Investment House Weekend Wrap Up Archive
Weekender for 1/8
1. Market Summary Third Day is Lower Third day is lower, market down overall for those days. That said, this was no 2022… Stocks were decent until not — the data, Fed-speak torpedoed the hope for an upside session. Bullard flaps his wings, coos a bit, bounces the market, but it does not hold. Economic […]
Weekender for 1/2
1. Market Summary Third Time is the Charm Third time is the charm as upside futures hold, stocks rally. S&P 400, Russell 2000 Index broke hard downside Wednesday, surged back upside Thursday. S&P 500, Nasdaq, DJ30 move higher as expected after Nasdaq fell to the October low on Thursday. New year will see some new […]
Weekender for 12/25
1. Market Summary Here Comes Santa Claus and There Goes Santa Claus? Here comes Santa Claus and there goes Santa Claus? Third revision of Q3 gross domestic product (GDP) upsets the Wednesday rebound. Stock indices sell hard through midday but then mount impressive recoveries. Bids returned after the market was rattled by GDP. Will the […]
Weekender for 12/18
1. Market Summary Stocks Squander Descent Positioning Stocks squander decent positioning for the upside, sell through near support. Federal Open Market Committee (FOMC) hangover does not lead to a bounce. Retail sales fall as inflation cannot inflate sales levels enough. Philly Fed, Empire PMI miss downside. Industrial production, capacity fall. Philly region Fed calculates BLS […]
Weekender for 12/11
1. Market Summary Indices Bounce as Anticipated Indices bounce as anticipated, some good, some so-so The PHLX Semiconductor Sector (SOX) shows solid action while NYSE indices are lackluster Saudi Arabia and China turn chummy even as Saudi brokers U.S./Russia prisoner exchange. Producer Price Index (PPI), Michigan sentiment on Friday provide next pricing/inflation data, but next […]
Weekender for 12/4
1. Market Summary Stocks Hold the Wednesday Surge Higher Stocks hold the Wednesday surge higher, but it was a fight to do so. Indices, stocks show candlestick doji, likely continuation doji given the solid moves Wednesday. PCE measure of inflation drops modestly as economic indicators drop faster. Friday jobs report focus should be on where […]
Weekender for 11/27
1. Market Summary Stocks Break Higher Off the Consolidation More expansion of China COVID-19 restrictions fails to sway a break higher. Stocks rally higher from the consolidation, defying yield curve inversions. The Fed only has a couple of options, and one of them is based flat out on hope. What option the Fed takes and […]
Weekender for 11/20
1. Market Summary Fed Speakers Come Out Swinging Fed speakers come out swinging. Trying to precipitate the crash? Stocks sell for a second session, but indices and leaders hold support. Housing starts hit COVID-19-lows, Philly Fed contracts sharply. Yield curve inversions hit record levels as the Fed marches on, doing what the Fed does. The […]
Weekender for 11/13
1. Market Summary Election Uncertainty is Quickly Forgotten Election uncertainty quickly forgotten given the Consumer Price Index (CPI). Inflation pressures fade just a bit, but the market acts as if inflation is already beaten, a soft landing is skipped and nothing but expansion ahead. DJ30 surges 1200, the Nasdaq by 760, and even cryptocurrencies are […]
Weekender for 11/6
1. Market Summary Stocks Follow Through Lower Stocks follow through lower after the post-Federal Open Market Committee (FOMC) selling. Selling yes, but not a lot of fear as many trading desks note — not much fear when there is a silent hand behind the action. Recession worries resume, layoffs are finally acknowledged. Central banks buy […]
