Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 5/19

May 19, 2024

1. Market Summary More anemic data adds to the interest rate cut case, but after an early bounce, stocks backtrack to test the breaks to new highs Dog catches car: DJ30 touches 40,000, fades Import prices rocket higher, but the weaker data helps Chairman Powell build his case for pre-election interest rate cuts Even as […]

Weekender for 5/12

May 12, 2024

1. Market Summary Slow start energized by higher jobless claims NYSE indices lead the upside, playing catch-up to the tech side Precious metals surge, industrial stocks perform quite well Jobless claims post highest weekly rise since 2021, stocks applaud the weakness Bank Term Funding Program (BTFP) facility is still in play despite what some experts […]

Weekender for 5/5/2024

May 5, 2024

1. Market Summary Futures bounce post-Powell, market logs nice gains Jobless claims remain near record lows — basically the same for three years The most recent litany of economic woes Banks can be defaulted at any time the Fed needs U.S. Debt growth Stock indices attempting to break up the ABCD patterns Stocks rebounding into […]

Weekender for 4/28/2024

April 28, 2024

1. Market Summary Meta (NASDAQ: META) guidance lowered futures, Q1 Gross Domestic Product (GDP) doubled the premarket losses Q1 Personal Consumption Expenditures (PCE) surges, making the Friday PCE stand-alone reading extremely important Stocks gap lower on the one-two earnings/GDP punch, but pull out a very credible recovery Precious metals, oil and gas perform the best […]

Weekender for 4/21/2024

April 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

April 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

April 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

March 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

March 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

March 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 […]

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