6/30/23 The Complete July Outlook

News: Stocks generally rose after getting a surprise GDP revision for Q1.  The major indexes ended Thursday’s session mostly higher… Sector Round Up Thursday was a mostly bullish day as 8 of the 11 sectors ended the session with gains At the top… At...

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Jun 30, 2023
6/29/23 New Homes Are Selling Fast

News: Stocks drifted directionless on Wednesday. The major indexes ended the session mixed and little changed… Sector Round Up The sectors reflected the indexes… Of the 11 sectors, 5 ended Wednesday’s session higher, 5 were lower, and one closed unch...

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Jun 29, 2023
6/28/23 Happy Birthday

News: Markets reversed course on Tuesday, taking back all of Monday’s losses and then some. All four major indexes ended the session solidly in the green… A slew of minor economic reports went in favor of the bulls. Sector Round Up And as a result, t...

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Jun 28, 2023
6/27/23 Week Opens Weak

News: Markets opened the new week to some selling on Monday. The major three indexes ended the session lower. But the 4th index we track managed a small gain… Under the surface, there was a bullish tilt. 53% of all listed stocks posted gains, while 4...

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Jun 27, 2023
6/26/23 Time For The Overbought Drawdown

News: On Friday, it was hard to find a stock trading in the green. Stocks slid and closed the week with losses. For the Nasdaq, it was the first weekly loss in over two months. All the indexes closed Friday lower… Sector Round Up All 11 sectors follo...

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Jun 26, 2023
6/23/23 Perking Up

News: Markets finally seemed to find their footing on Thursday. While it was not a decisive victory for the bulls, the bears didn’t show up. The indexes ended the mixed and tilted green… Sector Round Up The sectors remained divided. 5 of the 11 secto...

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Jun 23, 2023
6/22/23 Fed Chair Cools The Rally

News: Markets posted a third day of losses on Wednesday This time as Fed Chair Powell reiterated the Fed’s stance to Congress that additional rate hikes may be needed this year. The indexes posted modest declines, again… Though it was hard to call th...

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Jun 22, 2023
6/21/23 Bitcoin Hit An All-Time High This Week

News: Markets opened the short week to a second day of losses. The indexes each post modest declines… Overbought conditions are finally starting to fade as the market returns to balance… Sector Round Up 10 of the 11 sectors ended Tuesday lower. Gains...

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Jun 21, 2023
6/16/23 It’s a Crowded Trade

News: On Thursday morning, the markets opened slightly red, and for good reason… The open ended up being the low point of the day. The indexes climbed throughout the session and finished sharply higher… So why the gains? The most likely reason is sho...

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Jun 16, 2023
6/15/23 Fed: Let’s Pause, But We’re Not Done

News: Markets opened just 1 hour after getting the latest Producer Price Index (PPI) report. For manufactures… But the real newsmaker was The Fed itself. Here’s what you need to know—straight from the Fed Chair himself… While markets took a dive when...

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Jun 15, 2023