Kuby’s Commentary

Bull Stampede

Wild Rush The 2023 bull stampede on Wall Street continued as the economic data and corporate earnings reports declawed those grumpy bears. All the major market averages finished higher, with the Nasdaq Composite climbing 4.3% to rack up a fourth straight week of gains, while both the S&P 500 and the Russell 2000 gained 2.4%. Consumer and technology stocks were the top performing sectors, while the safe havens of healthcare and [...]

2023-01-30T12:08:30-06:00January 30th, 2023|

Dovish Data, Hawkish Talk

Robust Rally A robust rally on Friday erased the losses from earlier in the week, with high-profile tech stocks leading the bounce. Netflix Inc (NFLX) surged 8.5% after gaining more subscribers than expected, and Alphabet Inc (GOOGL) added more than 5% after Google announced plans to cut 12,000 employees. The Nasdaq was the top performing index for the week, adding 0.5% in its third positive week in a row, while the [...]

2023-01-23T12:30:17-06:00January 23rd, 2023|

Freezing Bears

A Visit from St. Stock Market ‘Twas a week before Christmas with stock volume light. Bears were selling with few bulls within sight. No news Monday and Tuesday let stocks lower drifted. Wednesday’s Nike and Fed-Ex earnings helped markets get lifted. Investors cheered Thursday’s inflation data decelerating, but cautious consumer data swiftly ended the celebrating. Friday’s bell closed, three markets down for the week; S&P and Russell off slightly, but the [...]

2022-12-27T09:41:48-06:00December 27th, 2022|

Another Fed Gust

Liftoff The Santa Claus rally seemed to get a nice liftoff Tuesday morning with the release of the November CPI, which showed solid evidence that inflationary pressures were easing dramatically. Importantly, with the month over month increase of just 0.1%, the cumulative inflation over the last five months has been just 1%. At one point early Tuesday morning, the S&P 500 had rallied 5% for week, but the approaching winds of [...]

2022-12-19T13:28:52-06:00December 19th, 2022|
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