News: On Wednesday, The Fed hiked the federal funds rate by 0.5%. It’s now 4-¼% to 4-½%, its highest level in 15 years. Then Fed Chair Powell spoke… The next FOMC meeting is scheduled for Jan 31 – Feb 1, 2023. Right now, we expect another hike, likely 0.25%. The indexes reacted strongly to every …
12/15/22 The January Effect Starts Today—Bank with this Leveraged Fund Read More »
News: The CPI inflation data report showed inflation continued to ease in November. Look at the chart. The trend is obvious… The market initially reacted with a massive +2-3% moves to the upside but slowly gave up most of those gains throughout the day. Still, all four indexes finished with decent gains… Sector Round Up …
12/14/22 Inflation Reading Destroys Market Fears Read More »
News: Markets rose on Monday ahead of this morning’s CPI inflation data report. The indexes finished at their highs with solid gains… Sector Round Up Monday’s rally was broad. All 11 sectors ended the day higher. At the top… At the bottom… Notable Names Sam Bankman-Fried, the former CEO of crypto exchange FTX, was arrested …
12/13/22 Massive Moves Ahead, Jailed & Woke Behind Read More »
News: Friday’s PPI inflation report came in above projections. These readings are the lowest we’ve seen since the spring of 2021. And while the numbers were slightly higher than some may have hoped. The downtrend is still intact… After these figures dropped, indexes opened red, traded in the green intraday, but settled near their lows. …
12/12/22 Crazy Busy Week Ahead! Here’s Your Guide Read More »
News: On Thursday, the markets finally managed to attract enough buyers to push all four major indexes to a positive close… Markets were green in light of the 10-month-high jobless claims data. Which fell in line with projected levels. Buyers claimed the day but failed to dominate it. Beneath the surface… Sector Round Up 9 …
12/9/22 Buyer Emerge But Inflation Terrifies Everyone Read More »
News: On Wednesday, the selling slowed, and the Dow managed to squeak a small gain. The other indexes posted modest losses… There were signs that the sellers may be running out of steam. Beneath the surface… The reduced selling fits well with our projected weak open to December. Sector Round Up 3 of 11 sectors …
12/8/22 Goodbye Zero-Covid, Jobs & Inflation Data Inbound Read More »
News: On Tuesday, the sell-off continued. Stocks fell for a second day, and once again, all four indexed closed deep in the red… Sector Round Up 10 of 11 sectors ended Tuesday red too. Falling the hardest… The lone green sector… Headlines switched from blaming The Fed on Monday to blaming recession fears on Tuesday. …
12/7/22 Here’s Your Opportunity, Chart: Generational Lows Read More »
News: The buyers that propped up the market at the end of last week disappeared on Monday. All four indexed closed deep in the red… Sector Round Up All 11 sectors ended Monday in the red too. Falling the hardest… Giving up the least ground… Energy Buckles The price of Crude Oil rose about 3% …
News: On Friday, markets tanked before the opening bell after the jobs report revealed 263,000 new jobs added v 200,000 expected. The tighter labor market gives The Fed less reason to pull back on its aggressive rate hikes. But as the day went on, the market decided that a tight labor market wasn’t the worst …
News: Thursday was a mixed day on Wall Street. Markets welcomed December without much conviction from the bulls or the bears. Major indexes ended the day mixed and near flat… The latest unemployment filings remained elevated but within an expected range. The divide between advancers and declined was nearly an even split at 51% and …
12/2/22 The Bankruptcy Heard Around The World (Not FTX) Read More »
