Weekly Market Update
Previous Market Updates
The market has been consolidating above support. The SPX looks to close down less than 1% on the week. With interest rates creeping back up we will see what the market is made of in the weeks ahead. We have the CPI (inflation) report next Wednesday and that should give us further details on what ...
Another new all-time high this week off the Fed decision. The SPX looks to close up over 2% on the week. What a run! We are approaching the end of the quarter next week. I would expect us to grind higher through next week than we will see. Often times the market rallies or drops ...
The SPX is hovering near our long-standing 5200ish target, but initial signs of a top are in place. The SPX looks to close flat to down this week. We have arrived in the zone I postulated about for almost a year, and we are stalling. The reversal in NVDA this week has caused the NASDAQ ...
New all-time highs in the NYSE, SPX and NASDAQ this week but not the DOW. It looks like we are in a “blow-off” type move higher. With every passing day I am getting more and more confident we are in or entering the “blow-off” stage of this bull market. I expect that this stage can ...
No Webcast this Week The markets took advantage of the extra day this month and finished green. This was the first time the S&P 500 finished positive on leap day since 2000. Dating back to 1928 the market has been positive only 35% of the time and has an average negative return. Somehow we are ...
New all-time highs in the DOW and SPX this week. This week the NYSE also joined the new all-time highs. The SPX looks to close up close to 2% on the week. While we have the “safer” or “broader” market hitting new all-time highs, the small caps, the transports, the NASDAQ composite and Bitcoin have ...
No Webcast this week As of writing this the S&P 500 is now up 15 out of the past 16 weeks and despite some warning signs under the surface it continues to march higher. Markets started the week with a sharp selloff as headline inflation came in above 3%. This caused concern in the markets ...
Party on! SPX hits the 5000 milestone this week. The SPX looks to close up about 1% on the week. The market continues to grind higher but the concerns from last week still persist. We still do not have confirmation from the aggressive indexes as the SPX hits new highs. The Fear & Greed index ...
New all-time highs heading into the weekend! But we are running on fumes…The SPX looks to close up around 1.25% on the week. There was a lot of information that the market had to absorb this week. At the Fed meeting, Powell said that we would not see a rate cut in March. Duh. Inflation ...