Stocks slip for the week…..The predictions of impending ‘doom’ from Wall Street’s talking heads continued this past week. The reasons for a pull-back are many. The stock market has rallied and rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond-buying that has helped prop markets … Read more
The S&P 500 slumped to its worst weekly showing since February, with a significant pull-back Friday. Concerns about a volatile fall ahead are giving investors the jitters. As stocks have climbed steadily all summer, and still remain close to their record highs, investors are closely watching the Federal Reserve’s plan to slow bond purchases later … Read more
Stocks edged to a weekly gain, amidst a preholiday lull, and….. A job’s report that hindered optimism. A surprisingly weak U.S. jobs report for August provided for a mixed closing Friday of the indices. As the S&P 500 drifted lower Friday, digesting the unexpected negative jobs situation, the Nasdaq managed to be contrary. Techs led. … Read more
Powell Speaks, Stocks Rise…..A very deliberate Jerome Powell carefully explained in great detail why he expects a recent surge in inflation to ‘fade’ over time. Powell’s measured remarks also signaled the Fed would not rush to begin tapering, prompting the markets positive reaction. At the Fed’s meeting late last month the economy has seen “more … Read more
Stocks rally, but end the week a bit lower, even as they bounced higher on Friday, negating a downward trending. The big topic of conversation this past week was concerns over the general economic outlook, a slowdown in China’s growth (which could impede global recovery) and the uptick in Covid-19 infections. Tapering, the term used … Read more
The Dow & S&P 500 Edge To Fresh Records… The S&P crept to a new high as investors were duly impressed by a host of impressive earnings reports. The ‘broad’ stock market gauge added 217 points or 0.2% to reach 4468 on Friday’s close, clinching its 48th record close of 2021. Impressive Indeed. The Dow … Read more
The market is tough, strong and sturdy, and able to withstand the ‘tech’ route. After all when you live by Big Tech, you die by Big Tech. That’s just what happened this past week. Big techs floundered and lost ground, but the value stocks maintained their course. Outstanding earnings reports by these mammoth techs didn’t … Read more
The Bears made an unexpected appearance, short-lived as it was at the start of the week, retreating back to hibernation by weeks’ end. Our friendly bull took a break, but showed himself strongly on Friday, with the bears nowhere in sight. As the week kicked off, an appearance by the bears shoved the Dow Jones … Read more
U.S. Stocks Fall, Posting a Weekly Loss… U.S. stocks fell, snapping a three-week streak, as data showed consumer sentiment regressed in early July, driven in part by concerns of high inflation. The week was ‘marked’ by several choppy sessions of trading, as investors digested a higher-than-expected inflation reading on Thursday, including comments by Fed Chairman … Read more
The stock market closed out the week with bullish gains in lower volume, led by financial, energy, and materials stocks. The ‘topsyturvy’ week ended with the indices hitting fresh records. The Sentiment was positive as money flowed out of bonds and into stocks. The 10-year yield snapped a sharp weekly decline, rising 7 basis points … Read more