March 28, 2024

MVA Investor Newsletter Preview — Week of 25 March 2024

(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 500 gained more than 2% on the week to 5234 while the rate-sensitive Nasdaq-100 added 3% to 18,339.   This bullish outcome was quite unexpected as I thought we might have seen some post-FOMC fallout on the Saturn-Mercury-Chiron alignment. This melt-up rally seems unstoppable.  The Fed did investors a big favor last week as Powell suggested that slightly higher inflation (i.e. above 3%) would not necessarily preclude any rate cuts.  In signaling the Fed’s willingness to tolerate higher inflation, Powell opened the door to three rate cuts in 2024.  In so doing, the Fed appeared to be...

MVA Investor Newsletter Preview — Week of 18 March 2024

(18 March 2024)  US stocks slipped lower last week as hot inflation data and continued strength in the labor market dimmed hopes for interest...

MVA Investor Newsletter Preview — Week of 4 March 2024

(4 March 2024)  Stocks extended their winning streak last week as PCE inflation data came in near consensus estimates while Q4 GDP stayed strong...

MVA Investor Newsletter Preview — Week of 26 February 2024

(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...

MVA Investor Newsletter Preview — Week of 19 February 2024

(19 February 2024)  US stocks moved modestly lower last week as the closely-watched CPI report came in hotter than expected.  The S&P 500 finished...

MVA Investor Newsletter Preview — Week of 12 February 2024

(12 February 2024)  US stocks extended their rally as strong jobless data and a downward inflation revision raised hopes for rate cuts later in...

MVA Investor Newsletter Preview — Week of 5 February 2024

(5 February 2024)  Stocks pushed higher last week as strong tech earnings and a robust jobs report kept the market in melt-up mode despite...

MVA Investor Newsletter Preview — Week of 29 January 2024

(29 January 2024) US stocks rallied higher yet again last week as strong GDP data and another decline in PCE inflation kept dip buyers...

MVA Investor Newsletter Preview — Week of 22 January 2024

(22 January 2024)  Stocks rebounded last week as strong profit forecasts from AI chipmakers lifted the technology sector.  The S&P 500 gained 1% on...

Nikki Haley in a must-win situation in NH primary against Trump

(21 January 2024) After Donald Trump's big win in the Iowa caucus last week, the momentum is building for the former president in the...

MVA Investor Newsletter Preview — Week of 15 January 2024

(14 January 2024)  US stocks rebounded last week as lower PCE and PPI inflation data took bond yields lower and kept the dollar under...

MVA Investor Newsletter Preview — Week of 1 January 2024

(31 December 2023)  US stocks finished the year on a winning note as the Santa Claus rally delivered modest gains in the absence of...

MVA Investor Newsletter Preview — Week of 25 December 2023

(25 December 2023)  US stocks pushed higher for the eighth straight week as slowing PCE data provided more evidence for an imminent Fed pivot. ...

MVA Investor Newsletter Preview — Week of 18 December 2023

(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...

MVA Investor Newsletter Preview — Week of 11 December 2023

(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...

MVA Investor Newsletter Preview — Week of 4 December 2023

(3 December 2023)  US stocks moved higher again last week as the latest inflation data came in near the consensus forecast and took bond...

MVA Investor Newsletter Preview — Week of 27 November 2023

(26 November 2023) Stocks extended the rally last week as dip buyers continued to dominate the market given the bullish Thanksgiving holiday seasonality.  The...

MVA Investor Newsletter Preview — Week of 20 November 2023

(19 November 2023) Stocks rallied higher last week as moderating inflation data provided more evidence that the high in bond yields is now in...

MVA Investor Newsletter Preview — Week of 13 November 2023

(12 November 2023) US stocks extended their rebound last week as mixed signals from Fed speakers proved sufficient to spark a tech-led rally.  The...

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