Watchlist

6/22/22 Food, Airlines, & Tesla … Don’t Trust the Bulls

News: Yesterday stocks rallied broadly from oversold conditions. The Russell 2000 lagged with a gain of just 1.7% while the big three indexes all posted gains of more than 2%. The Energy sector gained more than 5% after entering a bear market last week. While the Communication sector was the day’s worst performer. Food giant …

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6/21/22 Metaverse Investments, Energy Tanks, & EV Chargers Get A Boost

News: Friday markets ended a red week with a mixed close. The Nasdaq rallied 1.4% while the Dow closed down just 0.1%. Communication, Consumer Discretionary, and Technology sectors all gained more than 1%. But the Energy sector, as tracked by XLE, dropped more than 5% and entered a bear market closing the day down more …

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6/10/22 EU Rate Hike, White House Warning, & A Breakdown

News: Markets fell sharply yesterday. The Nasdaq dropped 2.7%, and while every sector finished in the red, the Communications sector performed the worst shedding over 3%. The catalyst … Inflation. To combat rising inflation the European Central Bank (ECB) has announced its intent to raise interest rates for the first time in 11 years. Photo …

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6/9/22 Housing Slows, Energy Rises, & META’s Here

News: The markets dipped yesterday but stayed within the established ranges we called out yesterday and the day before. A data release from the Mortgage Bankers Association (MBA) showed that mortgage activity fell to a 22-year low. Photo by David McBee from Pexels The Real Estate sector was the day’s worst performer followed by Materials. …

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