Wall Street’s main indexes ended lower on Friday in a seesaw session, as investors digested a US jobs report that showed weaker-than-expected growth and awaited more economic data and corporate earnings in the weeks ahead. The benchmark S&P 500 was solidly higher for most of the afternoon, but stocks sold off toward the end of […]
We are providing this commentary to non-paid subscribers because we believe it is crucial for all investors to understand the current state of market sentiment. In our weekly issues of the Trend Letter, we regularly update various sentiment indicators to keep our subscribers well-informed about market trends and, equally importantly, investor sentiment. Based on our […]
Martin was the guest on Financial Advisor Bill Westmacott’s webinar with James Longstreet. Topics discussed were: Current market conditions How to identify trends in various sectors Debt concerns How was this serious inflation created? Will there be a recession and if so, how will it affect the average person and the markets? What should the […]
After receiving positive updates from retailers that reinforced the absence of an impending recession, the stock market surpassed the trading range that had confined it since February. This breakthrough triggered significant short covering and a surge of investment in the technology sector index, once again spearheaded by the mega-cap companies, as we have highlighted all […]
As the world strives to move toward greener energy, it has become clear that the production, harnessing, and storing of green energy is not all that easy or effective. The currently favoured green energy sources are solar, wind, and battery, with a few others, such as wave generators, making some inroads. They are all intended […]
Stocks closed slightly higher on Friday afternoon as investors digested a final slate of corporate earnings and fresh economic data to close out the week. The S&P 500 rose 0.09%, while the Dow Jones Industrial Average rose 23.99 points, or 0.07%. The technology-heavy Nasdaq Composite rose 0.11%. All three major averages closed the week lower. The S&P […]
Some of our past articles have discussed Chat GPT & the huge buzz it has created, starting back in about November 2022. Since then, AI technologies have been moving forward rapidly, and we see it making major inroads into commercial applications. Microsoft is prepared to invest $10b as it integrates AI into its MS-OFFICE products, […]
US stocks fell Wednesday as two economic prints showed a slowdown in the US economy in February, while fresh turmoil at Credit Suisse renewed investor concerns over the banking sector. The S&P 500 dropped 0.7%, while the Dow Jones Industrial Average lost 0.9%. Contracts with the technology-heavy Nasdaq Composite pared earlier losses and ended just […]
US stocks finished Monday mixed as volatile trading gripped Wall Street after federal banking regulators took aggressive actions to stem the fallout of Silicon Valley Bank’s failure. First Republic Bank led a decline in bank shares Monday that came even after regulators’ extraordinary actions Sunday evening to backstop all depositors in failed Silicon Valley Bank and Signature Bank and offer additional […]
Market Overview – March 1/23 US stocks finished mostly lower Wednesday to start March as key manufacturing data offered mixed results and two Federal Reserve officials suggested a more aggressive rate-hiking campaign in the coming months. The S&P 500 declined by 0.5%, while the Dow Jones Industrial Average was flat. Contracts on the technology-heavy Nasdaq Composite […]