Summary: The Fed's Jerome Powell has spoken and a 50 basis point interest rate hike is practically certain. The day started out well but then equities slid as Treasury yields rose. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, April 21,...
Summary: Yields on longer-term treasuries dropped sharply today as did the US Dollar index. Growth stocks led the Nasdaq lower while the Dow Jones Industrial Average closed higher. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, April 20,...
Summary: Strong earnings reports thus far in the quarter helped investor confidence in the market and push indexes higher today. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, April 19, 2022 Facts: +2.15%, Volume lower, Closing Range:...
Summary: Stock indexes receded as treasury yields rose on the emerging likelihood of a recession in the next two years. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, April 18, 2022 Facts: -0.14%, Volume lower, Closing Range: 57%, Body:...
Summary: Investors found reasons to be optimistic despite soaring inflation and a hawkish Fed. Oil prices soared again, but that was not enough the dampen the mood. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, April 13, 2022 Facts: ...
Summary: We have our inflation data now as Consumer Price Indexes for March were released today. Large-cap stocks declined while small caps advanced. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, April 12, 2022 Facts: -0.30%, Volume...
Summary: Investors sold both equities and bonds ahead of CPI data coming this week that's expected to show record-high inflation and more motivation for the Fed to act aggressively. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, April 11,...
Summary: Friday was a continuation of this choppy week that saw more Fed officials take a hawkish stance toward policy to get inflation under control. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, April 8, 2022 Facts: -1.34%, Volume...
Summary: Stocks weren't sure what to do on Thursday, but Bonds sold off as investors continue to digest what Fed actions may be in store for later this year. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Thursday, April 7, 2022 Facts: +0.06%,...
Summary: A look at the Fed meeting minutes didn't do much to alleviate investor worries over inflation and near-term Fed actions. That created a wildly volatile day for equities while the US Dollar strengthened and Treasury yields rose. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my...
Summary: Brainard turns hawkish and sucks the energy out of the market. Equities dropped as yields soared. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, April 5, 2022 Facts: -2.26%, Volume higher, Closing Range: 11%, Body: 86% Red ...
Summary: Equities rallied on the first day of the week. Large-cap growth stocks drove the rally while Twitter soared 27% on news that Elon Musk bought a significant stake in the company. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, April...
Summary: Small-caps led the way higher on Friday, but defensive sectors continued to top the sector list with mixed news in economic data. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, April 1, 2022 Facts: +0.29%, Volume lower, Closing...
Summary: No sector avoided losses among continuing worries over the war in Ukraine and the Fed's response to inflation. Chinese stocks moved lower on disappointing economic data and COVID outbreaks. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- ...
Summary: Stocks pulled back after yesterday's rally as investors awaited any breakthroughs in the Russia-Ukraine negotiations. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, March 30, 2022 Facts: -1.21%, Volume lower, Closing Range:...
Summary: More yield curve inversion in bond markets raised eyebrows while a drop in oil prices helped equities rally. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. I had a vacation last week and decided to stay away from the computer as much as possible, so no Daily Updates for...
Summary: The Nasdaq had its best week since November 2020, rallying more than 10% from Monday's low to close with a +8.18% gain. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, March 18, 2022 Facts: +2.05%, Volume higher, Closing Range:...
Summary: All sectors rose on Thursday as investors' worries eased about interest rate hikes and the war in Ukraine. However, oil prices are on the rise again and could create more volatility to close the week. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...