MARKETS TODAY March 23rd, 2023 (Vica Partners) Good Afternoon, Yesterday, the US equity markets sold off sharply late in the trading session, during following Fed Chair Powell’s press conference (as he did not discuss ’23 rate cuts?). Following his speech, Treasury Secretary Yellen’s press release that the administration was not considering expanding the FDIC’s insurance … Read more
TECHNICAL ANALYSIS Stocks traded a volatile week amidst continuing bank crisis talk coupled with Fed worries about overly aggressive rate hikes leading to the liquidity crunch. The news has created a flight to quality with some large rallies in both the bond and gold markets last week. The DJIA settled down -0.14% in the middle … Read more
MARKETS TODAY March 6 (Vica Partners Overview Through the first week of March the three major US indexes finished with gains on average of 2%, boosted by strong business/ services activity. Over the weekend global markets reacted positively as China set a 5% yearly GDP target. The Fed Team reiterated it’s 2% inflation target and … Read more
MARKETS TODAY Feb 28 (Vica Partners) Session Overview Economic data mostly soft and better than expected Indexes fall as they give back early session gains, Dow leads decliners Yields rise 9 of 11 S&P sectors lower: Utilities and Energy underperformed/ Materials and Financials outperformed Target (TGT), Bayer AG PK (BAYRY), AutoZone (AZO) with solid earning … Read more
MARKETS TODAY Jan 31 (Vica Partners) DOW (^DJI) 34,086 (+369), S&P 500 (^GSPC) 4,077 (+59), Nasdaq (^IXIC) 11,585 (+191), Russell 2000 (^RUT) 1,932 (+46), NYSE FANG+ (^NYFANG) 5,281 (+107), Brent Crude $84.49/barrel (-$0.41), Gold $1,927/oz (+$5), Bitcoin $23.1k (-$36) Session Overview The employment cost index, a metric the Federal Reserve watches closely for inflation had … Read more
MARKETS TODAY Jan 25 (Vica Partners) DOW (^DJI) 33,744 (+10), S&P 500 (^GSPC) 4,016 (-1), Nasdaq (^IXIC) 11,313 (-21), Russell 2000 (^RUT) 1,888 (+3), NYSE FANG+ (^NYFANG) 5,055 (-22), Brent Crude $86.41/barrel (+$0.28), Gold $1,946/oz (+$9), Bitcoin $23.0k (+$403) Session Overview Microsoft slower growth warning weighed on the markets, especially tech DOW ends higher, S&P … Read more
MARKETS TODAY Jan 6 (Vica Partners) DOW (^DJI) 33,631 (+701), S&P 500 (^GSPC) 3,958 (+87), Nasdaq (^IXIC) 10,569 (+264), Russell 2000 (^RUT) 1,793 (+40), NYSE FANG+ (^NYFANG) 4,402 (+108), Brent Crude $78.57/barrel (-$0.12), Gold $1,866/oz (+$33), Bitcoin 16.9k (+$93) Session Overview The Dow Jones Industrial Average ended 700 points higher today, rallying by 2.13% to … Read more
MARKETS TODAY Dec 28 (Vica Partners) DOW (^DJI) 32,876 (-366), S&P 500 (^GSPC) 3,7836 (-46), Nasdaq (^IXIC) 10,213 (-140), Russell 2000 (^RUT) 1,722 (-27), NYSE FANG+ (^NYFANG) 4,274 (-42), Brent Crude $83.26/barrel (-$1.07), Gold $1,805/oz (-$7), Bitcoin 16.5k (-162) Session Overview The Dow Jones Industrial Average fell 1.10% today, to close at 32,875.71 on thin … Read more
MARKETS TODAY Oct 26 (Vica Partners) – The S&P 500 down 0.21% as of 1.20 p.m. Eastern. The Dow Jones Industrial Average up 125 points, or 0.39%, to 31,962. The tech based Nasdaq down 1.35%. Stock indexes mixed in mid-day trading session, the 10-year Treasury flat with a yield at 4.007%. U.S. Dollar Index (DXY) … Read more
MARKETS TODAY Oct 25 (Vica Partners) – The S&P 500 up 1.34% as of 2.50 p.m. Eastern. The Dow Jones Industrial Average up 280 points, or 0.88%, to 31,779. The tech based Nasdaq up 1.92%. Stock indexes all up today in the trading session, the 10-year Treasury down with a yield at 4.106%. U.S. Dollar … Read more