Wall St marginally slides Friday as fresh inflation data renew Market fears

MARKETS TODAY Feb 24 (Vica Partners) DOW (^DJI) 32,817 (-337), S&P 500 (^GSPC) 3,970 (-42) Nasdaq (^IXIC) 11,395 (-195), Russell 2000 (^RUT) 1,890 (-18), NYSE FANG+ (^NYFANG) 5,392 (-111), Brent Crude $83.31/barrel (+$1.10), Gold $1,811/oz (-$12), Bitcoin $23.2k (-$744) Session Overview                                                                PCE both headline and core and personal spending were above estimates Indexes fall, Nasdaq, … Read more

Stocks rebound Thursday, earning beats continue to support soft landing even as the Market sets for higher interest rates

MARKETS TODAY Feb 23 (Vica Partners) DOW (^DJI) 33,156 (+111), S&P 500 (^GSPC) 4,012 (+21) Nasdaq (^IXIC) 11,590 (+83), Russell 2000 (^RUT) 1,909 (+14), NYSE FANG+ (^NYFANG) 5,516 (+117), Brent Crude $82.32/barrel (+$1.72), Gold $1,823/oz (-$3), Bitcoin $23.9k (-$241) Session Overview                                                                Initial and continuing claims ahead of estimates US GDP revised down to 2.7% from … Read more

Stocks end mixed Wednesday as Fed meeting minutes today continue to point to the risks of high inflation

MARKETS TODAY Feb 22 (Vica Partners) DOW (^DJI) 33,045 (-85), S&P 500 (^GSPC) 3,991 (-6) Nasdaq (^IXIC) 11,507 (+15), Russell 2000 (^RUT) 1,895 (+15), NYSE FANG+ (^NYFANG) 5,399 (+8), Brent Crude $80.50/barrel (-$2.55), Gold $1,825/oz (-$11), Bitcoin $23.8k (-$644) Session Overview                                                                FOMC minutes late afternoon release created mixed market volatility Indexes mixed, Nasdaq, FANG+ and … Read more

Indexes Fall Tuesday as fear over tight labor market and rising wages continue to drag on the Market

MARKETS TODAY Feb 21 (Vica Partners) DOW (^DJI) 33,130 (-697), S&P 500 (^GSPC) 3,997 (-82) Nasdaq (^IXIC) 11,492 (-295), Russell 2000 (^RUT) 1,890 (-56), NYSE FANG+ (^NYFANG) 5,396 (-141), Brent Crude $82.78/barrel (-$1.29), Gold $1,835/oz (-$7), Bitcoin $23.4k (-$423) Session Overview                                                                Flash PMIs top estimates, services remain strong New orders best since October Fear over … Read more

Looking Ahead: Short Week with economic data, central bank commentary and key earnings

MARKETS TODAY Feb 20 @10:30 am EST (Vica Partners) (^DJI) 33,827 (), S&P 500 (^GSPC) 4,079 () Nasdaq (^IXIC) 11787 (), Russell 2000 (^RUT) 1,946 (+4), NYSE FANG+ (^NYFANG) 5,537 (), Brent Crude $83.99/barrel (+$0.99), Gold $1,843/oz (+$4), Bitcoin $24.9k (+$635) Week Ahead Overview                                                                US Market Closed for President’s Day/ Monday S&P 500 Index ($SPX) … Read more

U.S. defensive stocks up as the Fed’s new message to the Market is higher rates for longer

Index of leading economic indicators was negative past 2 months a strong recession warning signal

MARKETS TODAY Feb 17 (Vica Partners) DOW (^DJI) 33,827 (+130), S&P 500 (^GSPC) 4,079 (-11) Nasdaq (^IXIC) 11787 (-69), Russell 2000 (^RUT) 1,946 (+4), NYSE FANG+ (^NYFANG) 5,537 (-67), Brent Crude $82.98/barrel (-$2.16), Gold $1,842/oz (+$8), Bitcoin $24.7k (+$1,181) Session Overview                                                                Index of leading economic indicators was negative the past two months, recession signal US … Read more

Wall Street ends lower Thursday as producer pricing data came in hotter than expected

US Dollar edges above 50d moving average

MARKETS TODAY Feb 16 (Vica Partners) DOW (^DJI) 33,697 (-432), S&P 500 (^GSPC) 4,090 (-57) Nasdaq (^IXIC) 11,856 (-214), Russell 2000 (^RUT) 1,942 (-19), NYSE FANG+ (^NYFANG) 5,608 (-206), Brent Crude $84.77/barrel (-$0.61), Gold $1,838/oz (+$1), Bitcoin $24.5k (+$155) Session Overview                                                                PPI and Core PPI came in high, jobs claims in line Indexes finish lower, … Read more

Indexes up Wednesday as Nasdaq and Russell 2000 lead, U.S. retail sales biggest gain in two years

U.S. retail sales in January, biggest gain in two years

MARKETS TODAY Feb 15 (Vica Partners) DOW (^DJI) 34,128 (+39), S&P 500 (^GSPC) 4,148 (+11) Nasdaq (^IXIC) 12,170 (+110), Russell 2000 (^RUT) 1,961 (+21), NYSE FANG+ (^NYFANG) 5,813 (+32), Brent Crude $85.29/barrel (-$0.29), Gold $1,838/oz (-$17), Bitcoin $24.1k (+$1883) Session Overview                                                                US retail sales up on big jump in department store spending Manufacturing index came … Read more

Nasdaq and NYFANG+ lead as Dow lags Wednesday, CPI data mostly in line with expectations

MARKETS TODAY Feb 14 (Vica Partners) DOW (^DJI) 34,090 (-156), S&P 500 (^GSPC) 4,136 (-1) Nasdaq (^IXIC) 11,960 (+68), Russell 2000 (^RUT) 1,945 (+4), NYSE FANG+ (^NYFANG) 5,785 (+134), Brent Crude $85.68/barrel (-$0.93), Gold $1,855/oz (+$0), Bitcoin $22.2k (+$367) Session Overview                                                                CPI data mostly in line with expectations, market reaction muted Indexes mixed, Nasdaq and … Read more

Stocks up Monday as economic growth data continues coming in better than expected

MARKETS TODAY Feb 13 (Vica Partners) DOW (^DJI) 34,246 (+376), S&P 500 (^GSPC) 4,137 (+47) Nasdaq (^IXIC) 11,892 (+174), Russell 2000 (^RUT) 1,941 (+22), NYSE FANG+ (^NYFANG) 5,650 (+108), Brent Crude $86.61/barrel (+$0.22), Gold $1,854/oz (-$9), Bitcoin $21.7k (-$77) Session Overview                                                                Indexes up, Nasdaq and NYFANG+ lead Yields, a moderate decline 10 of 11 S&P … Read more