News: Thursday belonged to Meta Platforms (META). It rose 23% and added $80 billion in market cap after blowout earnings and announcing plans for share buybacks. Everything META touched rose higher. The indexes closed mixed… Mega cap stocks didn’t f...
News: Markets opened red on Wednesday ahead of the long-anticipated Fed rate hike. After the hike was announced, +0.25%, markets moved towards flat. The Federal Funds rate is now 4.5 to 4.75%. Then Fed Chair Powell took the stage. He said… He left th...
News: Markets finished higher on Tuesday, technical support held, and a new major breakout was recorded … More on that below. The major indexes all but erased Monday’s losses… January finished the month up 6.2% … its best performance since 2019. 2019...
News: On Monday, markets slid lower ahead of the FOMC meeting, which convenes today. The selling was controlled but widespread. Each of the major indexes finished near their lows of the day. After leading the charge for several days, the Nasdaq dragg...
News: Welcome to the final trading days of January. On Friday, markets opened near flat and chopped around during the morning session. By mid-afternoon, stocks were mostly higher but faded in the final hour of trading. The bulls held on to claim vict...
News: Estimated annualized GDP growth in Q4 of 2022 came in at 2.9%. In short … People are still spending money, and a recession is becoming less and less likely. After the data was released, the markets lurched higher, traded mostly in the green, an...
News: Wednesday morning belonged to the bears. Markets opened lower and fell. One hour into the trading session, the Nasdaq was down about 2.5%. But that’s as far as the bears got… Stocks clawed back the losses and closed the day mixed and near flat…...
News: Markets treaded water on Tuesday. Most of the price action was sideways. The major indexes closed mixed and little changed. Near the opening bell, the NYSE experienced a major glitch that caused a host of “erroneous” trades. It’s being called a...
News: Markets posted another day of significant gains on Monday. The major indexes closed at their highs. Again. And once again, “risk-on” Nasdaq led the way… It appears that sellers have lost momentum. Sector Round Up The 11 sectors were all green....
News: On Friday, Markets opened green and struggled to find a seller. The major indexes climbed throughout the day and closed at their highs. The “risk-on” Nasdaq led the way… There was no clear catalyst. But strong buying on a Friday shows the marke...
