Investment House Weekend Wrap Up Archive
Weekender for 4/21/2024
1. Market Summary Stocks blow another higher start as DJ30 again plays odd man out Fed-speak helps blow the upside as interest rate hikes are broached Jobless claims defy reality as denial appears to work, at least for now Philly Fed surges overall as the sub-indices show carnage — hanging your hat on hope as […]
Weekender for 4/14/2024
1. Market Summary Overall Producer Price Index (PPI) year/year jumps, but less than expected. A market that overreacted to the Consumer Price Index (CPI) surges back upside even as the core surges Bureau of Labor Statistics (BLS) adjusts higher gasoline prices right out of the picture Electricity bills surging as demand surges while new green […]
Weekender for 4/7/2024
1. Market Summary After a pullback stocks shoot higher — then are slammed in a large reversal Recent leaders lag early, close lower, but by the close look quite good compared to the non-commodities stocks Tuesday gap lower was the selling of another new high, and Thursday was a downside follow-through reversal Wars and rumors […]
Weekender for 3/31/2024
1. Market Summary After diving into the Tuesday close, stocks try rallying into the close NYSE indices show the best moves as Nasdaq, Nasdaq-100 lag Leadership continues leaning toward “hard items,” but chips do not look bad Gold hits another new high as it continues trading differently this time Data dump on Thursday with perhaps […]
Weekender for 3/24/2024
1. Market Summary Stocks continue the drive higher the day after Powell spoke All stock indices move higher, but the laggards show the best action as they play catch up Swiss National Bank pops an unexpected rate cut. The Rubicon has been crossed. Thursday’s data generally better, but the reality stories dealing with restaurant activity, […]
Weekender for 3/17/2024
1. Market Summary Upside futures survive hotter Producer Price Index (PPI), weaker retail sales, but by the close the indices are lower Late session recovery keeps Nasdaq et al. holding near support as the market tries to ride through the Nasdaq volatility Large-cap Nasdaq help lead along with oil and gas, retail, metals while small […]
Weekender for 3/10
1. Market Summary Powell affirms Waller’s ‘reverse twist’ musings and the market likes the prospects. After a volatile period, NASDAQ indices break solidly higher with the other indices — sans DJ30. Not much change in leadership, just recycling the usual suspects Initial jobless claims remain low even as Challenger and other private counters, as well […]
Weekender for 3/3/2024
1. Market Summary Personal Consumption Expenditures (PCE) tamer year/year, incomes higher, stocks respond upside Solid, albeit unspectacular moves higher The game: headlines are palatable to algorithms, but the data beneath are anything but positive PCE actually shows inflation rebounding, incomes are inflated by establishment jobs numbers, spending flags even with supposed stronger wage growth Even […]
Weekender for 2/25/2024
1. Market Summary As everyone expected, stocks gap higher on the NVIDIA (NVDA) results, led by techs, chips New highs for the usual suspects as small-caps bring up the rear Initial jobless claims laughable given the thousands upon thousands of layoffs Existing home sales lack volume as owners are locked in by high rates Commercial […]
Weekender for 2/18/2024
1. Market Summary Third rally leg continues despite weaker data, sentiment calling the move overdone Technical action overrules data Initial claims, of course, fade, but regional Purchasing Managers Indexes (PMIs) continue their weak performance, industrial production/utilization fall, retail sales show the typical first of year weakness Commercial real estate (CRE) is no real worry to […]
