Stocks Fall As Earnings Season Begins Stocks fell hard last week as the market digested the latest round of mixed economic and earnings data. Investors continue to wait for a new catalyst to emerge to help the benchmark S&P 500 break out of its current 5-month trading range. Since December 2014, the S&P 500 has been trading between 2,119 (resistance) and…
Stocks Rally As Earnings Season Officially Begins Stocks rallied last week as investors returned from the long holiday weekend and digested the latest round of largely lackluster economic and earnings data. Earnings season officially began last week and a slew of companies will be reporting over the next few weeks. We will be looking for three…
Stocks End Mixed On Tepid Economic Data Stocks ended mixed during the shortened holiday week as investors digested the latest round of weaker-than-expected economic data. The self-described data-dependent Fed will likely err on the side of keeping rates low for the foreseeable future because the “data” remains very weak. The Fed has held rates near zero since…
Stocks Fall As Oil Surges 14% Over Past Two Weeks Stocks fell hard last week as the major averages paused to digest their recent and robust rally. A slew of “leading stocks” (mainly biotech, small-cap and tech stocks) fell hard last week which dragged the major averages lower. In other news, Crude Oil surged over +20%…
Stocks Rally After Fed Meeting Stocks soared last week after the Fed surprised investors and said they are not in a rush to raise rates. The move came as a big surprise because the “consensus” believed that the Fed may begin raising rates in June. Stepping back the action remains very healthy as the S&P…
Stocks Pullback To Consolidate Recent Gain Stocks fell for a third consecutive week as the market pauses to consolidate the latest and very strong rally. As a quick refresher, the benchmark S&P 500 vaulted 7% from Feb’s low of 1980 to Feb’s high of 2119. Remember, in “normal” (non Easy Money) days, a 10% rally for the…
Stocks Pullback To Consolidate Recent Gain Stocks pulled back last week to consolidate the latest and very strong rally. The S&P 500 vaulted 7% from Feb’s low of 1980 to Feb’s high of 2119. Remember, in “normal” (non Easy Money) days, a 10% rally for the entire year was welcomed. So clearly 7% in under…
Stocks Surge In February After all was said and done it was a very bullish month on Wall Street. The Dow Jones Industrial Average, the benchmark S&P 500, and the small-cap Russell 2000 all hit new record highs in February and the tech-heavy Nasdaq Composite galloped higher and is inching closer to its record high of 5132.52, hit…
Stocks Soar To New Highs After all was said and done it was a very bullish week on Wall Street. The Dow Jones Industrial Average, the benchmark S&P 500, and the small-cap Russell 2000 paused to consolidate their recent and robust rally then soared to fresh record highs. Meanwhile, the tech-heavy Nasdaq Composite galloped higher and is inching…
Stocks Breakout To New Highs After all was said and done it was another bullish week on Wall Street. The Dow Jones Industrial Average & the benchmark S&P 500 hit fresh record highs on Friday as the bulls continued to buy stocks. The bullish fundamental backdrop continues to be an improving global economy coupled with…