[Chart courtesy of MarketWatch.com] Treasury yields finally took a breather after their recent sprint to multiyear highs, and stocks were happy to take the invitation, with the S&P 500, Nasdaq, and Dow all snapping their three-day losing streaks. The bigger story hasn’t changed, though. Oil remains parked around the $90-mark, geopolitical tensions are keeping energy traders on edge, and the …
September Starts With A Hangover: Stocks, Gold, And Bitcoin All Slip
[Chart courtesy of MarketWatch.com] September got off to a rough start, with inflation concerns and a 6% jump in oil prices pushing bond yields higher around the world and putting pressure on nearly every asset class. The rising rate backdrop weighed heavily on tech, with names like Nvidia, AMD, Microsoft, and Alphabet leading the retreat. What really mattered today was …
Geopolitics Trips Up Stocks As Gold, Silver, And Bitcoin Shine
[Chart courtesy of MarketWatch.com] The market spent the final trading day of August looking over its shoulder as renewed hostilities between the U.S. and Iran rattled investors. Stocks moved lower, oil jumped about 3%, and rising long-term Treasury yields added another headwind for equities. Sometimes the market worries about one thing at a time. Today it generously chose two. That …
A WINNING WEEK WITH A HAWKISH TWIST: MARKETS DIGEST WARSH’S MESSAGE
[Chart courtesy of MarketWatch.com] Stocks started the day with a spring in their step but lost a little steam as traders digested Fed Chair Kevin Warsh’s Jackson Hole remarks. The key takeaway? Inflation may be behaving better lately, but the Fed isn’t ready to declare victory just yet. That recalibrated expectations in a hurry. Odds of a September rate hike …
Markets Cheer Nvidia’s Earnings, Then Look To The Fed
[Chart courtesy of MarketWatch.com] Today’s rally had a very familiar driver: Nvidia. The chip giant delivered another earnings beat, and investors responded by sending the Nasdaq higher while the rest of the market mostly stood around checking its watch. Nvidia surged 9% after topping expectations and projecting powerful revenue growth, with forecasts now pointing to roughly 70% growth by fiscal …
Inflation Stays Sticky, Markets Stay Sleepy: Can Nvidia Change The Mood?
[Chart courtesy of MarketWatch.com] The market spent most of today standing around the coffee machine waiting for something interesting to happen. July’s PCE inflation report came in a touch hotter than expected, reminding investors that inflation still hasn’t fully gotten the memo. Even so, the S&P 500 barely budged as traders chose to keep their powder dry. What mattered more …