5/2/23 Failed Banks Behind, FOMC Ahead

News: Markets gave little reaction to the latest bank failure during Monday’s session.  The indexes opened near flat and failed to make any major change. The close was unremarkable… Sector Round Up The sectors split down the middle … 5 of 11 ended Mo...

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May 02, 2023
5/1/23 Mayflowers Bring Risk-On Stocks

News: On Friday, markets opened lower, and that was the end of selling. As the day wore on, it was hard to find a price buyers wouldn’t pay. The indexes closed solidly green and at their session highs. Sector Round Up Almost every sector was higher a...

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May 01, 2023
4/28/23 We Want A Recession

News: On Thursday, markets reacted positively to the latest GDP advance estimate… According to the Bureau of Economic Analysis, the economy grew at an annualized rate of just +1.1% in Q1 … That’s less than half the previous quarter’s growth of +2.6%....

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Apr 28, 2023
4/27/23 In The Shadow of Giants

News: Wednesday was a mixed bag on Wall Street… Overall the markets appeared weak. But the selling was limited as a giant in the tech space held up the rest of the market. Image by Lonely Planet The indexes closed mostly lower, with a notable hold ou...

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Apr 27, 2023
4/26/23 Bears Win, Major Sell Signal Issued

News: On Tuesday, the markets opened lower once again … But this time, buyers failed to emerge. Looking for a reason? … Look at the banks. Image from CNN Shares of First Republic Bank (FRC) fell 50% to new all-time lows on Tuesday. Investors fled in...

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Apr 26, 2023
4/25/23 How to Buy Gold

News: On Monday, markets opened near flat and ended near flat. The indexes closed mixed… The theme of boring continues to rule the market, which ultimately favors the bulls. Image from iStock Of all the listed stocks, the divide was down the middle …...

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Apr 25, 2023
4/24/23 Big Tech to Report Earnings

News: On Friday, stocks capped off a lackluster week with another dull day of trading… The indexes moved from red to green and back again throughout the trading session. The swings were tame, and at the end, they all settled slightly higher… Instead...

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Apr 24, 2023
4/21/23 Tesla Slumps, U Power Pumps

News: On Thursday, buyers stepped aside and let the sellers have the day. After opening lower, the indexes traded in the red the entire day. At the close, markets were modestly lower… Image from Economic Times Sector Round Up The sectors were almost...

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Apr 21, 2023
4/20/23 A Forgotten Anniversary

News: Wednesday saw muted price action on Wall Street for a second day in a row. Markets gapped lower at the open. Then buyers picked up the discounts, and the indexes finished mixed, near flat, and once again, directionless. We decided to leave thes...

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Apr 20, 2023