Wednesday recap
An inflation print at the highest level in almost 40 years wasn’t enough to chase away equity investors.
Read MoreAn inflation print at the highest level in almost 40 years wasn’t enough to chase away equity investors.
Read MoreThe inflation data out this morning was close to estimates, with the headline number y/y rising to the highest level since June 1982 and the core reading at the…
Read MoreThe percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages turned higher with yesterday’s 0.92% gain in the SPX.
Read MoreS&P equity futures remain above Tuesday's close amidst widespread gains in Europe and Asia overnight.
Read MoreSimilar to yesterday’s trading, stocks sold off on the open (although much less pronounced), put in their lows by mid-morning, and closed at session highs.
Read MoreI have no idea what is going to happen today at the Senate confirmation hearing for Jerome Powell. He is going to talk tough on inflation and suggest higher…
Read MoreWell...It is expected to be minus 35 degrees F here in the Adirondacks this am...brrrrrrrr. S&P equity futures are trading above Monday's close. Asian markets were mostly lower overnight…
Read MoreThe percentage of S&P 500 Index (SPX) stocks trading above the 10 & 50-day moving averages dropped deeper into neutral territory with yesterday’s 6-point decline in the SPX.
Read MoreMonday started out with a broad-based selloff, sending all four major indices lower.
Read More