Stocks Slide to Start the New Year

Stock indices mostly declined last week with the tech heavy NASDAQ index experiencing substantial declines as traders rotate from growth stocks to value stocks.  Emerging markets managed to post a very slight increase.  The Federal Reserve released their minutes from the December meeting on Wednesday and spooked the markets with a possible rate increase in […]

Stocks Gain Modestly in the Final Week of 2021

The last week of 2021 ended with modest gains in most indices but the Nasdaq 100 virtually flat on low trading volume. As we start 2022, traders will focus on Q4 earnings reports coming out later in January.  Forecast are for strong Q4 earnings and this will be necessary to sustain an upward trend in […]

Stocks Recover with Santa Claus Rally

While the declines lasted into Monday, stocks rose the remaining three days of this holiday shortened week with all major indices ending with substantial gains.  The economic data came in mixed with strong housing numbers but weak inflation adjusted consumer spending and income. Treasury yields rose with the 30-year bond yield closing at 1.908% and […]

Central Bank’s Strike Back Against Inflation

Central banks across the world met this week and most focused on an end to monetary stimulus and to fighting inflation: The Federal Reserve announced it would accelerate tapering of bond purchases with the goal to conclude them by the end of March.  The FED also predicted three rate hikes in 2022. The Bank of […]

Stocks Stage Strong Comeback

Despite inflation fears, the markets staged a strong comeback this week with the S&P 500 index posting the biggest gains.  The consumer-price index hit 6.8% in November, the highest since 1982. October saw a sharp decrease in the trade deficit due to surging exports of energy and agricultural goods that more than offset the increase […]