indexes turned positive. Then Fed Chair Powell took the stage at 2:30… He took a hawkish tone, “Policy needs to be more restrictive,” he said, “ and that …
