The market was initially spooked by Moscow’s invasion against neighboring Ukraine early Thursday morning local time, using land, air and naval forces. The S&P 500 was down as much as 2.6% during the session but closed up 1.5% higher despite the outbreak of violence. As we had been highlighting, if the S&P 500 tests the 4200 level […]
(From Yahoo Finance)…Stocks extended losses on Wednesday after a steep sell-off during Tuesday’s trading day, which pushed the S&P 500 and Dow to their lowest settlements so far of 2022. The S&P 500 wiped out early advances to trade sharply lower in afternoon trading. The blue-chip index had also closed lower by just over 1% […]
The S&P 500 on Tuesday fell into a correction for the first time in two years, joining the Nasdaq Composite, as Russia sent troops into pro-Russian regions in Ukraine. The S&P 500 index SPX, closed at 4,304.76, below the correction level at 4,316.91, which would represent a 10% drop from its Jan. 3 record close. […]
North American markets were closed today, but we wanted to give investors a heads up as we head into a new week of trading. As we have been highlighting the last couple of weeks, near-term support for the S&P 500 sits at 4300, then 4200 (green horizontal lines on chart). As Martin highlighted in his […]
Martin was the guest on Michael Campbells’ Money Talks podcast this weekend. Topics included how to protect your investments and investing in Psychedelic therapies.
Stocks extended declines Friday to close a second straight week in negative territory with geopolitical tensions intensifying to contribute to a further risk-off tone in markets. The S&P 500 fell 0.71% to 4,348.97, building on a 2% loss in the previous session, while the Dow Jones index closed down 0.68% to 34,079.12 after erasing 1.8% […]
The S&P 500 closed higher by 1.6% in its first rise in four sessions. The jump came amid an announcement from Russia that it had pulled back troops near Ukraine and was seeking to continue diplomatic efforts with the West. However, President Joe Biden said during a news conference Tuesday afternoon that a Russian invasion […]
Stocks fell Monday as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve. The S&P 500 came off session lows but still ended in the red to extend losses after last week’s roller-coaster sessions on Thursday and Friday. […]
(From Yahoo News)…Stocks added to Thursday’s losses as jitters over a swift tightening of financial conditions increased on the heels of a multi-decade high print on inflation. Fresh geopolitical concerns between Russia and Ukraine further weighed on stocks and sent oil prices soaring to a fresh seven-year high. The S&P 500, Dow and Nasdaq fell […]
Stocks sold off and yields climbed after the Bureau of Labor Statistics’ January Consumer Price Index (CPI) showed the biggest annual jump in inflation since 1982. The surging 7.5% jump in prices escalated calls for the Federal Reserve to raise interest rates more aggressively than previously expected and begin rolling assets off its balance sheet, in moves […]