Since our last blog in early July, markets have been pushing higher to where the S&P 500 closed today at ~4518. When we posted back in July, we noted a few buy-the-dip phases after breaking above the previous resistance at 4311. On 6/20/23 and 7/3/23, we saw FOMO kick into gear with the dip-buying c...
Are rising interest rates headwinds for financial markets? Or is it simply that the financial media have familiarized investors with the notion that financial markets decline when interest rates increase? This anecdotal fact has been compounded recently by the 2022 bear market and the surge in infla...
For most of 2023, there has been an onslaught of bearish news calling for markets to drop. Investors have been blasted with a wall of worry from market pundits and news outlets calling for a recession, inflation, banking crisis, and most recently, the debt-ceiling drama. And while many are anticipat...
After rallying from mid-March to mid-April, markets have started May with some consolidation along the 4146 region. While volatility has been at the forefront for most indices, we have a recent breakout. The S&P500 broke through resistance this week while the Nasdaq hit a new 52-week high. The bu...
Encouraging headlines emerged this week, with the year-over-year CPI report falling from 6.0% to 5.0%. While the core CPI year over year did gain .1%, it still leaves markets with an encouraging sign that inflation is slowing down. In addition, the Producer Price Index (PPI) came well below expectat...
Coming into "Fed week," all major U.S. indices rallied to start the week. The rally helped push the S&P 500 up +2% on Monday and Tuesday. With market participants expecting a 25 basis point rise in short-term rates, shifting from value to growth stock has helped propel the Nasdaq Composite to challe...
February on average has a performance loss for the S&P 500 dating back to 1928. After three weeks of losses, many market pundits joined the bears to call for another pending crash. Interestingly, this came from the same fearmongers who cried out that markets would crash due to high-interest rates, i...
January is in the books, and U.S. financial markets have kicked the bears into hibernation. With such an eventful week on Wall Street where, the Feds, Bank of England, and European Central Bank all but raised rates with the backdrop that inflation has peaked and is subsiding. The stock market has co...
Since coming out of 2023, markets have been rallying higher into the new year with more than +4.0% gains for the S&P 500. And after hitting resistance near the 4000 region, markets are consolidating after a strong rally. As we made note from our last blog on 1/7/23, we stated the following:
"The ke...
Though not a substantial rally, the Santa Claus rally did produce this year. With the last five trading days for 2022 and the first five for 2023, the S&P 500 rose above 2022's close at ~3839. That is remarkable considering the current pessimism in the market and the many financial pundits calling f...
