The Giants Dragged The Market Lower…Last week both Nvidia and Apple suffered heavily. After Nvidia’s skyrocketing performance upon extremely good earnings for the quarter, the stock dropped 6% in two sessions as profit taking took a toll. Apple fell over 6% in two sessions after a dethroning, as China’s government mandated central government’ officials stop … Read more
“Higher oil prices, higher inflation, higher rates for longer. That’s the tightrope that we’re walking right now,” spoken by Ole Hansen, head of commodity strategy at Saxo Bank. The U.S. investor is facing a multitude of negative ‘darts,’ trying to dissect what to invest in, in this troublesome market environment. Oil continues to notch higher, … Read more
“Proceed Carefully”…..words of caution, spoken by Jerome Powell, Federal Reserve Chair, at the ‘hallowed’ meeting of the Federal Reserve presidents from sectors in the United States, in Jackson Hole, Wyoming. Referring to the path of increases, Mr. Powell chose his words carefully, leaving the rate hike topic on ‘the table,’ but ready, giving the market … Read more
After three weeks of mixed to negative markets, Monday began and ended on a somewhat positive note, led by the ever aggressive tech-minded Nasdaq Composite, up 206 points. The 10-year Treasury stayed strong, reaching 4.34%, up from Friday’s close of 4.25%. As investors and traders look for higher yields, shunning stocks, markets struggle to stay … Read more
The earnings parade continues this week as some leading retailers headline quarterly results. Home Depot, Target, TJX and Walmart will be reporting, giving investors and traders a pulse of the coming market. Also due up is the July retail sales report, coming Tuesday morning. Wednesday afternoon the Fed will release its minutes from the July … Read more
As the earnings season winds down, with 79% of reporting companies besting expectations, investors and traders have been extremely critical this quarter. And resulting markets have reacted ‘stubbornly’ barely showing any upwind movement. Companies, according to FactSet, have seen their stock regress, dropping 0.5% “during the two days before and after the released reports. Surprisingly, … Read more
Monday kicked off another upcoming earning-packet week, catching ‘its breath’ as companies are getting ready to unload quarterly reports. If reporting follows the pattern of previous weeks, and according to market ‘gurus,’ expectations are for better numbers overall. As the month ended (July 31) the Dow Jones Industrial Average soared…up 1,069.79 points, or up 3.1%, … Read more
Stocks were softer Monday and Tuesday, with the Dow Jones Industrial Average sliding 300 points at Tuesday’s close. The tech-heavy Nasdaq Composite and the S&P 500 sank 1.98% and 1,58% respectively, notable drops, as the market was aimless. The week is shaping up as many high-tech, and tech conglomerates are scheduled to release earnings in … Read more
The University of Michigan released its ‘Consumer Sentiment Index numbers for July, showing the highest levels since September 2021, on Monday, boosting investors and traders’ confidences. July’s 72.6 number bested the forecast of 65.5 by market gurus. The U.S. consumers are catching up to previous pre-pandemic levels, projecting little concern over rising retail prices. Car … Read more
Stocks opened flat on Monday as investors and traders worried about market influencers; the anticipated rate hike next week, lingering stubborn inflation, and a spate of earnings reports to start the second half. Also due out this week, the U.S. Consumer and Producer inflation report that is predicted to show retail prices dropping a bit. … Read more