Blog

No note this week.

With the elevated inflation numbers reported Wednesday, the market wobbled a bit this week.  You can tell the market is digesting a lot when both the S&P 500 and NASDAQ are trading up while the DOW and Utilities sector are trading down all on the same day.  Monday’s action marked the 8th straight day of higher closing prices for the market and also showed 17 of the last 19 days being up days.  Then the market promptly sold off Tuesday and Wednesday and was level on...

The market melted up again this week as all eyes were on Wednesday’s Federal Reserve meeting.  According to Bloomberg, and as expected, Fed policy makers announced a stimulus-reducing taper of monthly bond purchases.  The taper will begin later in November and continue for many months into the future with the caveat that they’ll adjust the taper as needed if economic conditions warrant it.  He further expressed a unanimous decision by Fed participants to be in...

More record highs this week for the S&P 500 as market participants grow more comfortable with the idea that the economy is continuing to recover.  While it’s never perfect, it seems we’re going to be ok, and the market is getting on with it.  Earnings season has gotten off to a great start, which has helped to bolster stock prices upward.   According to Bloomberg, some 81% of S&P 500 companies have reported better-than expected results so far...

More token record highs this week.  It’s amazing how fast the market switched from negative to positive.  That 5% dip from a few weeks back feels normal and distant, and this is usually how it goes, once investors realize how often this type of market behavior happens, they become better investors.  As of Thursday this week, the S&P had posted seven consecutive up days, tying the longest run since early July.  The news of the week is mildly changing...

The choppiness continues as we enter October.  While there has been some selling the past few weeks, it’s been impressive to watch the buyers come in and take advantage of cheaper stock prices (driving prices right back up).  It seems that we’re very much in a “hurry up and wait” situation as the market trades sideways looking for direction from congress on the debt ceiling and from the Federal Reserve on bond purchase tapering and interest rates...

The market has been weird lately, there’s no denying it, but don’t replace the word ”weird” with “bad” (they’re not the same thing, the market gets weird from time to time and it’s ok).  We’ve seen some selling the last few weeks, the market is digesting a lot.  It looks like there is positive movement on the debt ceiling debate, which is easing investors’ minds as the week ends.  Clearly investors are confused ...

We’ve got a lot of info for you this week, thanks for your attention.On Monday the market experienced its most significant down day since July.  Combined with the last 1.5 weeks of mild selling, many folks would be surprised to know that the market was only down 3-5% depending on the index you look at.   An investor with a diverse portfolio may have be down even less, that’s the point of diversification.  The S&P did break to the downside through the 50 Day ..

A bit of a recovery from last week’s sell off, but the market is still sideways at a high level.  The market sold off about 2% last week, much less than people might realize if you watch the news.  The S&P 500’s 50 Day Moving average held… again, at 4433.  This looks to be the 8th or 9th time it has held in the last 10 months.  This is a sign of it’s strength.  Someday the 50 Day Moving Average will break...

Some selling crept in this week as the lackluster jobs data reported last Friday continues to trickle into the markets and is digested.  The DOW is hovering just above it’s 50 Day Moving Average which usually acts as a floor of support for the market to bounce up from.  This level has held a number of times recently. Market moving data continues to be dominated by jobs data, the Delta variant, future variants and the Federal Reserve’s bond purchase taper plans...