[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s rebound, the markets followed through to the upside this morning, as positive earnings by banking powerhouse Goldman Sachs supported the bullish mood. But as we’ve seen many times in the past, sentiment lost steam, and south we went. Contributing to that sudden sour mood was a report from Apple that it …
CPI Shock: Markets Tank, Crank, And Tank
[Chart courtesy of MarketWatch.com] Moving the markets A hotter-than expected inflation report showed that the CPI rose 9.1% YoY in June, which was higher than May’s 8.6% reading, that had been the biggest increase since 1981. Economists expected an 8.8% print. Even the Core CPI, which excludes food and energy, came in at 5.9% and topped the 5.7% estimate. On …
Stocks Are Dipping—Global Stagflation Is Ripping
[Chart courtesy of MarketWatch.com] Moving the markets After hesitantly spending some time above their respective unchanged lines, bullish momentum, as insignificant as it was, disappeared, and the major indexes staged a turnaround and dumped into the close. It was a lackluster session with the same old standby worry, namely economic growth, as Wall Street braced itself for tomorrows key inflation …
And The Bearish Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the markets With uncertainty about the upcoming earnings season taking center stage, and traders having more questions than answers, the markets simply took the path of least resistance, which was down. The major indexes never saw any green numbers and vacillated below their respective unchanged lines, as the Nasdaq fared the worst by dropping -2.26%. …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets Another wild session had the markets bobbing and weaving, yet the major indexes managed to eke out a small gain. All eyes had been on the release of the Fed’s FOMC minutes from June, which indicated that they had not wavered from their commitment to bring inflation down. The unanswered question was whether …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets The unpredictable and wild market swings continued today, when the major indexes crashed at the opening with the Dow dumping some 700 points. As we’ve seen numerous times in the past, a slow and steady climb ensued pulling stocks out of a deep hole, which helped the S&P end a tad in the …