Last Week For what it’s worth, there’s something happening here, what it is isn’t exactly clear, but Wall Street traders stopped and took the market down (inspired by Buffalo Springfield’s “For What It’s Worth”). In fact, the stock market has posted its worst weekly...
Last Week The stock market posted its best advance in over a year as investors embraced the election results. Solid corporate earnings reports and a Fed interest rate cut further boosted the market. The S&P 500 surged 4.7%, setting its 50th record high of 2024,...
Last Week Investors could not get any satisfaction as a slew of earnings reports, economic data, and election anxiety combined to send stocks on a 2-week losing streak. Earnings from Microsoft and Meta were somewhat less than magnificent, and the declines in their...
Last Week What goes up (for six weeks in a row) has to come down (at least for a week), as the stock market’s spinning wheel has to go around. Wall Street traders' heads were in the spin cycle, with a mixed bag of earnings reports and economic data. The S&P...
Last Week The stock market’s weekly win streak reached six while notching its 46th and 47th record closes of the year. During this period, the equally weighted S&P Index (RSP) has mirrored the performance of the S&P 500, highlighting the broadening of the...
The market was able to extend its winning streak to five weeks despite escalating tension in the Middle East, a slightly hotter-than-anticipated consumer inflation report, a spike in jobless claims, a decline in consumer sentiment, and a 9-basis points increase in the yield on the 10-year Treasury.
Last Week The stock market weathered the crosscurrents of escalating tension in the Middle East, a potential disruptive labor dispute, and rising interest rates to post modest gains. The Oil & Gas sector was the only big winner, rising 6.7%, while the S&P 500...
Last Week The stock market continued to rock and roll, setting record highs on Monday, Tuesday, and Thursday. All the large cap indices finished in the green with the S&P 500 and Dow Jones Industrials both gaining + 0.6%, the Nasdaq Composite adding +1%. It was a...
Last Week Happy Days are here again! The skies above are clear again. The Fed is cutting rates again. Let us sing a song of cheer again. On Wednesday, the Fed announced a 50-basis point cut in the fed funds rate, marking the end of an extended period of extremely...
Last Week There have been bull markets and there have been bear markets. Now, some strategists are referring to the summer of 24 as a kangaroo market, with investor sentiment bouncing between fear and greed with all eyes on the Fed’s attempt to use monetary policy to...