With a short week coming up and a shorter day Monday to prepare for the fourth of July, stocks were quiet with all indexes up just slightly at Monday’s close. Some high techs ‘speared ahead’ as traders and investors were anxious to vacate and ‘head-for-the-hills.’ Bitcoin was stronger after moving nicely to the $31,000.00 level, … Read more
Heading into the final week of the first half of 2023, stocks were off in all three indexes, with the Nasdaq Composite leading the downward trend. It was the sixth straight day of the Dow Jones Industrial Average falling, however most negative days were 50 to 100 points, although still negative. Some favorites, and many … Read more
Stocks in worldwide exchanges slipped downward as worldwide concerns of China’s economy worried all investors and traders. The yuan followed suit, weakening to the dollar and reversing a weeks-long trend. All U.S. markets were closed Monday in observance of Juneteenth, public holiday, with their reaction due out Tuesday. Worsening concerns over the past several weeks … Read more
As the week ended, the S&P 500 was off and running, running ‘like a bull.’ After a record bear market, all signs are looking ‘bull-positive.’ All eyes are on the ‘hallowed’ S&P 500 as the index is at its highest mark since August of 2022, and…now entering into ‘bull’ territory. “I do believe the worst … Read more
Labor continues to stymie recession fears, as 335,000 new jobs blew away market estimates in May, as announced by the Labor Department Friday. Indexes were all up significantly, with the Dow Jones Industrial Average exploding for 700 points, the largest gain in 2023. Both the Nasdaq Composite and the S&P 500 followed suit, up 1.1% … Read more
After days of anxiety and frustrations over the debt-ceiling crisis, investors and traders took on a more optimistic outlook as the market closed on Friday. And the indices all were positive. The Dow Jones Industrial Average jumped 300 points while the S&P 500 and the technology minded Nasdaq Composite were up 1.3% and 2.2% respectively. … Read more
All indices slid back on Friday, with the Dow Jones Industrial Average falling 100 points, while the tech heavy Nasdaq Composite and S&P 500 suffered minor losses of 0.24% and 0.19% respectively. Speaker of the House Kevin McCarthy chose House Representative Garret Graves to be his ‘point man’ and fresh face, in discussions with President … Read more
With Friday’s release of The University of Michigan Sentiment Survey’s scathing numbers, the outlook paints a bleak spending scenario, short and long term for consumers. The Index dropped to 57.7, down 5.8 points, exceeding economists predictions by 2.1 points. Consumers are ‘battle-weary’ after months of ‘bad news’…and now the debt-ceiling crisis. As Speaker McCarthy and … Read more
An uneasy market Monday and Tuesday didn’t get better after the release of the Consumer Price Index numbers on Wednesday. The Dow Jones Industrial Average even skidded a bit with the tech-heavy Nasdaq Composite and S&P 500 edging up 1% and 0.45% respectively. Increases in consumer goods were the weakest in over two years. The … Read more
The market was ‘frenzied’ Tuesday as investors and traders were besieged with many lasting concerns. The lingering First Republic Bank, SVB, and Signature failures, and unending inflation issues are pressing the market, that the worst is not over. Regional bank concerts are mounting. JPMorgan Chase’s Jamie Dimon (the biggest U.S. bank), ‘closed the book’ on … Read more