(21 April 2023) Stocks fell again last week as fears of a wider war in the Middle East dimmed prospects of an interest rate cut. The S&P 500 fell 3% on the week to 4967 while the Nasdaq-100 slumped 5% to 17,037. The broader averages fared somewhat better as the NYSE Composite lost just 1% on the week. This bearish outcome was very unexpected as I thought the influence of the Jupiter-Uranus conjunction would have coincided with some gains, especially later in the week.
The rally is finally taking a breather after the extended up trend following the October low. While many investors hit the sell button on the prospect of an unpredictable Israeli-Iran conflict, inflation concerns may well still...
(24 March 2024) Stocks rebounded last week as Fed Chair Jerome Powell delivered surprisingly dovish comments after the latest FOMC policy meeting. The S&P...
(26 February 2024) Stocks rebounded last week as investors piled into AI-related stocks after the Nvidia earnings report. The S&P 500 added more than...
(17 December 2023) US stocks rallied again last week as the Fed Chair Jerome Powell delivered a long-awaited pivot towards cutting interest rates. The...
(10 December 2023) US stocks pushed higher last week as Friday’s strong jobs report provided more evidence for a market-friendly soft landing. The S&P...