Global stocks are on pace for their worst drop since the 2008 financial crisis. Pessimism around the outlook for financial markets and the economy amid a backdrop of rising interest rates and fears a recession is underway have thrown a wrench in prospects for the seasonal year-end Santa Claus rally markets stocks typically experience at […]
Stock indices finished today’s trading session in the green. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 gained 0.53%, 0.59%, and 0.27%, respectively. So far, a ‘Santa Claus‘ rally has been missing as the year begins to close. The failure at the 50-DMA (blue wavy line) has kept short-term downward pressure […]
See great Black Friday Specials at end of this post Stocks finished mixed during an uneventful, shortened day of trading on Black Friday. When the closing bell rang on Friday, the S&P 500 was down 0.03%, the Dow was up 0.45%, and the Nasdaq fell 0.52%. The US stock market closed at 1:00 p.m. ET on […]
What a day in the markets. This morning, the US published its latest official inflation reading, and it came in better than Wall Street expectations for the first time since this whole inflation trend began. The market’s reaction was immediate, sending the S&P 500 up ~4% and the tech heavy Nasdaq up over 6%. And […]
US equities rallied Friday, as an earnings beat from Apple helped stocks push their way past a week of Wall Street misses for Big Tech. The S&P 500 gained 2.5%. The Dow Jones Industrial Average bounced more than 800 points, or 2.6%, to a two-month high, as it also notched a fourth-straight week of gains […]
Markets tanked again today after US employment data showed 263,000 new jobs, leaving the US labour market conditions very tight as the unemployment rate dropped to just 3.5%. This crushed any hopes the Federal Reserve will pivot anytime soon on its aggressive rate hiking path. As a result, the S&P 500 dropped 104.86 points or […]
Martin was the guest on This Week in Money with Jim Goddard and they covered a wide range of topics. Below are notes from that interview. To listen to the interview, click here. The interview starts at 13:30. Q. What is the market sentiment? Wow…how about frightful, panicked? We had the Fear/Greed index at Extreme […]
Long-lasting, quick-charging batteries are essential to the expansion of the electric vehicle market, but today’s lithium-ion batteries fall short of what’s needed — they’re too heavy, too expensive and take too long to charge. Solid state batteries are a promising technology aiming to solve these issues, but the technology itself has a few problems that […]
As noted to subscribers in Sunday’s issue of the Trend Letter, the the 50-DMA (blue wavy line) would be initial support for the S&P 500. We also noted that if that level did not hold it would open the door to retest the July lows (bottom green dashed horizontal line). After falling through the 50-DMA […]
The Trend Letter’s Martin Straith was the featured guest on Mike Campbell’s Money Talks podcast on Saturday. In the interview Martin gives his views on what is driving the markets currently and where he sees things moving from here. Topics include the stock market trend, how the US dollar drives markets, and how he sees […]