As the Nasdaq hit its 16th record close of 2021, the Dow and S&P closed in the red after nearing record highs this week. Today, Federal Reserve Chair Jerome Powell testified before the House regarding rising inflation concerns which follows several Fed official testimonies that relayed similar guidance. Fed members discussed current economic growth rates […]

Today, U.S. Benchmarks saw one of the best days since March after last week’s FOMC decision and comments from Fed chair Powell signaled a raising of rates sooner than expected. Also supporting stocks is the continued opening of the U.S. economy with COVID restrictions progressively being lifted. In relation, long-term Treasury yields moved higher while […]

RoboStreet – June 17, 2021  Fed Policy Triggers Long Dollar Short Commodities Trade  The Fed emerged from their two-day FOMC meeting with a few changes in policy and their economic outlook. The Fed is going to continue their quantitative easing of $120 billion per month, consisting of $80 billion in Treasury securities and $40 billion […]

U.S. benchmarks closed in the red following concerning remarks from Fed Chair Jerome Powell at his Federal Open Market Committee meeting press conference. The two-day meeting wrapped up today and saw the FOMC keep rates unchanged while confirming its intent to continue the bond-buying program. Powell’s “hawkish” comments caused some concern while the other key […]

Markets traded to mixed results today as a late afternoon rally pushed the Nasdaq to a record close while the Dow finished 0.25% down. On Tuesday, the two-day Federal Open Market Committee meeting will take place with a decision and comments from Fed Chair Jerome Powell on Wednesday. Inflation remains at the forefront of investors’ […]

RoboStreet – June 10, 2021 Bullish Biotech Breakout  Equity markets are in flux, sensing tighter Fed policy will emerge later this year to stem growing evidence of inflationary pressures. There are signs of upward pricing pressures in just about every industry and commodity around the world, the biggest surprise being the torrid rise in crude […]

All three major U.S. indices closed lower as a late-afternoon dip brought benchmarks into the red. The Dow is now going on its third losing session while long-term U.S. Treasury yields dipped to a multi-month low. Inflation remains at the forefront of investors’ minds with the latest economic reports providing additional guidance on the current […]

After passing its all-time high, the Dow closed with modest losses today while the Nasdaq and Russell 2000 were able to book small gains. Last week, May’s monthly employment report was released and showed a pickup in jobs from the previous month. Once again, AMC and Gamestop shares saw substantial gains, driven by online discourse. […]

RoboStreet – June 3, 2021 Market Faces The Test Of Seasonality  Sell in May and go away didn’t fully materialize this year, but will there be some gloom in June? That’s the question being asked about a market that has suddenly been hijacked by a handful of meme stocks, making headlines, but not doing much […]

With the latest release of the Federal Beige Book, markets posted slight gains today, extending the streak as the economy continues to reopen. The Beige Book, released with data from the twelve key federal districts provides a wide-scope review of the current economic state. These districts reported a steady pickup in economic growth and employment. While […]