Michael

7/7/22 Johnson’s Out, Nuclear’s In, Gamestop Splits

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 …

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7/5/22 Manufacturing Slows, Signals are Mixed, & It’s July

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 …

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7/1/22 Welcome Q3! It Can’t get much Worse … Could it?

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 …

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6/30/22 Inflation First, Spirit Vote Delayed, & The End of Q2

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 …

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6/29/22 China’s New COVID Policy, Your July Outlook

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 …

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6/27/22 Buyers Dominate, Meme Stock Findings, & Russia’s Default

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. …

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6/23/22 Powell Talks Recession & Meme Stocks Are Back!

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 …

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