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 […]

U.S. Benchmarks traded to mixed results throughout the day as the S&P and Nasdaq closed in the red while the Dow traded near 32,000 record level. Following last week’s volatile activity, treasury yields continued to rise as tech shares dipped to start the week. Yields have now recorded five straight weeks of gains, with the […]

RoboStreet – March 4, 2021 Inflation Fears Roil Markets  Sellers remained in control of the stock market this week as the Nasdaq entered correction territory, down a full 10% as of mid-day yesterday. The heavily-weighted technology index continues to weaken amid continued upwards momentum in long-term interest rates.  The yield on the 10-yr Treasury note […]

After a strong start to the week, U.S. benchmarks shed gains with all three major indices closing in the red. The Dow, S&P, and Nasdaq slipped for the second straight session with the tech sector seeing heavy selling pressure while U.S. Treasury yields continued to climb. Vaccine distribution continues to progress rapidly in the U.S. […]

On the first trading day of March, all three major U.S. indices booked gains today, with the Nasdaq leading at over 3% gain while the S&P records its biggest gain of 2021. After struggling last week, U.S benchmarks were able to start the week and month on a high note as the economic outlook remains […]

RoboStreet – February 25, 2021  Sector Rotation Spurs Market Volatility There are a number of fluid dynamics simultaneously occurring that are raising the level of volatility within the market. The Atlanta Fed has raised their GDP forecast for the first quarter to 9.5% from 4.5%. WTI crude prices are trading above $63/bbl. Copper and industrial […]