I don’t usually execute these types of articles anymore, but sometimes it’s necessary or pertinent to do so. Friday was a strange day for me and as such, you’re gonna hear about it! The major averages fell sharply on Friday as bond yields climbed further, ending the week near the highs. The benchmark 10-year Treasury…
All three major averages fell in the Thursday trading session as bond yields were on the rise. The 10-year Treasury yield trended higher and tipped over 2.92% in yesterday’s trading session, which stirred up anxiety amongst investors once again. The Dow Jones Industrial Average fell 0.3% to 24,665.89. The S&P 500 lost 0.6% to 2,693.13. Both…
https://www.youtube.com/watch?v=LwLD9k-JWVg...
The markets were a rather tranquil place yesterday, which hasn’t likely been stated for much of 2018 and in more than 2 months. But indeed it was with all 3 major averages finishing with less than a .5% move on the day and the VIX below 16. The S&P 500 index advanced about 2.25 points,…
U.S. equities have been in rally mode and the VIX is providing confirmation. That doesn’t make any sense now does it? Seeing how the VIX is completely reactionary it should be an example of equities/major averages/dog wagging the VIX/tail. Nonetheless as the major averages have been responding favorably to the early innings of earnings season,…
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…
Closing out the 1st week of earnings season found the major averages higher last week. In the wake of earnings results from Citigroup, Wells Fargo, Blackrock and JP Morgan Chase, however, investors found the earnings reports to be a sell the news type of event. While we’re not going to get into the individual reports…...
U.S. stocks closed with gains on Thursday and look to finish the week higher after several weeks of downward to sideways action on Wall Street. The Dow Jones Industrial Average rose 1.2%, or 293.60 points, to 24,483.05. The S&P 500 ended up 21.80 points, or 0.8%, to 2,663.99. The Nasdaq Composite Index was up 71.22 points,…
Yesterday’s inflation data was not received well by equity investors with the core CPI data coming in a little hotter than expected. Having said that, the 10-year yield didn’t respond with a sharp move in either direction, finishing the day at under 2.8% again. The consumer price index fell slightly in March to mark the…
