Hello! Here’s what’s happening in the market today… News: Last week was brutal for the markets. The Nasdaq fell to correction territory. And Bitcoin is now more than 50% off its all-time highs. As Omicron wanes, Dr. Fauci said, it’s “going in the rig...
News: The market tried to rally yesterday but ended up getting stuffed. Swinging from 2% gains in the Nasdaq to more than a 1% loss. Peloton Interactive, Inc. (PTON), facing low demand, has shut down the production of its bikes and treadmills. Its st...
Hello! Here’s what’s happening in the market today… News: It was another day of selling yesterday as the S&P 500, the Nasdaq, and the Russell 2000 sank well below previously establish support levels. Despite the positive earnings report from BAC....
Hello! Here’s what’s happening in the market today… News: Tuesday was an epic day on Wall Street. Everything fell and there wasn’t a buyer in sight. Banks are reporting declining profits. And oil prices are at 8-year highs. But I’m still not seeing t...
Hello! Here’s what’s happening in the market today… News: Earnings season is here. Banks will take the lead with GS, BAC, and MS reporting today and tomorrow. Later in the week AA and NFLX will give us some insights into travel and tech. Inflation co...
Hello! Here’s what’s happening in the market today… News: PPI, another inflation reading, confirmed what we already knew … inflation is high. But month-over-month levels are stable. Could be we’ve reached the peak. I’ll be watching for these levels t...
Hello! Here’s what’s happening in the market today… News: Year-over-year inflation hit a decades-high level of 7%. But we already knew inflation was high. The big number was a headline but not unexpected. Month-over-month the consumer price index (CP...
Hello! Here’s what’s happening in the market today… News: The omicron variant is driving record levels of case numbers and now hospitalizations. But the market continued to rally. This tells me it has future expectations. The market is always forward...
Hello! Here’s what’s happening in the market today… News: The bears, pundits, and naysayers are calling for a crash. Yesterday the market opened red … and plummeted. I was traveling and not able to watch the whole saga play out. But when I stopped fo...
Hello! Here’s what’s happening in the market today… News: January’s first five days of trading ended in the red. Historically just 56% of years that begin with a red week end in the green. So it’s a coinflip at best… The market did give us a bullish...