Latest News

S&P 500 & Nasdaq Snap Losing Streak

August 27, 2023

Much the same as the nine-game losing streak by the NY Yankees, the S&P 500 and Nasdaq snapped their three-week losing streaks this week.

Sorry to Say

August 20, 2023

All three major US stock market indices were down for the week. We’re not sure whether this is attributable to or despite several decent economic indicators, including retail sales, housing starts, and industrial production.

The Pause that Refreshes

August 13, 2023

Coca Cola’s old slogan — “the pause that refreshes” — reminds us of the US stock market in August.

U.S. Credit Rating Downgrade Spooks Markets

August 6, 2023

The big news last week was that Fitch downgraded the US Treasury’s credit rating to AA+ from AAA. After all, we have been running continuous budget deficits since the Clinton administration in 2001!

S&P 500 hits new 52-week high

July 30, 2023

Second quarter earnings season is in full swing posting solid +3% year-over-year growth and propelling the major US stock market indices to another positive week and a new 52-week high for the S&P 500. Approximately 80% of reported earnings have been better than expected.

Dow Jones hot streak persists

July 23, 2023

The Dow Jones is on a hot streak with ten straight positive trading days while the other two major US stock market indices came in mixed for the week (i.e., DJIA: +2.28%, S&P 500: +0.69%, Nasdaq: -0.57%). Although you shouldn’t wish your life away, many investors wouldn’t mind closing the book on 2023 right now with year-to-date returns of +6.28%, +18.15% and +34.07%, respectively!

Multiple factors push market upward

July 16, 2023

All three major US stock market indices produced nice gains for the week. Which factors are driving this market upward? Inflation and unemployment are two of them.

Fireworks Fizzled in the Markets This Week

July 9, 2023

The five-day workweek reverted to four days with the July 4th holiday. The US stock market indices certainly didn’t launch any fireworks with all three posting losses.

Mega Tech Breaks Stock Market Streak

June 25, 2023

After five straight weeks of gains for the S&P 500 and eight for the Nasdaq, all three major US stock market indices lost ground this past week. Those seven high-flying tech stocks—AAPL, MSFT, GOOGL, AMZN, NVDA, TSLA, and META—were the main culprits.

Markets Sustain Upward Momentum as Fed Pauses

June 18, 2023

The Federal Reserve’s rising interest rate policy may have paused this week, but stock market momentum continued its upward ascent! All three major US stock market indices posted gains for the week with the S&P 500 having its 5th consecutive weekly gain.