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 […]

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 […]