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 …
News: On Wednesday, markets opened on a positive note as investors awaited the latest Fed decision. Headlines blamed the selling on the Fed’s latest “Dot Plot.” The indexes settled notably red and at their session lows… Sector Round Up Despite the selling, 4 of the 11 sectors posted gains. At the top… At the bottom… …
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, …
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 …
News: Markets reversed course on Friday, giving up much of their weekly gains. Oil prices are still climbing, plus stress over this week’s Fed decision were likely the biggest factors. The indexes posted significant losses… Sector Round Up All of the 11 sectors ended Friday’s session in the red too. At the top… At the …
News: Thursday was a busy news day for the markets… PPI showed inflation is up. Rising Oil prices are driving much of the higher costs. And overnight, 12,000+ United Auto Workers (UAW) walked off the job, initiating an unprecedented strike. And despite all the doom and gloom, the market rallied. The indexes posted decent gains …
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 …
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 …
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) …
News: Markets ended the first full week of trading in September on a positive note. On Friday, there was more buying than selling. The indexes closed the day mostly higher… Sector Round Up 7 of the 11 sectors posted gains. At the top… 2 sectors were unchanged The losers… Technicals: The bear, thus far, has …
