Investment House Weekend Wrap Up Archive
Weekender for 2/19
1. Market Summary Stocks Move Higher Again Retail sales top expectations so the economy is obviously strong — if you don’t factor inflation’s impact on prices. Industrial production, capacity, Empire Purchasing Managers’ Index (PMI) terrible. Stocks move higher again, some solid moves, but overall the action on the rebound is sluggish. Bond yields, dollar continue […]
Weekender for 2/12
1. Market Summary Stocks Rush Higher, Rush Lower Stocks rush higher, rush lower. Nasdaq, PHLX Semiconductor Sector (SOX), Nasdaq 100 manage to hold the pullback, other indices blow up, break the prior low in the pullback. Fear of volatility, fear of a big put buyer. Many now speaking out about the Fed’s softening stance. Did […]
Weekender for 2/5
1. Market Summary Mega-Cap NASDAQ Stocks Explode Mega-cap NASDAQ stocks explode higher on Meta Platforms Inc. (NASDAQ:FB), ahead of key earnings. Indices so strong they are approaching next resistance. Bonds are at a very key inflection point. VIX is worth a look. No, it demands a look. Just what was Powell doing Wednesday? Just off […]
Weekender for 1/29
1. Market Summary Market Was Able to Blow a Lead and Then Recover Tesla’s earnings and Chevron’s massive buyback help turn the downbeat earnings season’s start. Market able to blow a lead and then recover. Gross domestic product solid, durable transports surge, initial claims lower again. Afterhours earnings for semiconductors are disappointing at best. Market’s […]
Weekender for 1/22
1. Market Summary Another Session Lower Another session lower as the indices start to tap support in the next big test. As stocks fade off the rally peak, many of the “hard” sectors start to lead again. Not all industrials perform: big manufacturing and equipment sell harder. Expiration Friday could be interesting, but we still […]
Weekender for 1/15
1. Market Summary Consumer Price Index Matches Expectations Consumer Price Index (CPI) matches expectations on the headlines, stocks bounce up and down then rally. CPI internals show continued surging services, rents, food — the things we need. S&P 500 bumps into the 200-day simple moving average (SMA) as PHLX Semiconductor Sector (SOX) continues up through […]
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 […]
