Tag: Inflation
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But Wait, There’s More!
There’s more, S&P 500 earnings estimates are picking up and exceed 10%. Despite continued recession stories from the MSM who continue to push the inflation narrative. Neither is supported by the incoming data. MSM true to form, never let the facts get in the way of a good narrative.
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Liberation Day
The Capital Markets drifted into Friday, posting large declines. Finishing the week in the red. Before Liberation Day. Erasing much of post correction gains. Since Monday the S&P 500 is down 87 points or 1.54%, the NASDAQ lost 461 points or 2.59% while the DOW slipped 401 points or .96%.
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Tariff Tantrum Over?
A 4-week tariff tantrum that sent the major averages into correction territory. The markets oversold conditions led them into the close with small gains. Since Monday the S&P 500 is up 29 points or .52%, The NASDAQ added 30 points or .17% while the DOW gained 497 points or 1.2%.
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Correction Territory
Another brutal week for stocks, Sent the major averages into official correction territory with declines exceeding 10% on Thursday. Bloomberg noted that this was the 7th fastest trip for the markets into correction territory. Taking just 16 market sessions to exceed 10% losses.
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The Rapid Pace Of Change
Caught up to the markets this week. As they closed with significant losses unable to cope with the pace of change. Since Tuesday the S&P 500 fell 101 points or 1.65%, the NASDAQ slipped 503 points or 2.51% while the DOW gave up 1,143 points or 2.57%.
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The Speed Of Chaos
With the Trump administration continuing to move at the speed of chaos, disrupting everything in its path. I begin to wonder about terminal velocity. Tariff induced trade wars come and go in the blink of an eye. The lamestream media begs for a day off because they can’t keep up.
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Life’s Full Of Surprises
This week was full of surprises. Trump’s announcement today of 25% tariffs on Mexico and Canada spooked the markets. Sending them into the close mixed. Since Monday the S&P 500 lost 60 points or .98%, the NASDAQ slipped 327 points or 1.64%, while the DOW gained 121 points or .27%.
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The Market Giveth
The market taketh away. For the week the Dow lost 544 points or 1.24%, the NASDAQ fell 607 points or 3.15% while the S&P 500 lost 125 points or 2.08%. In the post-election period, the market giveth to cryptos with Bitcoin posting solid gains. The market taketh away from gold as it is considerably off…
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Another Strong Week
The major averages finished another strong week as earnings season gets underway. The S&P 500 gained 64 points or 1.1%, the NASDAQ increased 205 points or 1.1% while the DOW added 511 points or 1.2% despite a volatile beginning. Elon Musk’s Cybercab and Robovan event failed to materially impress investors. Leading to sharp declines in…
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That Soft Landing
The major averages ended the week essentially unchanged, despite several significant events. (Fill in the blank) won Tuesday’s Vice-Presidential debate. Friday’s employment report exceeded expectations, effectively eliminating the possibility of another ½% rate cut next month. Therefore, we might just achieve that soft landing. Despite all the recession talk and pessimism this year, the S&P…