Summing Up The Week As earnings season continued, the market was driven by two kinds of news this week: quarterly reports and anything related to the Fed. With the majority of news stories released this shortened holiday week leaning bearish, the hangover from the...
Summing Up The Week Despite extremely hawkish Fed comments kicking off the week, all three major stock indexes showed impressive bullish performance this week, rallying significantly all the way into Thursday’s CPI report before calming down… slightly. On...
Summing Up The Week The first few trading days of a new year seem to typically be filled with confusion about which way the market wants to go, and 2023 was certainly no different. The first two days saw flat performance, Thursday sold off, and Friday rallied....
Summing Up The Week The stock market started weak on Tuesday and only got worse as the week went on as investors’ hopes for a “Santa Claus Rally” appeared to be exchanged for tax-loss harvesting, instead. On Thursday, the market experienced a bit of...
Summing Up The Week This week defined whipsaw action, kicking off when the Bank of Japan widened its bond yield, a move the country’s central bank hasn’t done in decades. Then, Nike (NKE) and FedEx (FDX) reported good quarters Tuesday evening to make...
