We are now well into half of 2024, and the S&P 500 is up +17% for the year. While investors were looking for rate cuts earlier this year, nothing has yet to materialize. This has not phased investors, as markets have been in an uptrend rally buoyed by the AI bullish backdrop. That said, as we noted ...
On a high note, markets hit this Thursday, 6/20/24, with the S&P 500 just eclipsing the 5500 marker. The Nasdaq index also pushed higher, almost exceeding the 20000 marker for the high that day. With only a week left on the trading session for June, the near-term technicals are highly overbought a...
Markets closed this week at new all-time highs, and many attributed this to the consumer inflation data that came out on Wednesday. When the consumer price index (CPI) came out on Wednesday, the initial jolt to the market kicked off with a positive flavor as investors were gearing up to place their ...
When the Fed began raising interest rates back in 2022, there was hope from the trading community that the world of 0% interest would eventually come to pass. But months passed by in 2022, and those hopes were soon washed away as inflation continued to stay pesky. Fast forward to the beginning of ...
Markets had a pullback from last week's record high to close out on Friday's session at 5204. While the S&P 500 is experiencing a minor decline from its previous high set back on 3/8/24 near the 5264 region, all major indexes are still near all-time highs. With the latest signs that oil prices are p...
With the S&P 500 hitting a new all-time high this Friday, it is hard to find a case where even the staunchest bear participants are not on board this bull train. Since hitting the October 2023 lows, the S&P 500 has surged more than 23%, with weekly positive gains for most of this year. Now, market s...
The S&P 500 has hit all-time highs by surpassing the 5000 mark on January 12, 2024. During the fall of 2022, there was such pessimism and bearish market sentiment that there were only a few minority views that the market would reverse course and rally to where we are now. Some market pundits were fo...
As we near the end of 2023, investors can look back on this year's massive rally and wonder why they were so worried about all the talk about recession and inflation. It is hard not to fault investors as market pundits, economists, and news media have told them for over two years that a recession wa...
Markets have rallied off their recent October low to rally this November to make it three straight weeks of solid gains. The Treasury yield continues to fall, with the 10-year Treasury note dropping more than 19 basis points for the week and landing near 4.4%. The S&P 500 and Nasdaq are nearing thei...
The financial markets have pulled back more than 10% since the start of August, and at the current moment, there is a possibility that markets can head lower in the coming weeks. Some may see the recent pullback as a product of the rise in the 10-year treasury yield. Others may contribute to the Fed...
