News: On Friday morning, before the market opened, trading was halted for SVB Financial Group (SIVB). Shortly after the opening bell, news spread like wildfire. The FDIC took over the bank, and its existence ceased—effective immediately. What Happened? The failure is complex. The blame goes to a combination of internal choices… And external forces… And …
News: Markets opened green on Thursday as investors cheered the surge in new unemployment filings. Cracks in the labor market could persuade The Fed to stop raising interest rates. The bullish sentiment was short-lived … Shares of SVB Financial Group (SIVB), a Silicon Valley-based bank, plunged more than 75% in the past 24 hours. Additional …
News: On Wednesday, markets traded mostly in positive territory in the morning, mostly negative in the afternoon, and ultimately settled near flat. The four major indexes posted a mixed finish… It was a light news day as Fed Chair Powell offered little new information on his second day of testimony to “the Congress.” Neither the …
News: The Market kept careful tabs on every word Fed Chair Powell uttered to Congress on Tuesday. He opened with prepared remarks and said, “interest rates [are] likely to be higher than previously anticipated.” After those words, buyers stopped buying, and sellers went on the offensive. Each of the four major indexes posted a steep …
News: Markets open the week notably green on Monday. The Nasdaq rose as much as 1% in early trading. But the gains were short-lived. As the morning wore on, the major indexes gave up the early gains and settled near flat. The big three indexes finish mixed… Sector Round Up The sectors reflected the indexes. …
News: On Friday, it was all green all day as FOMO ripped through the market, and bidders happily took whatever price they could get. All four indexes finished the day sharply higher… A whopping 78% of stocks ended Friday with gains. The S&P 500 heat map reveals a sea of green… Sector Round Up All …
3/6/23 All Aboard! The Bulls Are Leaving the Station Read More »
News: After trending lower for the past month, markets got a serious boost on Thursday. At the open, most stocks were trading in the red. But buyers showed their willingness to buy as soon as the opening bell rang. Between 1 & 2 PM, all the indexes moved into the green and climbed into the …
News: A simple truth will preface today’s briefing. The market moves because of buyers and sellers, nothing else. With that in mind, let’s look at yesterday’s market performance… It was unremarkable, to say the least. The market chopped around all day … The Dow Jones swung from red to green and vice-versa about a dozen …
News: Markets opened green once again on Tuesday. But it was short-lived… Buyers pushed the market higher into the afternoon but surrendered the gains with about 2 hours remaining in the trading session. In the remaining two hours, the bears sold into every buyer they found. By the close, the indexes were modestly lower and …
News: Markets opened the new week on a positive note. At the open on Monday, the major indexes were up more than 1% each. But as the day went on, the momentum faded. Markets trended lower throughout the day but managed to hold on to some gains and close green across the board… Sector Round …
