News: On Friday, markets opened on a weak note, falling as much as 1% after what appeared to be weak earnings from the big banks. Buyers quickly scooped up the discounts, and by the close, all four major indexes ended solidly in the green… The bank stocks outperformed the market … After opening in the …
News: The latest CPI inflation data dropped yesterday. Here are the key numbers… Your take-home, the trend is clearly pointing lower… Wall Street took a little time to digest the report, swinging from green to red and red to green several times during the premarket and morning trading session. By the close, all four major …
News: Markets rose for a second day ahead of the latest headline inflation data front the CPI report due out at 8:30 this moring. The anticipation has the markets on edge. All four major indexes ended Wednesday solidly in the green… Sector Round Up All 11 sectors ended the day positive. At the top… In …
News: On Tuesday, Fed Chair Powell’s words from Sweden had little impact on the market… After a negative open stocks climbed throughout the day and closed with modest gains. The four major indexes ended the day green. Risk-on stocks led the way… Sector Round Up 10 of 11 sectors ended the day positive. At the …
1/11/23 Bitcoin’s Back, Powell’s Not “Political” Read More »
News: Monday morning, markets opened higher and climbed in the morning session. At their peak, the major indexes rose between 1-2%. But after lunchtime, buyer momentum faded and the markets closed near their lows. The four major indexes ended the day mixed… Bulls ended with a slight advantage as 59% of stock advantages while 37% …
News: The latest Jobs Report dropped on Friday. The news brought heavy buying. The not-so-big paychecks gave the market confidence that inflation is in fact easing. After the report was made public markets lurched higher, dropped at the open—creating a bear trap, and surged higher through the rest of the day. All four major indexes …
News: Weekly jobless claims had been on the rise, but yesterday, they dropped to pre-pandemic levels. Typically a strong labor market favors a strong economy which favors a strong stock market. But right now all eyes are on The Fed. The market believes for The Fed to pivot the labor market needs to show some …
News: Stocks rose on Wednesday ahead of the FOMC minutes release. At 2 PM the minutes dropped and revealed little new information. After the minutes came out the S&P 500 stayed within the day’s previously establish range and all 4 indexes closed with modest gains… The “Santa Rally” we’ve been tracking came to an end …
News: On Tuesday, the stock market had its first trading day of the new year. Despite morning futures popping as much as 1.5%, the market failed to make any substantial rally intraday. All 4 indexes closed modestly lower… Beneath the surface, things weren’t so bad. 52% of stocks advanced, while 45% declined. Sector Round Up …
1/4/23 The Energy Is Gone, Investors Still Buying Read More »
News: On Friday, markets opened in the red and sank through the trading session. Major indexes were off by about 1%, with one hour of trading left in the year. Then in the final hour, stocks reversed. All 4 indexes closed in the red but near flat and at the day’s highs… Sector Round Up …
