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 […]
The S&P 500 was up ~38 points today, but the markets are still quite nervous. Watch the 4600 level as near-term resistance as our model sees this as a key short-term resistance level and if we can’t push past this level we could see the market start to break down with a potential near-term low […]
Stock turned lower to close a choppy session at the start of another busy week for corporate earnings and fresh economic data, as investors continue to assess the Federal Reserve’s path forward for monetary policy. The S&P 500 declined after posting its best weekly rise of the year last week. The Dow traded little changed, […]
The S&P 500 managed to clock in another solid gain today, its fourth consecutive after the big sell-off in January. Better than expected earnings from Alphabet were the main driving force for today’s gains, but disappointing jobs data and a big earnings miss after the close from Meta (previously Facebook) could cause a setback tomorrow. […]
With all the chatter about inflation it is interesting that the Atlanta Fed’s first two forecasts for 2022 call for 0.1% growth, far below what mainstream economists are saying. The Atlanta Fed is unique in that their forecasting method only uses available data, and not projections for future data used by most other economic forecasts. […]
Since 1950, the market followed its January performance 85% of the time. As we can see on the chart, this January is a down month, suggesting the year will be a down year. But interestingly, in the previous two years the January performances were down, but the performance for the rest of the year were […]
The market continues to struggle making any gains and seems to still be very concerned with the US Fed plans to start tightening and raising rates. We continue to see wide volatility, with the market unable to hold intra-day gains, nor does it want to close on the lows. Intra-day we are seeing investors selling […]