News: On Friday, the markets ended generally higher. After gapping down and opening in the red, buyers steadily pushed prices higher into a modest victory for the bulls. Every major index ended the day with gains… The gains came despite new cracks showing the global banking system. Shares of German-based Deutsche Bank (DB) tumbled more …
News: On Thursday, the open belonged decisively to the bulls. In the first two hours of trading, the indexes climbed as much as 2%. Markets peaked around 11 am. Then the bears took over. Most stocks were in the red with just one hour to go in the trading session. In the final hour, stocks …
News: On Wednesday, Stocks opened near flat and treaded water ahead of the much-anticipated Fed announcement. At 2 PM, the Fed announced a 0.25% rate increase, raising levels to 4.75% – 5%, the highest rate since 2007, before the Great Recession. The Fed acknowledged the banking crisis … but essentially said they’re not paying it …
3/23/23 Rates Up, Stocks Down, Bears Are Missing Something Read More »
News: Markets opened to positive news on Tuesday. According to the National Assoc. of Realtors, “Existing-Home Sales Surged 14.5% in February, Ending 12-Month Streak of Declines.” Throughout the day, stocks pushed higher and showed bullish tendencies. 75% of all listed stocks closed higher. And each of the major indexes closed solidly in the green… As …
News: On Monday, stocks moved away from all-out panic. After a flat open, stocks trended generally higher. And each of the major indexes closed solidly in the green… Markets appeared somewhat relieved that Central Banks and regulators are intervening in the near financial meltdown. The latest effort to calm markets came from The Fed. It …
News: Friday belonged to the bears. Markets opened near flat and never found any serious buyers. Stocks moved lower throughout the day. At the close, the indexes were all deep in the red… Over the weekend, Swiss-based bank UBS (UBS) acquired its struggling neighbor Credit Suisse (CS) for $3+ billion. The $3 billion deal is …
News: On Thursday, markets opened on a weak note. The ECB surprised markets with a sharp interest rate hike of +0.5%, citing inflation concerns. Soon a glimmer of hope arrived. Big banks dropped a whopping $30 billion to rescue the suffering First Republic Bank (FRC) … A private solution to a growing problem. After news …
News: On Wednesday, another bank took a nose-dive on Wall Street. This time the fear crossed the Atlantic. Swiss-based Credit Suisse (CS) fell as much as 30% in early trading as investors fled the bank. The selloff was caused by fears it could be the next bank to collapse. Shares closed down just 14% after …
News: Markets surged higher when the latest inflation reading, the CPI, revealed inflation remains high. By the numbers… Core inflation, which excludes energy and food, rose even more, +0.5% month over month. Food prices increased more than any other major category. Bouncing from oversold conditions, the markets surged higher. Major indexes jumped as much as …
News: On Monday, markets opened in the red. By lunchtime, the big three indexes all moved into positive territory. But the gains were short-lived. At the close, markets were mixed… Underneath the surface, the action belonged to the bears. 63% of stocks fished the day lower, and just 35% advanced. Investors continued to flee the …
