Month: January 2023

1/25/23 Your January Friend

News: Markets treaded water on Tuesday. Most of the price action was sideways. The major indexes closed mixed and little changed. Near the opening bell, the NYSE experienced a major glitch that caused a host of “erroneous” trades. It’s being called a “technical issue.” Bulls paused their run to catch their breath.  Selling was limited. …

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1/20/23 It’s Expiration Day: Default Looms & Wednesday Delivers

News: Stocks fell for a second day on Wall Street. The U.S. government has officially reached its debt ceiling near $31.4 trillion. The Treasury Department is now deploying “extraordinary measures” to stave off a default. According to the Wall Street Journal, lawmakers have about five months until bondholders wouldn’t be paid. Stocks reached their low …

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1/18/23 Sached

News: Markets struggled to find a direction on Tuesday. In the end, the major indexes settle mostly flat. The notable outlier was the Dow Jones.  The broader view was mixed. 46% of stocks rose while 50% declined. Sector Round Up The sectors reflected the market. 5 of 11 sectors ended the day in the green. …

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