News: Yesterday the Producer Price Index (PPI) revealed the highest month-over-month increase since March 2022. Let’s take a look at the trends… While the monthly increase was notably higher, the overall trend continues to point lower. Markets tried...
News: Ahead of the open on Wednesday, stocks mainly drifted lower. At 8:30, the latest retail sales figures from the U.S. Commerce Department were released … Spending grew by 3% in January, the most significant monthly increase in nearly two years. M...
News: The CPI report dropped at 8:30 on Tuesday morning. And on this Valentine’s Day, it got no love. The report revealed that inflation is trending lower but not falling. Prices increased… After the news broke, volatility gripped the market. At lunc...
News: Monday opened with a bang and belonged squarely to the bulls. All of the 4 major indexes ended the day sharply higher… Sector Round Up It was hard to find a seller. 10 of 11 sectors ended the day higher. At the top… The lone decliner… Notable N...
News: Friday was a mixed bag on Wall Street… The tech-heavy Nasdaq traded in the red the entire day. The Dow traded in the green nearly the entire day. The S&P 500, arguably the most important index to watch, opened red, swung to green, and cont...
News: Markets jumped to a higher at Thursday’s open but lacked conviction to maintain the gains. Sellers pushed prices lower throughout the day and the indexes all closed lower for a second day… Sector Round Up It was another day for the bears as all...
News: Markets gave up some of their recent gains on Wednesday. Each of the major indexes ended the day deep in the red… Markets appear to be entering a consolidation phase, moving sideways more than up or down. It’s not uncommon… Sector Round Up Bear...
News: Sure, the President spoke, but the Fed Chair rocked the market. While speaking at the Economic Club in D.C., Powell said The Fed expects “significant declines in inflation” in 2023. And while the market went a wild ride, it ended sharply higher...
News: Markets slipped lower on Monday, posting the first Down Friday/Down Monday of 2023. We’ll discuss the significance of this in the “Timing” section. The declines were noticeable but not dramatic. All four major indexes ended lower… Sector Round...
News: Markets plummeted at the open on Friday after the January job’s report came in hot. The economy added 517,000 new jobs, far above estimates of 187,000. Strength in the labor market could help The Fed keep interest rates high for longer. At leas...