News: On Thursday, markets reacted positively to the latest GDP advance estimate… According to the Bureau of Economic Analysis, the economy grew at an annualized rate of just +1.1% in Q1 … That’s less than half the previous quarter’s growth of +2.6%. Chart by Dept of Commerce The report showed the chances of a recession …
News: Wednesday was a mixed bag on Wall Street… Overall the markets appeared weak. But the selling was limited as a giant in the tech space held up the rest of the market. Image by Lonely Planet The indexes closed mostly lower, with a notable hold out… Notable Names Microsoft (MSFT) was the bright spot …
News: On Tuesday, the markets opened lower once again … But this time, buyers failed to emerge. Looking for a reason? … Look at the banks. Image from CNN Shares of First Republic Bank (FRC) fell 50% to new all-time lows on Tuesday. Investors fled in light of Monday’s earnings report. And the report was …
News: On Monday, markets opened near flat and ended near flat. The indexes closed mixed… The theme of boring continues to rule the market, which ultimately favors the bulls. Image from iStock Of all the listed stocks, the divide was down the middle … 48% gained while 48% declined. Sector Round Up The sectors followed …
News: On Friday, stocks capped off a lackluster week with another dull day of trading… The indexes moved from red to green and back again throughout the trading session. The swings were tame, and at the end, they all settled slightly higher… Instead of red or green, gray was the dominant theme… Chart from FinViz …
News: On Thursday, buyers stepped aside and let the sellers have the day. After opening lower, the indexes traded in the red the entire day. At the close, markets were modestly lower… Image from Economic Times Sector Round Up The sectors were almost all red. There was a single green spot among the 11 sectors …
News: Wednesday saw muted price action on Wall Street for a second day in a row. Markets gapped lower at the open. Then buyers picked up the discounts, and the indexes finished mixed, near flat, and once again, directionless. We decided to leave these arrows here cause they fit… Under the surface, the bears revealed …
News: Tuesday was a mixed day on Wall Street. The indexes finished mixed, near flat, and directionless. We struggled to find anything that pointed in any direction. Under the surface, it was clear neither the bulls nor the bears were in charge. 46% of the listed stock gained, and 51% declined. Sector Round Up The …
4/19/23 Treading Water … What Boring Charts Really Mean Read More »
News: On Monday, another big bank, Charles Schwab (SCHW), reported earnings, and the market loved what it heard. SCHW stock jumped 4% by the close … despite the pause in share buybacks and a decline in deposits. The move added $3.5 billion in market cap. Image by United Construction At the opening bell, stocks started …
News: On Friday, markets opened near flat as investors worked to digest blow-out earnings from the banking sector. Some banks did better than others in the wake of the banking crisis. A quote from the Wall Street Journal, “There Was No Crisis for JPMorgan and Its Big-Bank Peers.” Image by Shutterstock Here’s how the banks …
