News: The Federal Reserve released the minutes from its May FOMC meeting yesterday. The document was well-received by the market as all major indexes closed well into the green and near their respective highs of the day. The Russell 2000 was the day...
News: Markets declined sharply at the open yesterday. The Nasdaq fell almost 4% in the first hour of trading. But things looked different by the close. The Nasdaq was the worst performer ending the day down 2.3%, while the Dow managed to eke out a sm...
News: Markets closed in the green across the board yesterday. The Dow Jones was the leader with a gain of 2%. Financials were the strongest sector. Dow component JP Morgan Chase (JPM) gained more than 6% after providing positive forward-looking guida...
News: Friday was another wild day for the markets. The S&P 500 spent most of the day in the red, had a range of nearly 3.5%, but closed the day flat. A late-day rally saved the S&P 500 from officially entering a bear market. But the threat st...
News: Yesterday the big three indexes closed in the red. But they failed to tell the whole story. The S&P 500 is less than a 2% decline away from official bear market territory. But the Russell 2000 actually closed in the green. And about 53% of...
News: Markets went back into freefall mode yesterday. The overhead resistance we pointed out ended up being a turning point. The Nasdaq fell 4.7% in what Jim Cramer described as “one of THE WORST days i can recall in years.” The biggest loser was Tar...
News: Stocks rallied again yesterday. The Russell 2000 led the way higher with a gain of 3.2%, the Dow gained the least ticking up just 1.3%. Consumer staples was the only sector to finish the red. It was held down by Walmart (WMT) which declined 11%...
TerraUSD (UST) is described as a “stablecoin,” which means its price should be pegged to the U.S. Dollar. But its algorithm lost the peg during recent volatility. And the UST token crashed by over 90%. Terra (LUNA), a crypto related to UST, completel...
News: Stocks ended Monday mixed. The Dow rose 0.1% while the Nasdaq fell 1.2%. Overall more stocks declined than advanced. But the pause in momentum was met with lower volatility. The leading sector was energy again. The market is pricing in a full r...
News: On Friday, the markets bounced up from extremely oversold conditions. The tech-heavy Nasdaq led with a gain of 3.8%. MarketWatch described the mood near the close as “panic-like buying.” The best catalyst came from overseas where China is seeki...
