Tag Archive

[Chart courtesy of MarketWatch.com] Moving the markets The markets went on a roller coaster ride today, ignoring the warnings of Fed Chair Powell and other central bankers who said they would raise interest rates to fight inflation, even if it hurts economic growth. The European markets took the hint and fell sharply, but the US traders shrugged it off and …

[Chart courtesy of MarketWatch.com] Moving the markets Fed chair Powell sounds like a broken record. He keeps saying he won’t cut interest rates anytime soon, no matter how much Wall Street begs and pleads. He has many allies who back him up on this stance. But Wall Street is in denial. They think Powell will cave in and turn soft. …

[Chart courtesy of MarketWatch.com] Moving the markets The bulls were in charge today, lifting the major indexes higher with little resistance from the bears. The Dow finally snapped its losing streak of six days, thanks to a tech rally. A flurry of positive economic data also boosted the market mood, showing signs of strength in the economy, despite the looming …

[Chart courtesy of MarketWatch.com] Moving the markets The bulls are still on vacation as the market continues to drift lower. The major indexes barely moved today but ended up in the red zone again. The Nasdaq suffered the most, as tech stocks lost their mojo. Interestingly, the S&P 500, which had been driven by a handful of big tech names, …