News: Friday belonged to the bears. Markets opened near flat and never found any serious buyers. Stocks moved lower throughout the day. At the close, the indexes were all deep in the red… Over the weekend, Swiss-based bank UBS (UBS) acquired its stru...
News: On Thursday, markets opened on a weak note. The ECB surprised markets with a sharp interest rate hike of +0.5%, citing inflation concerns. Soon a glimmer of hope arrived. Big banks dropped a whopping $30 billion to rescue the suffering First Re...
News: On Wednesday, another bank took a nose-dive on Wall Street. This time the fear crossed the Atlantic. Swiss-based Credit Suisse (CS) fell as much as 30% in early trading as investors fled the bank. The selloff was caused by fears it could be the...
News: Markets surged higher when the latest inflation reading, the CPI, revealed inflation remains high. By the numbers… Core inflation, which excludes energy and food, rose even more, +0.5% month over month. Food prices increased more than any other...
News: On Monday, markets opened in the red. By lunchtime, the big three indexes all moved into positive territory. But the gains were short-lived. At the close, markets were mixed… Underneath the surface, the action belonged to the bears. 63% of stoc...
News: On Friday morning, before the market opened, trading was halted for SVB Financial Group (SIVB). Shortly after the opening bell, news spread like wildfire. The FDIC took over the bank, and its existence ceased—effective immediately. What Happene...
News: Markets opened green on Thursday as investors cheered the surge in new unemployment filings. Cracks in the labor market could persuade The Fed to stop raising interest rates. The bullish sentiment was short-lived … Shares of SVB Financial Grou...
News: On Wednesday, markets traded mostly in positive territory in the morning, mostly negative in the afternoon, and ultimately settled near flat. The four major indexes posted a mixed finish… It was a light news day as Fed Chair Powell offered litt...
News: The Market kept careful tabs on every word Fed Chair Powell uttered to Congress on Tuesday. He opened with prepared remarks and said, “interest rates [are] likely to be higher than previously anticipated.” After those words, buyers stopped buyi...
News: Markets open the week notably green on Monday. The Nasdaq rose as much as 1% in early trading. But the gains were short-lived. As the morning wore on, the major indexes gave up the early gains and settled near flat. The big three indexes finish...