News: The market rally stalled on Friday as investors considered the earnings reports of several big banks. JP Morgan (JPM) gained while Wells Fargo (WFC) & Citigroup (C) fell. The indexes ended Friday’s session mostly lower… Sector Round Up The...
News: The PPI report, which is considered a leading indicator, showed prices rose just 0.1% over the past year. That’s the smallest year-over-year rise in three years. Inflation for wholesale prices has retreated from record-high levels. The expectat...
News: The latest CPI report said inflation rose just 3.0% year-over-year. Mind you, The Fed’s target is 2%. The driving force is Energy… Over the past 13 months, inflation has come down 67% from 9.1% in June 2022. The report bested expectations. The...
News: Buyers continued to push prices higher on Tuesday. The indexes all posted solid gains… The Russell 2000, representing the small caps, posted the biggest gain for the 3rd day in a row. Between the surge in small caps and the climbing price of ^B...
News: Monday’s trading session belonged decisively to the bulls. The indexes all posted gains, with the Russell 2000, representing the small caps, leading the way once again. Sector Round Up The sectors we’re bullish too. There were a few weak spots...
News: On Friday, the June Jobs Report dropped pre-market, and the initial reaction was fairly positive. Markets opened slightly red, but by early afternoon all the major indexes were trading firmly in the green. And that’s when the bulls ran out of...
News: The latest unemployment filings showed little change in the job market. This week 248,000 new claims were filed. The 4-week moving average is 253,250. Over the past year, new filings have held steady, moving almost perfectly sideways… The marke...
News: On Wednesday, markets opened modesty lower and failed to move into the green all day. The indexes ended with some losses… The biggest newsmaker of the day was the release of the minutes from the most recent FOMC meeting. In a nutshell, they sai...
News: On Monday, markets welcomed July and the second half of 2023 on a positive note. The major indexes ended Monday’s shortened with modest gains… Sector Round Up Most of the sectors follow suit. 9 of 11 sectors ended Monday in the green… At the to...
News: Markets will be working on limited hours this week. Today, markets will close early ahead of the holiday. The closing bell is scheduled to ring at 1 PM. Looking back on Friday, markets rocketed higher. The major indexes ended the session sharpl...