8/14/23 Hotter Inflation & Retail Earnings

News: Friday was a mixed day on Wall Street. Markets digested the latest Producer Price Index (PPI) inflation data. Driven by services, prices increased… Friday’s data was slightly higher than “expectations” but still below The Fed’s goal of 2%. June...

Read More
Aug 14, 2023
8/11/23 Inflation is History

News: On Thursday, markets gapped up higher following the latest headline inflation data release. A decline in energy costs is keeping inflation in check—for now. The indexes didn’t hold the initial gains and closed the day mixed… Sector Round Up Pri...

Read More
Aug 11, 2023
8/10/23 Second-Hand Dealings

News: Markets tried to climb into positive territory several times during Wednesday’s trading session. But in the end, sellers held the line. The indexes all posted losses again… Sector Round Up Buyers had favorites, sending 4 of 11 sectors into a gr...

Read More
Aug 10, 2023
8/9/23 The Exercise Pill

News: Markets declined on Tuesday, giving up about half of Monday’s gains. The indexes all fell… Sector Round Up Despite the weakness, 3 of 11 sectors found enough buyers to close in positive territory. The winners… At the bottom… Weight Loss in a Pi...

Read More
Aug 09, 2023
8/8/23 Bucking Up

News: Markets opened the new week on a positive note. On Monday, the indexes all posted gains… Under the surface, the bull’s victory wasn’t decisive.  56% of all stocks finished higher, 41% declined. Sector Round Up The bull’s push was broad. 10 of t...

Read More
Aug 08, 2023
8/7/23 Don’t Come Back From Lunch

News: On Friday, the bulls opened the day strong.  The latest jobs report showed the labor market remains tight. 187,000 jobs added, and the unemployment rate held steady at 3.5%. Buyers initially came out in force. Just after lunchtime, the markets...

Read More
Aug 07, 2023
8/4/23 Bulls Show Up

News: Markets posted another day of losses on Thursday. The indexes closed marginally lower… While the day was red, the bulls made a showing. Of the 8,300+ listed stock stocks, 38% advanced higher during the session. Sector Round Up 3 of the 11 secto...

Read More
Aug 04, 2023
8/3/23 The Downgrade That Killed The Market?

News: Stocks tumbled on Wednesday. The selloff came in the wake of the downgrade of the US gov’t credit rating. Fitch Rating puts it at AA+, down from AAA. The indexes closed the day deep in the red… Headlines blamed the selloff on the downgrade. But...

Read More
Aug 03, 2023
8/2/23 A Need For Balance

News: Markets appear to be finding balance.  However, despite the red day, bears fail to capture any significant part of the market. The indexes ended the day mixed… The Dow, which is only 30 stocks, was held up by industrial giant Caterpillar (CAT)....

Read More
Aug 02, 2023
8/1/23 Meme Stocks Are Back

News: The bears tried to emerge during Monday’s trading session. The day’s trend was lower until … The final 10 minutes of trading. Just before the closing bell, a surge of buyers appeared out of nowhere and pushed the indexes higher. All the major i...

Read More
Aug 01, 2023