Investment House Weekend Wrap Up Archive
Weekender for 2/4/2024
1. Market Summary Market pulls the opposite day, trading the opposite of the post-Federal Open Market Committee (FOMC) selling Solid upside, but the moves were smaller, volume lighter than the stock dumping on Wednesday Regional bank deposit flight reboots and investors start thinking interest rate cuts on the heels of Chairman Powell saying it won’t […]
Weekender for 1/28/2024
1. Market Summary Different session, different focus: tech takes a back seat Buyers and sellers fight again with large intraday swings as this upside leg gets a bit extended The market’s narrow group of leaders a bit overbought, plenty of stocks are not, but they have yet to make moves Q4 gross domestic product (GDP) […]
Weekender for 1/21/2024
1. Market Summary The rebound setup received a trigger with some better corporate data as interest rate cut disappointment shelved for a session Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) helps spark the chips back upside, Nasdaq mega-caps bounce from good setups Housing starts drop, Philly Fed contracts a fifth month S&P reports an 80% increase […]
Weekender for 1/14/2024
1. Market Summary Consumer Price Index (CPI) hotter overall, cooler Core, but key areas return to rising as food hits record highs. All is well. Citi warns the day before earnings the Venezuelan peso may cause Citi to miss its results. Indices sell, but post strong afternoon recoveries. Positioning not changed, but the intraday action […]
Weekender for 1/7/2024
1. Market Summary Day three for 2024 and all the indices were down, but DJ30 As the first three days of January go, so goes … the January effect? Losses are not nearly as bad as Wednesday, but with the early gains and reversals, it was worse than it looked. Market in need of leadership. […]
Weekender for 12/31
1. Market Summary Santa rally tepid, reminiscent of the lack of Christmas spirit in “Elf.” Data still tepid overall, the seven-year auction was poor, but hey, the Fed Bank Term Funding Program (BTFP) arbitrage usage continues — great for banks, but how about everyone else? Most leading areas are in pause mode after a seriously […]
Weekender for 12/24
1. Market Summary Stocks start higher, move higher, put in a credible recovery from the Wednesday reversal Economic data woeful, but the focus was on the Q3 GDP 3rd read that saw weaker GDP but also weaker PCE. Free money once more: BTFP usage surges for another week as the arbitrage gets sweeter. Can I […]
Weekender for 12/17
1. Market Summary Stocks up again, though large cap techs left behind. Stocks riding Chairman Powell’s 180, but you have to ask: why did Chairman Powell completely flip in just two weeks? Bank stocks surge as yields fall, stocks rally. Their low-interest-rate investments enjoy lower interest rates while the banks make money in the stock […]
Weekender for 12/10
1. Market Summary Stocks start higher, add to gains, as the indices do what was necessary to hang onto the upside Jobless claims not too hot, not too cold That time of year: Bank of Japan (BOJ) hints at being tougher on interest rates. Someday. Bank Term Funding Program (BTFP) Fed facility usage surges as […]
Weekender for 12/3
1. Market Summary Stocks flip the Wednesday action, sell, then rally late Personal Consumption Expenditures (PCE) tame enough, income & spending lower, jobs claims higher, Chicago Purchasing Managers’ Index (PMI) crazily off expectations Techs lag as they struggle but in the end hang on. New month, two opposite sessions, a Friday rubber match? Stocks looked […]
