Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 12/10

December 10, 2023

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

December 3, 2023

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 […]

Weekender for 11/26

November 26, 2023

1. Market Summary A pause after the strong Monday move Retail earnings and more consumer data are concerning Federal Open Market Committee (FOMC) minutes show a Fed acknowledging risks of slowing consumers as it remains overall tighter Data dump Wednesday, NVDA earnings as market moves toward Thanksgiving. A lot of news hit the tape on […]

Weekender for 11/19

November 19, 2023

1. Market Summary Something of a test as the upside slows, market looks to take a breather Yields lower, oil slammed, gold and silver surge Philly Fed still bad, just not as bad as expected Export prices down, import prices down as oil price declines help, but consumption fades as well Walmart warns about the […]

Weekender for 11/12

November 12, 2023

1. Market Summary Stocks cruising to yet another gain when a 30-year auction torpedoes the upside Fed emergency facility usage surges to new highs Chairman Powell talks again, still talking tough So much for a rotational move as small-caps and mid-caps accelerate downside, large-caps test more or less as anticipated Large cap indices still hold […]

Weekender for 11/5

November 5, 2023

1. Market Summary Stocks start premarket higher, accelerate on more data Stronger session as the move expands Data strong … and not … as part of the economy is driven by money printing and military spending while the rest of the economy suffers Q4 rally shows solid internals, but after Friday’s jobs report, adding more […]

Weekender for 10/29

October 29, 2023

1. Market Summary Big tech plays catch down to the rest of the market as the Nasdaq breaks the 200-day simple moving average (SMA). Small-caps, mid-caps bounce after their thrashing. Q3 gross domestic product (GDP) at 4.9% with boosts yields, but a strong seven-year auction brings them back down — someone was sent in to […]

Weekender for 10/22

October 22, 2023

1. Market Summary Stocks bounce on Chairman Powell’s speech seen to be more dovish, but the move does not hold. Indices sell hard, some holding support, others dropping to next support, still others breaking even lower. The strongest stocks continue holding, e.g. software, some NASDAQ mega-caps, oil and gas while other leader wannabes are found […]

Weekender for 10/15

October 15, 2023

1. Market Summary Stocks rattled by hotter Consumer Price Index (CPI), recover from it, move higher. Market recovery chop-blocked by a terrible 30-year auction. Late rebound makes things a bit better looking at the close. Small-caps, mid-caps slaughtered as the economics at home look depressing. Same leadership groups hold up well enough as the market […]

Weekender for 10/8

October 8, 2023

1. Market Summary Indices volatile intraday again, hold support again. Indices move laterally as stocks work on their patterns. Jobless claims lower, trade deficit lower: both suggest stronger data using conventional wisdom, but lower imports mean a weaker consumer. Gloom suddenly popular. Big money talks gloom to help seasonal push lower as they buy growth. […]

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