Avatar photoMatthew Krumholz

Dow Rises on Cokes Earnings Beat, Dallas Fed Index Decline Flashes Recession

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MARKETS TODAY April 24th, 2023 (Vica Partners) Last Week, Indices mostly unchanged, the S&P 500 -0.09% the smallest weekly range in 19 months. We did see broader market upsides as the Volatility Index @15 week low while greed continues to dominate buying sentiment. Earnings summary to date, 18% of S&P 500 companies reported with 75% … Read more

Indices Ended Unchanged On Active Wall Street Week – Saturday Short

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MARKETS THIS WEEK April 22nd, 2023 (Vica Partners) Takeaways   Mixed economic releases indicating more recessionary than inflationary Muted performance, S&P 500 -0.09%, Dow -0.36%, Nasdaq -0.30% Sectors, Consumer Staples +1.68%, Real Estate +1.59% outperform/ Communication Services -3.05%, Energy -2.54% lag SPDR S&P Regional Banking ETF ^KRE +1.75% … in the FDIC we trust! YTD … Read more

DOW, S&P500 and Nasdaq Gain as Business activity in April Beats Analysts’ Forecasts

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MARKETS TODAY April 21st, 2023 (Vica Partners) Good Friday! Over the past 5 days DOW, S&P 500 and Nasdaq Composite declined 0.71%, 0.40% and 0.88% respectively. Yesterday, the Cboe Volatility Index rose sharply >4% on recessionary concerns. Consumer Discretionary and Communication Services underperformed as Tesla and AT&T missed on earnings. Jobless claims and new employ … Read more

US Market Slips on Fears of Weakening Economy

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MARKETS TODAY April 20th, 2023 (Vica Partners) Good Thursday! Yesterday, Indices closed broadly lower with Nasdaq and Russell 2000 leading gainers, defensive sector Utilities outperformed. Morgan Stanley (MS), U.S. Bancorp (USB) earning beats boosted the Regional Banking ETF (KRE) up 3.94%. Tech earnings continue to come in soft. Bloomberg Commodity Index, Oil, Bitcoin and Gold … Read more

Stocks Slide as Wall Street Waits for the Fed to Back-Off Interest Rate Hikes

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MARKETS TODAY April 19th, 2023 (Vica Partners) Good Wednesday afternoon! Yesterday, the Cboe Volatility Index declined for a sixth consecutive session, remaining below 17. Bank of America topped earnings expectations while Goldman missed. Indices closed broadly lower. 7 of 11 of the S&P 500 sectors finished higher, Materials outperformed /Health Care lagged. Yields declined with … Read more

Indexes Close Lower, End Week Higher

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MARKETS TODAY April 14th, 2023 (Vica Partners) Good Friday Evening! Yesterday, key Indices closed sharply higher led by Nasdaq and FANG+. 10 of 11 of the S&P 500 sectors were higher, Communication Services and Consumer Discretionary outperform/ Real Estate lagged. Yield mostly rise while Bitcoin and Gold gained. In economic news, headline PPI/ Core PPI … Read more

Stocks Rise as Inflationary Pressure Backs Off in March

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MARKETS TODAY April 13th, 2023 (Vica Partners) Happy Thursday! Yesterday, key Indices closed lower, Nasdaq and FANG+ led decliners w/ the Semiconductor ETF ^SOXX down 1.83%. 6 of 11 of the S&P 500 sectors were higher/ Industrials outperformed, Communication Services lagged. Yields decline across the curve. In economic news, CPI headline inflation for March came … Read more

Dow Breaks Four Day Win Streak on Recession Fears

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MARKETS TODAY April 12th, 2023 (Vica Partners) It’s only Wednesday! Yesterday, Key Indices closed mostly lower, Dow and Russell 2000 finished up for a 2nd consecutive day. 9 of 11 of the S&P 500 sectors were higher/ Materials and Energy, Information Technology lags. The SPDR S&P Banking ETF ^KRE was flat while Bitcoin rallied above … Read more