Investment House Weekend Wrap Up Archive
Weekender for 8/21
1. Market Summary Oil Stocks Take the Lead Upside – Modest, but another move higher ahead of expiration. – Same action we have seen before, a brief test, a rebound. – Philly Fed better but not good, continuing claims continue to rise, existing homes -20.2% year/year. – Fed speakers hawkish in two of three out […]
Weekender for 8/14
1. Market Summary Futures Up – Futures up, hold gains on Producer Price Index (PPI) weakening — in some aspects — then reverse the gains. – PPI shows some lower prices but still big gains in food and other key areas. – Jobless, continuing claims continued higher. – Stocks surge, reverse with key names showing […]
Weekender for 8/7
1. Market Summary Slower Session as the Wednesday Rush Cools – Slower session as the Wednesday rush cools Thursday ahead of the jobs report. – China overreacts according the Administration. – BOE surprises with a rate hike, US Fed members continue to promise no pivot this year. – Jobless claims, continuing claims rise, data still […]
Weekender for 7/31
1. Market Summary Cognitive Dissonance, But Who Cares? – Even with some big-name earnings misses and a second negative GDP print, stocks rally. – Missing is good, negative GDP is not really negative. Hello? “1984”? – Cognitive dissonance, but who cares? – GDP in the red for a second straight month, but be comforted — […]
Weekender for 7/24
1. Market Summary Stocks Volatile in the Morning – Stocks volatile in the morning, then the bids hit again. – Indices finish at session highs as the third rally leg extends to over a week for some indices. – A broad move across many sectors, as individual stocks move to and through the 50-day moving […]
Weekender for 7/17
1. Market Summary Producer Price Index (PPI) Jumps Past Expectations – JPMorgan Chase & Co. (NYSE: JPM) and Morgan Stanley (NYSE: MS) miss, and the PPI overall jumps past expectations. Stocks fall but again rebound from the same lows. – Overall, the PPI is scorching hot, but Fed-speak debunks talk of a 100 basis point […]
Weekender for 7/10
1. Market Summary The Nasdaq Approaches the 50-Day Moving Average – The Nasdaq approaches the 50-day moving average (MA) as semiconductors catch a bid on Samsung’s better-than-feared earnings. – Defensive stocks stall somewhat, as bids move into multiple areas from growth to industrial. Did someone say the recession was over? – China’s stimulus plans help […]
Weekender for 7/3
1. Market Summary Market Closes Lower – Market closes lower, but it is well off the lows in a back-and-forth, end-of-quarter-type session. – Personal Consumption Expenditures (PCE) core is a gnat’s rear better, and again, the “inflation has peaked” theme appears. The PCE core may be a tad better, but the trend — in all […]
Weekender for 6/26
1. Market Summary Stocks Refuse to Give In – Stocks refuse to give in but are still moving toward near resistance. – The notion the Fed cannot get too aggressive and will indeed be forced to loosen monetary policy attracts some bids. – Continued weak economic data foster the “bad news is good news” notion. […]
Weekender for 6/19
1. Market Summary The Swiss National Bank Chop Blocks the Market – The Swiss National Bank (SNB) chop blocks the market the day after the Federal Open Market Committee (FOMC) meeting. Indices gap lower and sell hard, with small-cap and mid-cap stocks leading the downside. – The violence of the Thursday selloff on top of […]
