[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 was bored on Monday as investors waited for the Federal Reserve to make up its mind about the interest rates. The S&P 500 and the Nasdaq were both losers for the second week in a row, while the Dow managed to squeeze out a tiny win. Oil prices soared to …
Inflation Who? Market Surges On Strong Retail Sales And Short Squeeze
[Chart courtesy of MarketWatch.com] Moving the markets The market soared today as investors shrugged off inflation fears and snapped up stocks that were heavily shorted. This triggered a powerful short squeeze that boosted our domestic TTI deeper into the green zone. This means we can breathe a sigh of relief and postpone any potential “Sell” for now. The market optimism …
CPI Report Sends Markets On A Roller-Coaster Ride
[Chart courtesy of MarketWatch.com] Moving the markets The markets were like a yo-yo today, as traders freaked out over the latest inflation report. The CPI, or consumer price index, showed that prices of stuff we buy went up more than expected in August. The core CPI, which excludes food and energy (because who needs those, right?), also went up more …
Energy Sector Shines, Rest Of Market Dims As Inflation Looms
[Chart courtesy of MarketWatch.com] Moving the markets Oil prices soared to their highest level in seven years, making everyone wonder if they should invest in electric cars or bicycles. The rising cost of energy spooked the stock market, which fell for the second day in a row. The major indexes dipped below their 50-day moving averages, a sign of weakness …
Tesla And Tech Stocks Soar; Inflation Data Awaits; VIX Set To Spike
[Chart courtesy of MarketWatch.com] Moving the markets The stock market kicked off the week with a bang, as tech stocks bounced back from their recent slump. Tesla was the star of the show, soaring more than 9% after Morgan Stanley gave it a thumbs up and predicted a big rally ahead, thanks to its self-driving software. Maybe Elon Musk can …
Fed Fears And China Ban Spook Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was worried on Thursday as the Fed might raise interest rates again this year. Apple and other tech stocks suffered as China banned iPhones in state firms. Jobless claims were lower than expected, and labor costs were higher, signaling a strong labor market. This, along with rising energy prices, could pressure …