Normalizing, Not Overheating Nor Collapsing The stock market surged on Friday following the December employment report which showed strong hiring and a historically low jobless rate combined with cooling wage growth. Following the report, Tavis C. McCourt,...
Good Riddance, 2022 The combination of Covid-19 concerns in China and the fourth consecutive month of housing price declines in the U.S. led to lackluster trading in the financial markets. In the equity indices, the S&P 500 slipped 0.1%, the Nasdaq Composite lost...
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...
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...
Spreading Cheer So far December has delivered a lump of coal to investors, with the market declining six of the seven trading days. The S&P 500 dropped 3.4% last week, while the Nasdaq and Russell 2000 fared even worse, shedding 4.0% and 5.1% respectively. The...
Soft-ish It’s beginning to look like Goldilocks might be hitching a ride in Santa’s sled, with the odds for a “softish” landing continuing to improve. Even the big, bad, Fed Chair Jerome Powell restrained from huffing and puffing and blowing the economy down during...
Tasty The financial markets gave us tasty reasons to be thankful, with the S&P 500 advancing 1.5% the NASDAQ gaining 0.7% and the Russell 2000 rising 1%. Advancing issues outnumbered decliners 2.5-1, and all the equity sectors finished in the green. The yield on...
Piling on Pessimism The pessimism pendulum oscillated between fear of inflation and fear of recession, with a brief swing over to optimism following an encouraging report that confirmed the downward trend in inflation. The producer price index for October released on...
In Memory of Sheldon Goodman It is with great sadness that we report that our beloved Sheldon Goodman passed away in his sleep Thursday night after heroically battling multiple illnesses throughout the years. Shel began his career at the Federal Reserve Bank of New...
Shaky Start November got off to a shaky start with the S&P 500 slipping 3.4%, the Nasdaq nosediving 5.7%, and the Russell 2000 retreating 2.6%. Almost the entire decline came in the last hour of trading on Wednesday, courtesy of Fed Chair Jerome Powell’s press...