Summing Up The Week Early in the week, stocks remained relatively uneventful, staying flat to slightly positive for the majority of the week until Thursday. At that point, signs of reigniting inflation spooked investors. Despite Nvidia’s absolutely outstanding...
Summing Up The Week The market spent the week whipsawing on every news catalyst, initially seeing a negative reaction to the move in the yen, Japan’s weakened currency, then popping on the back of the Fed’s dovish comments only to give it all back at the...
Summing Up The Week Initially, the rally we’d seen for the majority of January continued to kick off the week until Federal Reserve Chairman Jerome Powell threw water on the markets during his press conference on Wednesday when he said a March rate cut was unlikely....
Summing Up The Week The Bulls and the Bears still can’t figure out which way they want to take stocks. Whenever one camp gets a foothold, the other swings their legs out from under them. On the one hand, the intraday volatility can provide a lot of opportunities...
Summing Up The Week It didn’t take a genius to know that the beginning of the year would be weak as institutions and professionals took profits from last year which they didn’t want to create tax events at the end of 2023. I know this because I’m...
