Tuesday, December 12, 2023

WEEKEND WRAP: Stocks Make Gains

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Friday, December 8, 2023

BLS Says 199,000 Jobs Created in November

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More Layoffs, Fewer Jobs

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Thursday, December 7, 2023

Weak Jobs Data, Tortured Logic

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Tuesday, December 5, 2023

Is the Rally Over? Bitcoin Roars

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WEEKEND WRAP: GOLD! STOCKS! BONDS! BITCOIN!

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Friday, December 1, 2023

Dow Rocks Higher to End November; Gold Price Makes History

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Gold Price May Make History

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Thursday, November 30, 2023

Why Is Everything Going Up?

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Wednesday, November 29, 2023

Global Trends Emerge

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Tuesday, November 28, 2023

WEEKEND WRAP: A Little Tranquility

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Sunday, November 26, 2023

Oops! IRS Does It Again

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Wednesday, November 22, 2023

Rare Losing Session Tuesday for Stocks; Nvidia Earnings Top Estimates; Crude Oil Gains, Sildes

Tuesday's session was up and down, but mostly down, with bulls getting a bit weary chasing high-flying stocks. The S&P closed to the downside for only the third time in the last 17 sessions. During that periodm starting with October 27, the S&P has added 420 points, or roughly 10 percent, an extraordinary return in less than a month. Those who decry market timing haven't enjoyed the unrivaled pleasure of massive short-term gains and likely never will. Tech darling chip-maker, Nvidia (NVDA), released its report for the third quarter after Tuesday's closing bell, smashing estimates by wide margins. Closing at a record high on Monday (504.09), holders of the stock were just a little shy going into earnings, knocking the price back to 499.44 on Tuesday's close. The company, like most of its peers, especially in retail, issued a bit of a clunker when it came to forecasting, citing expected loss of business in China, primarily. That put a little touch of alarm into the post-market party, sending shares down four percent before rebounding back. On Wednesday morning, the stock has returned to positive territory, up about a half percent. Late Tuesday, the oil market was the recipient a reality check via new data showing U.S. crude stocks rose by nearly 9.1 million barrels in the week ended Nov. 17, according to market sources citing American Petroleum Institute figures on Tuesday. WTI crude had rallied to as high as $78 a barrel on Monday, but began giving some of tthose gains back Tuesday. As traders await the determination of OPEC+ ministers from their meeting this Sunday, crude is falling Wednesday morning in a big way, down $2.20 to $75.57, even as rumors swirl about deeper production cuts from the cartel. At issue is demand, which will see a bump over the next few days as Americans take to the highways over the four-day Thanksgiving weekend. Travelers will be treated to the lowest gasoline prices since 2020, More than 65,000 gas stations nationwide are below the $3.00 mark, with 13 states averaging below $3.00 per gallon, according to gasbuddy.com, which has the national average at $3.25. With the last full session before the holiday (Friday is a half day, closing at 1:00 pm ET.) directly ahead, stock futures are solidly higher. Asia was mixed ovenight, as is Europe at midday. Gold, after rising close to $2030 on the COMEX, backed off late Tuesday, but made up some ground Wednesday morning, currently at $2023, with silver also elevated, trading around $24.25 per ounce. Trading is likely to be muted, with many desks unoccupied already, some traders having made their escape to holiday revelry early. Things should slow down considerably after 1:00 pm ET. At the Close, Tuesday, November 21, 2023: Dow: 35,088.29, -62.75 (-0.18%) NASDAQ: 14,199.98, -84.55 (-0.59%) S&P 500: 4,538.19, -9.19 (-0.20%) NYSE Composite: 15,861.57, -20.06 (-0.13%)

Tuesday in Doubt; Dollar Down, Gold, Silver Up

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Monday, November 20, 2023

WEEKEND WRAP: China is #1

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Saturday, November 18, 2023

BJ's Issues Warning Guidance

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Friday, November 17, 2023

Stocks Uncertain and Moody

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Thursday, November 16, 2023

October Retail Sales, PPI, Target Earnings

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Wednesday, November 15, 2023

October CPI Flat; Stocks Bounce

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Monday, November 13, 2023

WEEKEND WRAP: What Inflation?

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Sunday, November 12, 2023

Sobering Look at Markets

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Friday, November 10, 2023

S&P, NASDAQ on Record Winning Streaks

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Wednesday, November 8, 2023

Stocks Rally Longest in Two Years

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Which Way Are We Going?

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Monday, November 6, 2023

WEEKEND WRAP: Stocks Have Best Week in a Year

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Friday, November 3, 2023

BLS October Non-Farm Payrolls: 150,000

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Stocks Gain Globally as Fed Signals

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Thursday, November 2, 2023

US Treasury Needs Less Funding

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Wednesday, November 1, 2023

Stocks Miraculously Rally

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Tuesday, October 31, 2023

WEEKEND WRAP: Stocks Creamed; Treasuries Tamed

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Friday, October 27, 2023

Stocks Suffer Brutal Week

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Collapse of the Tech Bubble

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Thursday, October 26, 2023

Fed Saves Stock Market; Investors Hopeful on Tech

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Tuesday, October 24, 2023

Stocks Set to Rebound

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Monday, October 23, 2023

WEEKEND WRAP: Stocks Rocked (again)

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Sunday, October 22, 2023

Troubling Prospects for US Stocks

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Friday, October 20, 2023

Stocks Remain Under Pressure

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Thursday, October 19, 2023

Bond Yields Rise, Stocks Feel Pain

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Tuesday, October 17, 2023

Bank of America Posts Strong 3rd Quarter

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WEEKEND WRAP: Global Issues Unresolved

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Sunday, October 15, 2023

Big Banks Post Big Earnings

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Friday, October 13, 2023

CPI Higher Than Expected; Walgreens Misses

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Thursday, October 12, 2023

Mistakes Are Beginning to Pile Up

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Wednesday, October 11, 2023

The Fourth Turning Has Arrived with BRICS+, Self-Sufficiency Rising

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Sunday, October 8, 2023

WEEKEND WRAP: Broken Markets, De-Dollarization

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Saturday, October 7, 2023

The Jarring Reality of Global Manufacturing Contraction

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Friday, October 6, 2023

Down 11% in Past Week, Price of Oil Bearish

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Thursday, October 5, 2023

Tuesday's Rout Looks Worse on Heels of Speaker Chaos

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Wednesday, October 4, 2023

Fourth Quarter Begins on Sour Note

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Monday, October 2, 2023

WEEKEND WRAP: Congress Avoids Shutting Down Government

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