Last Week After a nine-month gestation period, the Fed delivered a 25-basis-point rate cut. Additionally, the Fed’s updated Summary of Economic Projections (dot plot) tilted more dovish with two more cuts in 2025. Nevertheless, Fed Chair Jerome Powell’s post-decision...
Last Week “It’s the economy, stupid” was a phrase coined by James Carville in 1992, when he was advising Bill Clinton’s presidential campaign. The related phrase in the stock market recently could be “It’s the Fed Funds rate, stupid”. Following tame inflation data,...
Last Week The stock market inched up, with the S&P 500 reaching a record high on Thursday before retreating on Friday during the holiday-shortened week. Sentiment was mixed as the weakness in the labor market bolstered the case for more aggressive Fed easing but...
Last Week All was quiet on Wall Street, as traders digested solid economic data, Nvidia’s earnings, and the never-ending news flow in the nation’s capital. Nvidia, the world's largest chipmaker and most highly valued company, posted terrific earnings, but investors...
Last Week “The Shifting balance of risks may warrant adjusting our policy stance,” said Federal Reserve Chair Jerome Powell on Friday at the annual Jackson Hole Economic Policy Symposium. Traders translated that to mean “we are lowering the fed funds rate at the...
Last Week The stock market was dancing to the beat of the Four Tops' 1965 classic hit “It’s the Same Old Song”, as once again inflation data influenced traders' expectations for upcoming interest rate decisions. The big move on Tuesday followed the July consumer price...
Last Week The stock market posted its best week since late June, driven by solid quarterly earnings and the prospect of lower interest rates. Following another series of beats across multiple sectors, the growth rate for S&P 500 earnings increased from 10.3% to...
Last Week Corporate earnings reports were solid, but the news flow on tariffs, the jobs market, and the Fed soured the mood on Wall Street, leading to a down week for stocks. The S&P 500 shed 2.4%, the Nasdaq Composite slipped 2.2%, and the Russell 2000 slid 4.2%....
Last Week The stock market reached its 14th record high of 2025 on Friday, with the S&P 500 gaining 1.5%, the Nasdaq Composite +1%, and the Russell 2000 +0.9% for the week. The number of Advancing issues was double that of declining issues, and every industry...
Last Week It was a mixed bag for stock market investors. Strong performance in the Tech sector led to record highs in the S&P 500 and Nasdaq Composite, but underneath the surface, declining issues outnumbered advancing issues by a factor of 3-2, while...