Summing Up The Week Even though there were only 3-1/2 trading days this week thanks to the Independence Day holiday, significant news releases really moved the markets, particularly later in the week. A hotter-than-expected jobs report indicates that the economy is...
Summing Up The Week The stock market was choppy but overall showed very limited movement throughout this week, likely due to the end of the month, end of the second quarter, and end of the first half of the year all coinciding together. Many investment firms need to...
June 23, 2023 Click above image for larger version The Week’s Biggest Winner & Loser Coinbase (COIN) Bitcoin exploded through the $31,000 mark this week on the back of Traditional Finance (TradFi) agencies teaming up to open a new exchange plus the potential...
Summing Up The Week The unbelievable rally taking place all year in the S&P 500 and the NASDAQ, in particular, took a breather this week with stocks pulling back. Many analysts blamed Fed Chair Jerome Powell’s testimony before Congress. However, I think this...
Summing Up The Week Inflation reports showed that disinflation is taking place – a good sign for the Federal Reserve’s fight against inflation – and, on Wednesday, while the Fed announced the pause the market was expecting, Chair Jerome Powell...
