9/22/23 Falling into Friday

News: Markets spent another day in the red on Thursday. The selling has accelerated since the latest Fed decision dropped. The indexes plunged and settled at their session lows… 10-year notes reached their highest levels since 2007 at 4.5% on Thursday. Higher long-term rates are thought to compete with stocks. Sector Round Up All of …

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9/20/23 Decision Day

News: On Tuesday, markets opened in the red and faded through the morning session. The bottom was in at lunchtime, and then buyers pushed prices higher. The indexes settled in the red but well off their session lows… Notably, crude oil prices are showing signs of peaking… This morning, markets are awaiting The Fed decision, …

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9/19/23 Waiting for Wednesday

News: Markets stalled during Monday’s session. The indexes barely budged… The market’s attention has turned to The Fed as the 7th FOMC meeting of 2023 gets underway today in Washington. Sector Round Up 5 of the 11 sectors posted gains on Monday. At the top… At the bottom… Technicals:  This morning, the S&P 500’s year-long …

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9/14/23 Bearish Bets Abound

News: August saw the largest month-over-month price increase of 2023. The trend is still clearing pointing lower. The latest data dropped on Wednesday before the opening bell. And the market took the news in stride. The indexes closed the day mixed, and little changed… The lackluster day suggests the market did not price in any …

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9/13/23 Energy is Everything

News: Markets faded on Tuesday. Though we struggle to call it a selloff.  “Sideways” is the word of choice, given the broader picture. The indexes closed the day mixed, with a bearish tilt… Under the surface, it was clear the bulls were still alive. 41% of stock finished higher, 54% declined. One sector stood out …

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9/12/23 Tesla’s Trillions

News: On Monday, markets opened the week on a positive note. The indexes all closed the day higher… Sector Round Up The rally was broad. 10 of the 11 sectors posted gains. At the top… The lone loser… Tesla Takes Off Shares of Tesla (TSLA^) soared more than 10% on Monday after Morgan Stanley (MS) …

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