[Chart courtesy of MarketWatch.com] U.S. stocks wandered around like lost sheep today, apparently unfazed by Moody’s Investors Service cutting its U.S. credit rating outlook to negative from stable on Friday. The downgrade reflects the U.S.′ “very large” fiscal deficits and the political deadlock in Washington that prevents any meaningful action. The ratings agency still gave America an AAA rating, the …
S&P 500 Sneaks A Win, Small Caps Slump, Buffett Hoards Cash
[Chart courtesy of MarketWatch.com] The S&P 500 had a roller-coaster ride on Wednesday, as it barely kept its winning streak alive for the eighth day in a row. That’s the longest run since 2021. But Small Caps got hammered again, as they lagged the big boys. It seems that traders are betting on the Fed to take a break from …
Stocks Rally Again, But Is It A Fluke Or A Trend?
[Chart courtesy of MarketWatch.com] Stocks were snoozing early on, as traders took a nap after a wild rally on Wall Street to kick off November, but a sudden burst of energy pushed the major indexes back into the green. Tech stocks rose as yields retreated, with the yield on the 10-year Treasury note dropping about 7.5 basis points to 4.575%. …
Wall Street’s Rally Stalls As Fed Chair Powell Looms Large
[Chart courtesy of MarketWatch.com] The S&P 500 wandered around like a lost sheep on Monday, as Wall Street tried to keep up the good vibes from last week’s stellar performance. In the end, after a tiny surge, nothing much changed. Just to refresh your memory, all the major indexes had their best week of the year, starting November with a …
Stock Market Bulls Ignore Fed’s Warning And Keep Charging Ahead
[Chart courtesy of MarketWatch.com] The stock market bulls were in full force today, as they shrugged off the Fed’s hawkish hints and drove the indexes higher for the fourth day in a row. They were betting that the central bank had finished raising interest rates for 2023, after seeing some signs of easing inflation in the latest data. The rally …
Fed Stays Put, Market Cheers: But How Long Can Stocks Ignore Reality?
[Chart courtesy of MarketWatch.com] Stocks rallied on Wednesday, bouncing back from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time. This led traders and algorithms to believe that the central bank would stay put for the rest of the year. The Treasury detailed plans of the size of its future bond …