RoboStreet – January 28, 2021 Shake Out Or Fake Out? Wednesday’s steep sell-off followed by Thursday’s sharp rebound is a flashpoint for markets that have enjoyed a smooth ride to all-time highs. When volatility enters the fray, then it’s a sign that there might be a pause in the bullish action ahead that needs to […]
U.S. Markets slumped today following the latest comments from Fed Chair Jerome Powell as the Federal Open Market Committee decided to keep interest rates unchanged while Powell stressed the potential for a long economic recovery ahead. All three major U.S. indices closed with over 2% losses as Apple, Tesla, and Facebook traded lower ahead of […]
After major banks returned better than expected earnings results last week which helped U.S. benchmarks record weekly gains, U.S. markets are modestly trading higher today. The S&P and Nasdaq traded slightly higher to open the week while the Dow closed in the red. Tesla, Facebook, Apple, and Visa are set to report quarterly earnings later […]
RoboStreet – January 21, 2021 Markets Feeling Better About Vaccine Rollout In light of a slow start out of the gate, vaccinations across the U.S. are picking up at rapid speed. As of yesterday, over 17 million people have been inoculated in the U.S. and over 54 million around the world. Both caseload and hospitalizations […]
U.S. Markets impressively rose today as Joe Biden was inaugurated to be the 46th U.S. President while corporate earnings continue to post impressive results. All three major U.S. indices closed in record territory with the Nasdaq leading the way, up 1.97%. Markets are responding positively to the inauguration as last week Biden unveiled his nearly […]
RoboStreet – January 14, 2021 The Reflationary Trade Is On The investing landscape for 2021 is rapidly shaping up to favor the domestic and international reflation-related sectors. Several positive factors argue well for this thesis in that so many areas that have lagged or been hampered by deflationary forces are back in play and have […]
U.S. Stocks largely finished in the green today after struggling for direction on Tuesday, with the S&P and Nasdaq closing in the green while the Dow closed 0.03% lower on Wednesday. Once again, the House of Representatives voted to impeach Trump while Senate Majority Leader McConnell stated the Senate would not move forward with impeachment […]
After reaching record territory last week, U.S. benchmarks closed in the red to start the week. The growing rate of COVID cases and possible fallout from last week’s Capitol Hill events have hindered market sentiment as we approach mid-January. This week, earnings season is due to kick off with major banks reporting while next week […]
RoboStreet – January 7, 2021 Market Volatility Looks To Be Dead Ahead Only one week into 2021 and already a blue sweep of the White House and Capitol Hill has been realized that likely means higher corporate and individual income taxes, more stringent regulatory oversight, and massive deficit spending. The market’s reaction was pretty counter-intuitive, […]
Taking in today’s headline news, U.S. benchmarks finished impressively higher, apart from the Nasdaq which started the day trading in the green but ultimately closed in the red. Most remarkably, the Dow closed in record territory surpassing 30,829 while the small-cap Russell 2000 recorded a 3.98% gain. Yesterday’s Georgia runoff election results appear to be […]
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