Walmart Sales Up, Gas Prices Down The stock market rally ran out of steam, as the S&P dropped 1.2%, the Nasdaq declined 2.6%, and the Russell 2000 slid 2.9%. Most of the damage was on Friday, without any specific news to account for the mood swing. Of note, the...
A Shift Back to Dovish Against the backdrop of the Fed raising rates and a shrinking GDP, the stock market finished July with a flourish as the S&P 500 rallied 4.5%, the Nasdaq gained 4.7%, and the Russell 2000 advanced 4.3%. The Oil and Gas sector was the...
Eric Kuby, Chief Investment Officer, will be interviewed on TD Ameritrade Network’s The Watch List hosted by Nicole Petallides. To hear North Star’s thoughts on market pessimism as well as our bargain stock picks, tune into the link below at 1:30 PM CT/2:30 PM ET....
Consumer Sentiment Crash It was no surprise to anyone watching the news over the last month that the University of Michigan Consumer Sentiment Index for May nosedived back to the lowest levels in eight-years, and approached the nadir reached in the financial crisis...
Dark Clouds Descend The stock market’s losing streak continued into May, as the Dow Jones Average lost 0.2%, its sixth straight declining week, while the S&P 500 also fell 0.2%. Once again, the losses were heavier in the Nasdaq Composite and the Russell 2000,...
FAANG in Flux For the second week in a row, the market was slightly ahead through the Thursday afternoon coffee break only to nosedive into the weekend. By the closing bell on Friday, the S&P 500 had shed 3.27%, the Nasdaq was down 3.93%, and the Russell 2000 lost...
A Million Reasons In her 2016 hit ‘Million Reasons,’ Lady Gaga sings: “I've got a hundred million reasons to walk away But, baby, I just need one good one to stay.” That one line captures how easy it is to find recent data points that support pessimism, and yet...
The $9 Trillion Question The $9 trillion question (size of the Fed’s balance sheet) which is unnerving the financial markets is whether “normal” monetary policy can be restored without crashing the economy. We have recently and frequently heard the argument that since...
Inversion Diversion Some market prognosticators believe that the stock market climbs any "wall of worry." If that is true, then the stock market is going much, much higher. Ironically, despite all the supply-chain issues globally, so far in 2022 there have been no...
Small-Caps Are Finding Their Footing The bounce back rally continued for a second week, with mega caps back in favor as the S&P 500 advanced +1.8%, and the Nasdaq gained nearly +2%. Small-caps continued to lag the field, with the Russell 2000 slipping -0.4%. On...
Outbreaks and New Rates In our previous commentary, “War-Torn Week”, we adapted the blues song “Stormy Monday” to describe the tone of the market. We expressed our belief that in the upcoming week that the war would be the primary determinant of the direction of...
Carnage Continues The market definitely sang the blues as the Dow Jones Industrial Average notched its fifth consecutive week of losses, down 2%, while the S&P dropped 2.9%, the Nasdaq slid 3.5%, and the Russell 2000 declined 1.06%. It was a worn-torn Monday And...
Historical Impacts of Military Conflicts on Equity Markets While recognizing that the future of humanity has been permanently altered by Russia’s invasion of Ukraine, our commentary will remain focused on the stock market and economy during this crisis rather than on...
Volatility Persists The disconnect on Thursday and Friday between the heartbreaking geopolitical developments and the euphoric reaction on Wall Street was startling. At the close of trading Friday, with bloody battles raging in Ukraine, the major indexes had rallied...
Convinced and Concerned For both the Winter Olympics and the market there were many exciting spins and twists during the week, but the stock market took a nasty spill on the slippery ice of the quad combo of geopolitics, economic reports, corporate earnings, and...
Rams Brought It Home If the trading week had ended at lunch on Thursday, then we could have cheerfully turned our attention to the Rams, Bengals, and Snoop Dogg. St. Louis Fed President James Bullard, perhaps still upset that the Rams had moved to Los Angeles, threw...
Meta's Face Plant The S&P 500 and Nasdaq Composite bounced back to post their best weekly gains in 2022, advancing 1.5% and 2.4% respectively. Small caps joined the party with the Russell 2000 rising 1.7% although still down 10.8% for the year and 18.0% since...
All about AAPL The selling from the previous week intensified Monday morning with tech stocks bearing the brunt of the pain as the Nasdaq plummeted 4.90%. During afternoon trading all those losses plus another 0.6% were recouped, representing one of the biggest...
Vicious Cycle The stock market suffered its worst losses in nearly two years with the declines on Friday sending the S&P 500 tumbling below its 200-day moving average, a key technical support level. It marked the third straight week of losses, with the S&P...
Riding the Wave Looking at the graph of S&P 500 last week jogged the memory of a sine wave from middle school math class. A sine wave or sinusoid is any of certain mathematical curves that describe a smooth periodic oscillation. A sine wave is a continuous wave....
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