[Chart courtesy of MarketWatch.com] The much-anticipated Consumer Price Index (CPI) report confirmed to me that the Federal Reserve’s decision to delay rate cuts was an acknowledgment that inflation remains a persistent issue. In January, the CPI rose by 0.5% for the month, pushing the annual inflation rate to 3%, surpassing expectations of 0.3% and 2.9%, respectively. The core CPI, which …
Gold Hits Record High, Markets Brace For Inflation Reports
[Chart courtesy of MarketWatch.com] This morning, equities went through a moderate retreat as traders absorbed comments from Federal Reserve Chairman Powell. He stated that “interest rates do not need to move quickly to ease monetary policy,” explaining that the Fed’s policy is now significantly less restrictive, reducing the urgency for adjustments. Powell also described the economy as “strong overall” with …
Traders Eye Key Economic Data As Major Indexes Reverse Course And Gold Shines
[Chart courtesy of MarketWatch.com] After ending last week on a negative note, the major indexes reversed course this morning, with the Nasdaq leading a broad rally while the Dow lagged. Despite this positive start, traders remain uncertain about inflation and the potential economic impact of Trump’s newly announced blanket 25% tariff on all steel and aluminum imports, which took effect …
Markets Defy Expectations: S&P 500 And Nasdaq Close Green Amid Volatility
[Chart courtesy of MarketWatch.com] The financial markets showed a mixed performance as major indexes struggled to find direction following two consecutive positive sessions. Traders carefully evaluated the latest earnings reports, leading to a period of volatility and heightened anxiety. Despite bearish pressure, the S&P 500 and Nasdaq managed to close in positive territory, defying expectations set by the advance/decline ratio. …
Commodities Confusion: Gold Surges, Oil And Bond Yields Decline
[Chart courtesy of MarketWatch.com] Mixed quarterly results from Alphabet and chipmaker AMD (-6%) negatively impacted the S&P 500 and Nasdaq, causing both indices to dip below their respective unchanged lines. However, by the end of the session, both managed to recover and close with moderate gains, marking a “dump and pump” kind of day. Alphabet shares fell by 8% after …
Gold And Meta Set New Records Amid Market Gains
[Chart courtesy of MarketWatch.com] Following yesterday’s pullback, the major indexes regained some stability and edged higher after the market opened. The Nasdaq led the rebound, while the Dow lagged, but all three indexes managed to close in the green. China’s latest tariff response included imposing 15% duties on U.S. imports of coal and liquefied natural gas, and 10% on crude …