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12/22/23 Back Where We Started

MichaelDec 22, 20232 min read

News: Q3 GDP was revised down on Thursday. Annualized growth clocked in at +4.9%.  Down from 5.2% in November  Equal to the advance estimate released in October Chart from BEA The indexes took the news in stride. Buyers regained much…

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12/21/23 Overdue Selloff

MichaelDec 21, 20232 min read

News: Markets opened Wednesday’s session with little conviction from buyers or sellers. As the afternoon wore on, the bears finally made a move, and the bulls didn’t put up a…

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12/20/23 Overbought and Not Slowing Down

MichaelDec 20, 20232 min read

News: Markets continued their push higher on Tuesday. AP Photo The indexes each logged a day of gains… Dow Jones +0.7% Nasdaq +0.7% S&P 500 +0.6% Russell 2000 +1.9% The…

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12/19/23 It’s Been 5 Years

MichaelDec 19, 20232 min read

News: Markets opened the new week mostly higher on Monday.  …Though overall sentiment was mixed. Image from Bloomberg The indexes barely budged… Dow Jones +0.0% Nasdaq +0.6% S&P 500 +0.5%…

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12/18/23 Your Free Lunch is Here

MichaelDec 18, 20232 min read

News: On Friday, markets reached the mid-way point of December. The end of the year is practically here. Friday’s trading was choppy. The triple witching was a likely cause. Chart…

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