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Michael

12/2/22 The Bankruptcy Heard Around The World (Not FTX)

News: Thursday was a mixed day on Wall Street. Markets welcomed December without much conviction from the bulls or the bears. Major indexes ended the day mixed and near flat… The latest unemployment filings remained elevated but within an expected range. The divide between advancers and declined was nearly an even split at 51% and …

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12/1/22 A Dead Bear & The S&P 500’s Major Breakout

News: On Wednesday, markets opened near flat and drifted lower throughout the morning session. At 1:30 pm, Fed Chair Powell delivered an update from the Brookings Institution in New York. He said… It was everything the market hoped to hear and more. Markets ripped higher and closed at their session highs. Another notable development, annualized …

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11/30/22 Your December Outlook—Inflation Data, Santa Rally, & More!

News: Tuesday was a mixed day for Wall Street. The indexes that sank outweighed the ones that rose. There was little new information to decipher. Under the surface, things look a little rosier… Sector Round Up 6 of 11 sectors ended the day green. Opposite the indexes, the winners outweighed the losers. At the top… …

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11/29/22 Falling Like Dominos… BlockFi & China’s Policy

News: On Monday, markets gapped lower and declined steadily through the day. All 4 indexes ended the day in the red. Headlines continue to blame the unrest in China, which could hamper global growth. The New York Times said China’s zero-Covid policy “no doubt … saved lives” but is now “outdated.” Our take … The …

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11/28/22 China’s Superspreaders & The Shot That Ended a Legend

News: Friday’s short session delivered low volume and mixed results. 58% of stocks advanced, while 37% declined. The indexes ended the day mixed… This morning futures are notably lower as widespread protests against China’s “zero-covid” policy grip the world’s most populous nation. Sector Round Up 7 of 11 sectors ended Friday higher. No sector rose …

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11/25/22 “Majority:” Slower Rate Hikes Ahead – NAILED IT!

News: On Wednesday, markets climbed higher and reacted positively to the release of the November Fed FOMC minutes. All 4 indexes ended the day higher… The minutes showed the decision to raise rates in November was unanimous. Looking ahead … “a substantial majority of participants judged that a slowing in the pace of [rate] increase[s] …

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11/21/22 Your Short Thanksgiving Week Outlook

News: On Friday, the markets finished without much change…  All 4 indexes posted modest gains… Sector Round Up 9 of 11 sectors ended the day higher. Leading the charge… The losers… Bitcoin’s Bulls A Wall Street Journal report states, “a record high …13.5 million bitcoins, roughly 60% of the circulating supply, haven’t been moved in …

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