RoboStreet – May 27, 2021 Dollar Rally In The Cards Stocks have rallied up to the high end of the current trading range as hopes for an infrastructure package are stoking short-term optimism. Additionally, economic data has proven to be quite robust that is raising questions about how much longer the Fed should continue its […]
Major U.S. indices traded higher across the board today with the small-cap Russell 2000 index booking the largest gain, at 1.97%. With these gains, U.S. indices finished near all-time highs as earnings and economic reports continue to show strong improvement as the country continues to open up. Inflation remains a concern as long-term Treasury retreaded […]
Supported by a strong tech-sector rebound, all three major U.S. indices booked gains today- powering the Dow Jones to an impressive three-day streak. The latest supply, demand, and price report appear to have supported markets with indication both world and U.S. economies continue to return to pre-pandemic levels as vaccine rollouts continue. Likewise, dropping infection […]
U.S. Benchmarks finished lowered Wednesday as inflation concerns intensify in prominence, only to snap their three-day losing streak to book impressive gains. Nasdaq led the pack with a 236 point rise while the S&P finished up 1%, Dow up 0.5%. The steady wave of strong corporate earnings as well as the latest round of economic […]
RoboStreet – May 20, 2021 More Market Consolidation Ahead Some big moves in a few key asset classes have fueled volatility this past week, putting the bulls on the defensive for the time being. Crude oil, lumber, copper and most other commodities have run into selling pressure, while Bitcoin, Ethereum and other crypto currencies were […]
Although markets saw several key earnings report return with better than expected results, all three major U.S. indices closed in the red. Inflation concerns have continued to escalate while today’s Housing and Building Permits reports for April underwhelmed, both pressuring U.S. markets. The housing report showed a significant increase in the last month while the […]
RoboStreet – May 13, 2021 Market In Correction For The Near Term Stocks experienced a trap door selloff that was already in the making with several key growth stocks breaking down leading up to Wednesday’s steep slide. Key inflation data in the form of consumer prices soared levels not seen since the Reagan era, and […]
With inflation up 4.2% for the year following the latest April CPI report, all three major U.S. indices closed sharply lower, with Nasdaq seeing the largest dip- down 2.67%. Tech shares continue to struggle as market-wide pressure was seen following the troubling consumer-price index report which showed one of the fastest rises in rates since […]
After topping the impressive $35,000 level, the Dow Jones retreated in the afternoon and finishing in the red, snapping a 5-day win streak for the index. Market-wide pressure was seen today as the tech sector tumbled while last Friday’s monthly jobs report did not provide the support previous employment reports have. Amazon, Google, and Apple […]
RoboStreet – May 6, 2021 Market Landscape Taking Notably More Defensive Tone This week has seen an accelerated rotation out of high P/E growth stocks and growth stocks in general after Treasury Secretary Janet Yellen noted in a seminar speech the interest rates may need to rise to keep the economy from overheating. After the […]
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