U.S. Benchmarks finished the first quarter of 2021 in the green, following a four-month win streak that saw shares trade higher as vaccine distribution and the latest economic relief bill was passed. Strong earnings and economic reports also helped as the S&P saw 5.8% gains, Nasdaq at 2.8%, and the Dow up 7.8% for the […]
U.S. Benchmarks traded modestly to mixed results following U.S.-based hedge fund Archegos Capital Management selling over $30 billion in holdings, sparking international volatility concerns. To start the shortened trade week, markets will be closed on Friday in observance of Good Friday, both the S&P and Nasdaq closed marginally in the red while the Dow Jones […]
RoboStreet – March 25, 2021 Market Searching For Next Catalyst The checks are in the mail. The Fed and Treasury have spoken. The President gave his first press conference. Big tech has been grilled on Capitol Hill and the bond market is holding steady following three Treasury auctions amounting to $183 billion. As these events […]
Following the second day of testimony from Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell, U.S. benchmarks closed in the red with the Nasdaq leading the pack at down 2.01%. U.S. markets dipped to finish the trading day after also closing lower on Tuesday as yields on long-term U.S. Treasury notes continue to […]
All three major U.S. indices are trading in the green today, with the Nasdaq in the lead up 1.7%, after closing in the red last week. The Federal Open Market Committee kept interest rates unchanged and signaled at no change through 2023, however, inflation and interest rate concerns weighed on market sentiment with rising yields […]
RoboStreet – March 18, 2021 Fed Doubles Down Pushing Yields Higher This week’s FOMC meeting produced no change in fiscal policy, but rather a reiteration of the dovish stance the Fed has held throughout the past couple of years. Fed Chair Jerome Powell stood firmly behind the position that he doesn’t expect to raise short-term […]
Following the latest decision from the Federal Open Market Committee, U.S. benchmarks pushed higher after trading lower to start the week. Federal Reserve members decided to keep the central bank’s interest rate unchanged while also leaving most of the policies in place. Fed Chair Jerome Powell met with the press following the conclusion of the […]
After a back and forth week, U.S. stocks ended the week higher as the latest economic relief package was signed into law by President Biden. The American Rescue Plan will provide an additional round of stimulus checks, extend unemployment benefits, rework several tax codes, and provide over $160 billion towards vaccine development and distribution, as […]
RoboStreet – March 11, 2021 Rates Pushed Up Too Far And Too Fast The recent spike in bond yields seems more of a sudden reset than a major new trend in the making. We live in a modern marketplace where sudden resets are more common among asset classes where there has been a seismic shift […]
U.S. markets saw solid gains in early morning trading only to gain additional support following the passing of the latest stimulus package in Congress. After passing through the Senate over the weekend, the House of Representatives approved the $1.9 trillion relief bill which should be signed by President Biden on Friday. Following the signing, the […]
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