“The Beat Goes On”
March 24, 2024
This Sonny & Cher song title captures what’s been happening to the major US stock market indices. All three posted gains this week hitting new highs.
“The Beat Goes On”
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Stock markets retract a smidgen
Stock markets retract a smidgen
March 17, 2024
Do you know what a smidgen is? No, it’s not one of those scrabble words to get past your competition! It’s how much the three major US stock market indices decreased last week.
Is FOMO driving markets higher?
Is FOMO driving markets higher?
March 10, 2024
The S&P 500 currently trades at a price-to-earnings multiple of 22.82X trailing twelve-months earnings versus the historic average of 16X. Besides the AI revolution and resulting business efficiencies, the only other driver behind this stock market surge appears to be fear of missing out.
Mixed market results despite decreased probability of multiple rate cuts
Mixed market results despite decreased probability of multiple rate cuts
March 3, 2024
The three major US stock market indices produced a mixed bag of results for the week even though AAPL — a major index component — was down.
Nvidia surge propels indices
Nvidia surge propels indices
February 25, 2024
Talk about Fed interest rate cuts quieted this past week yet all three major US stock market indices rose. Both the S&P 500 and DJIA hit all-time highs as AI chipmaker Nvidia announced blowout earnings.
Hold tight on those rate cuts?
Hold tight on those rate cuts?
February 18, 2024
The US stock market has increased 14 of the past 15 weeks under the assumption that the Federal Reserve will start cutting interest rates soon. Well, not so fast! With the US economy and employment statistics holding strong, it appears that the Fed may keep interest rates higher for even longer.
S&P 500 breaches 5,000-point milestone
S&P 500 breaches 5,000-point milestone
February 11, 2024
The S&P 500 has posted gains 14 out of the last 15 weeks. Although that winning streak is not as long as the 27-game win streak by Wilt Chamberlain’s 1971 Los Angeles Lakers, it’s still pretty impressive!
Another record-setting week for U.S. stock market
Another record-setting week for U.S. stock market
February 4, 2024
We’re literally and figuratively playing that same record over again. All three major US stock market indices posted gains for the week with the S&P 500 and DJIA closing at all-time highs!
More of the same…in a good way!
More of the same…in a good way!
January 28, 2024
The highs keep coming for the major US stock market indices as all three notched additional gains last week. We saw both the DJIA and S&P 500 hit record levels.
Record Highs for the S&P 500 and Nasdaq
Record Highs for the S&P 500 and Nasdaq
January 21, 2024
Big tech had a big week driving two of the three major US stock market indices to record highs. It has been two years since the S&P 500 last peaked. This week, the index finally achieved a new record close.