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 The New York Times said China’s zero-Covid policy “no doubt … saved lives” but is now “outdated.”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 …
11/29/22 Falling Like Dominos… BlockFi & China’s Policy Read More »
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 …
11/28/22 China’s Superspreaders & The Shot That Ended a Legend Read More »
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] …
11/25/22 “Majority:” Slower Rate Hikes Ahead – NAILED IT! Read More »
News: On Tuesday, markets jumped higher at the open and climbed throughout the day. All 4 indexes posted solid gains… The bullish day was driven by retail earnings. Mall & strip mall staples surges after releasing their Q3 earnings. But buyers didn’t stop with retail… Sector Round Up Each of the 11 sectors ended the …
11/23/22 Retailers Surprise As Fed Minutes Set to Drop Read More »
News: Markets moved somewhat lower on Monday as investors looked ahead to the Black Friday shopping spree that may or may not happen. All 4 indexes posted modest losses… Sector Round Up The sectors did not follow suit. 7 of 11 ended the day higher. Leading the charge… Fearing light spending in the holiday season, …
11/22/22 Black Friday, Black Gold, & Love/Hate CEOs Read More »
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 …
News: Thursday was another down day for the markets. We heard from two Fed Presidents on the fight against inflation… As much as the bulls tried … the markets flirted with positive territory in the early afternoon … they couldn’t push past the Fed’s comments. All 4 indexes closed the day modestly lower… Sector Round …
News: On Wednesday, the market saw selling in almost every sector. All 4 of the major indexes closed the day lower… The stock of the day was Target (TGT) which shed 13% or $10.5 billion in market cap after an earnings miss. Your take home, some are reaping the profits while others are left behind. …
News: Tuesday, the market surged higher after the latest Producer Price Index (PPI) showed inflation rose just 0.2% month over month and 8.0% year over year. Economists projected 0.4% and 8.4%, respectively. While the market didn’t hold on to all its gains, the close was clearly a win for the bulls. Sector Round Up 9 …
News: On Monday, markets chopped around. Each spent some time in positive territory, but all ended the day red and near their lows… Sector Round Up While the selloff was broad, it was also restrained. 10 of 11 sectors ended the day lower. Most lost less than 1%. The lone green sector… At the bottom… …
