Category Archive

[Chart courtesy of MarketWatch.com] Moving the markets The winning steak continued and was supported by increased hopes that a Russian-Ukraine ceasefire may be on deck, despite the warring parties saying that they are not close to deal. Phrases like “nothing is agreed upon, unless everything is agreed upon,” took the starch out of the early bounce by mid-day, but the …

[Chart courtesy of MarketWatch.com] Moving the markets An early drop in the markets found a bottom and suddenly reversed after the Financial Times posted an article claiming this: Russia is no longer requesting Ukraine be “denazified” and is prepared to let Kyiv join the European Union if it remains militarily non-aligned as part of ongoing ceasefire negotiations. The draft ceasefire …

[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, short-term market direction reversed again with the major indexes recovering just about all of Wednesday’s losses. A drop in jobless claims to the lowest in decades provided the backdrop and gave confidence that the economic recovery remains on track, despite much evidence to the contrary.   Hope that a ceasefire …

[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rebound ran into a brick wall this morning with the major indexes getting stuck below their respective unchanged lines throughout the session. The usual afternoon ramp-a-thon was conspicuously absent leaving stocks no choice but to drop into a sinkhole. For sure, the path of least resistance was down, with not only a …

[Chart courtesy of MarketWatch.com] Moving the markets Traders and investors alike tried to digest Fed head Powell’s comments that interest rates may be hiked with twice the magnitude (50 bps) as had been assumed (25 bps) due to inflation “being much too high.” Despite that hawkishness, the markets are considering Powell’s current and future planned increases as a policy error, …