Stay Informed and Stay Ahead: Report Series, June 7th, 2024 U.S. Economic Reports Series: Jobs Employment Report Key Highlights Job Growth Exceeds Expectations: Employers added 272,000 jobs, surpassing the forecast of 182,000. Unemployment Rate Rises: Unemployment increased to 4%, the highest in over two years. Market Reaction: S&P 500 futures initially dropped but rebounded as … Read more
Stay Informed and Stay Ahead: Market Watch, May 31st, 2024. Late-Week Wall Street Market Digest Three Key Takeaways + DJIA and S&P 500 rose; NASDAQ fell. Sectors: Energy led, Information Technology lagged. + PCE index remained stable, while Core PCE decreased slightly with inflation continuing to cool, supporting Q3 rate cuts. + NASDAQ shows mixed … Read more
Stay Informed and Stay Ahead: Market Watch, May 24th, 2024. Wall Street, Late-Week Market Recap Edition Market Highlights & Analysis: Indices, Sectors, and More… Economic Data: Goods orders rise, May sentiment beats forecasts. Market Indices: DJIA up 0.01%, S&P 500 up 0.70%, Nasdaq up 1.10%. Sector Performance: 10/11 sectors up; Communication Services lead, Energy, … Read more
Stay Informed and Stay Ahead: Options Watch, May 13th, 2024. NASDAQ-100 & SQQQ: Insights, Volatility, Economic Data The NASDAQ-100 Index: Comprising 100 major companies from diverse sectors such as technology, retail, and biotechnology. SQQQ’s Market Timing: Reflecting broader market trends, SQQQ (ProShares UltraPro Short QQQ) offers insight into overall market sentiment despite being primarily focused … Read more
Stay Informed and Stay Ahead: Market Watch, May 10th, 2024. Wall Street Late Week Market Recap Edition Market Highlights & Analysis: Indices, Sectors, and More… Economic Data: Prelim May Consumer Sentiment took a notable dip, falling to 67.4 from the prior 77.2. This decline can largely be attributed to the rise in Initial Jobless Claims … Read more
Stay Informed and Stay Ahead: Market Watch, May 6th, 2024. Wall Street Early Week Market Recap Edition Market Highlights & Analysis: Indices, Sectors, and More… Economic Data: Senior Loan Officer Opinion Survey (SLOOS) highlighted tightening standards and weaker loan demand across various loan types. Market Indices: DJIA (+0.46%), S&P 500 (+1.03%), Nasdaq Composite (+1.19%). Sector … Read more
Stay Informed and Stay Ahead: Market Watch, April 26th, 2024. Wall Street Week Economic Report Recap The latest data on inflation from the Federal Reserve indicates that controlling price growth continues to prove more challenging if they continue to remain focused primarily on a 2% inflation target. In March, the personal-consumption expenditures price index revealed … Read more
Stay Ahead, Market Insights April 11th, 2024. In March 2024, inflation rose to 3.5%, up from February’s 3.2%, signaling sustained economic stability and delaying expected interest rate cuts by the Federal Reserve. Energy and housing costs played significant roles, potentially impacting the upcoming November elections. Despite policymakers’ efforts, challenges persist in managing inflation’s effects, as … Read more
Stay Informed and Stay Ahead: Market Watch, April 9th, 2024. Wall Street Early Week Edition Market Highlights & Analysis: Indices, Sectors, and More… Economic Data: NFIB optimism index down from last month. Market Indices: DJIA (-0.02%), S&P 500 (+0.14%), Nasdaq Composite (+0.32%). Sector Performance: 9 of 11 sectors higher; Real Estate (+1.291%) leading, Financials (-0.50%) … Read more
TECHNICAL ANALYSIS (by Intraday Dynamics) What Is an Island Reversal? S&P 500 Index Hourly HLC The S&P 500 gapped into lower trade on Tuesday and the cash index now has a large 7-day, island top on the hourly chart. (The daily SPY shows the same large island.) The hourly reached oversold conditions in Tuesday’s trade. … Read more