(14 April 2024) Stocks sold off last week as a hot CPI inflation number undermined hopes for rate cuts amid renewed war fears in the Middle East. The S&P 500 fell by 1.5% to 5123 while the Nasdaq-100 finished at 18,003. This bearish outcome was in line with expectations as I thought the Mars-Saturn-Rahu alignment would likely coincide with some selling.
The rally seems to have hit a speed bump. Last week’s rise in inflation surprised many traders and may have postponed rate cuts for the foreseeable future. Fed governors continue to downplay prospects for lower rates this year, even if FedWatch is still pricing in two cuts to 5%. With inflation expectations rising, bonds got pounded yet again as...
(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...