News: Markets started with little action yesterday. Major indexes were flat before the release of the 2 p.m. release of June’s FOMC minutes. After the release, stocks rose modestly with the big three gaining between 0.2% – 0.4% each. The minutes contained no major surprises… The Fed said “an increase of 50 or 75 basis …
7/7/22 Johnson’s Out, Nuclear’s In, Gamestop Splits Read More »
News: The market went on a ride yesterday. After gapping down about 2% at the open 3 of 4 major indexes closed the day in positive territory. The lone loser was the Dow, which fell 0.4%. Leading the way higher was the Nasdaq. After turning positive mid-day it charged ahead for a gain of 1.7%. …
7/6/22 Risk-On Rockets With Recession Warnings Flashing Read More »
News: Welcome back from the long weekend! On Friday, markets ended a choppy day with a rally. All four indexes closed the day up about 1%. Each of the 11 sectors closed positive too. Utilities was the best performer, followed by Consumer Discretionary … Technology came in last but still green. Photo by Kateryna Babaieva …
7/5/22 Manufacturing Slows, Signals are Mixed, & It’s July Read More »
News: Markets ended their worst first half in 52 years yesterday. The Nasdaq fell 3% in early trading. But buyers showed some resilience pushing stocks up off those early declines. All four major indexes closed down about 1% (+/- 0.25%). Sectors were divided again. Four advanced with Utilities lead the way higher. Seven sectors fell …
7/1/22 Welcome Q3! It Can’t get much Worse … Could it? Read More »
News: The major indexes closed Wednesday’s session little changed. The Dow was up 0.3% while the S&P 500 and Nasdaq were off less than 0.1% each. Under the surface, things looked gloomy … The Russell 2000 fell about 1%. The sectors were split with about half advancing and half declining. The leading sector was healthcare …
6/30/22 Inflation First, Spirit Vote Delayed, & The End of Q2 Read More »
News: Markets opened higher yesterday, but that’s where the good news ends… After the open markets steadily declined throughout the day. At the close, the Nasdaq was down 3%, and the Dow Jones fell 1.6%. The Consumer Discretionary sector led the way lower as the worst-performing sector. It was dragged down by Amazon (AMZN), which …
6/29/22 China’s New COVID Policy, Your July Outlook Read More »
News: Yesterday the markets got a couple pieces of good news and closed the day mixed. Durable goods orders came in better than expected, and pending home sales increased 0.7% after declining for six straight months. Markets had expected a 4% decline. The Russell 2000 closed 0.3% higher while the big three indexes closed in …
6/28/22 Good News, Meme Stocks, & Bitcoin is What??? Read More »
News: Friday, the markets posted a solid green day to close out the short week. All four major indexes rocketed higher and climbed steadily throughout the trading session to close at their highs. Gains were near 3% (+/-0.5%) each. All 11 sectors gained ground. Materials led rising 4.0% while Energy underperformed with a 1.3% increase. …
6/27/22 Buyers Dominate, Meme Stock Findings, & Russia’s Default Read More »
News: Yesterday the markets, despite spending the middle of the trading session in the red, closed green and near their highs. The Dow underperformed, advancing just 0.6% for the day, while the rest of the big four indexes gained more than 1% each. This marks the seventh day in a row that buyers pushed back …
6/24/22 Stocks Rise, Energy Slips—Buffett Buys the Dip Read More »
News: Markets opened deep in the red yesterday but closed near flat after buyers scooped up perceived discounts. While testifying before a Senate panel, Fed Chair Powell said a recession is “not our intended outcome at all, but it’s certainly a possibility.” Fed Chair Powell; Photo by Win McNamee from Getty Images He admitted that …
6/23/22 Powell Talks Recession & Meme Stocks Are Back! Read More »
