News: Yesterday, the Fed held interest rates unchanged at 5-¼ to 5-½ percent, as expected. Inside their summary of projections was a surprise… Fed Officials are expecting an average of three rate cuts in 2024, according to the newly released dot chart. Ahead of the release, stocks treaded water. After, they rocketed higher. The indexes …
News: The latest CPI report showed inflation is continuing to trend lower. Price gains from last month and last year were tame. Initially, profit-takers sent the market to a red open. But buyers showed once again to push the indexes mostly higher by the close… Under the surface, the divide was even. Of all listed …
News: Markets opened the new week with more gains on Monday. Despite the onslaught of news to come … Bulls are winning day after day. The indexes all closed green… Sector Round Up 10 of 11 sectors were positive at Monday’s close. At the top… The only loser… Under the surface, it appears that sellers …
News: Friday’s job’s report showed that hiring has slowed, and the market loved it. Market’s opened Friday’s session in red. Buyers quickly showed up and pushed prices higher. The indexes all closed green… 199,000 new jobs were created in November. Though many were UAW strikers returning to work. That’s below average for 2023… The figure …
News: Markets post gains on Thursday. Stocks opened positive, climbed modestly through the day, and closed green across the board. The indexes… Sector Round Up Most sectors followed the trend. 8 of 11 ended Thursday’s session with gains. Risk-on sectors were the biggest gainers… The losers… Technicals: The S&P 500, one of the best measures …
News: On Wednesday, markets opened green and declined throughout the session. The indexes all closed red. The losses were modest… There was no catalyst for the selling. Need a culprit? The current trend for the market is sideways. But don’t worry … Late December is known for strong rallies. This is the time to buy. …
News: Markets held most of the recent gains on Tuesday. The indexes opened red and trended gradually higher. The close was a mixed bag. Sector Round Up Just 2 of the 11 sectors ended Tuesday’s session higher. The winners were risk-on sectors… At the bottom… Technicals: Fear remains absent from the market. A VIX below …
News: Markets opened the new week with some selling. The indexes moved mostly sideways through the session. The selling was limited and tame. 3 of the 4 indexes closed the day lower… Sector Round Up 4 of the 11 sectors closed Monday higher. At the top… At the bottom… Technicals: The overbought conditions began to …
News: On Friday, markets closed the week with more gains. After a red open, buyers showed up in droves to push the indexes into a positive close… Over the weekend, Bitcoin smashed through $40,000 to reach new 52-week highs. At writing, 1 bitcoin costs $41,600. Bitcoin Daily candles from BarChart Our analysis, published in June …
News: The latest inflation data show continued cooling. The indexes leaned green with large caps leading the way… Sector Round Up 9 of the 11 sectors closed Thursday’s session higher. At the top… Risk-on stocks were the losers… Technicals: The Dow Jones closed at a 52-week high on Thursday. It’s also the most overbought it’s …