The Outlook Wednesday was the best day for stocks since Nov 6. This ends the down cycle stocks have been in since the Fed cut interest rates on Dec 18 in what was a hawkish news conference. The Fed told investors the number of rate cuts in 2025 would be fewer than expected as inflation appeared "stickier" than expected. Whether this rally can...
The Outlook I had expected Tuesday to be less volatile than Monday but that was not the case. Today everything hinges on bank earnings and to a lesser extent the CPI numbers. Bank earnings need to exceed expectations and forward guidance needs to be solid. Any misses will see those bank stocks tumble but the overall sector may have trouble...
The Outlook Today we get the latest PPI reports. As long as the reports come in as estimated, stocks should remain steady. If the reports show higher PPI numbers we could see stocks slip. However with Bank earnings starting tomorrow, I expect stocks to be more stable and possibly even see the index close higher. First Five Days of January - Ended...
The Outlook This is an important week for stocks with indexes sitting at the most recent market lows from mid-December. Trading volume was lower on Friday which might be advising that selling is slowing. However is could easily have just been a lull in the current sell-off. Remember, if the current level breaks, the next stop could be around 5780...
The Outlook Wednesday saw another day of pressure on stocks and the index did fall below 5900 but closed above this important support level. Everything on Friday to start the day will depend on the December jobs numbers. Analysts are expected a large drop to 155,000 jobs versus 227,000 jobs prior. Analysts though have been wrong by a wide margin...
The Outlook The decline on Tuesday was sparked by rising bond yields which are reaching levels that often compete with stocks. The 30 year bond for example, is nearing 5%. For many pension funds, this becomes an attractive alternative. However as explained in the stock market outlook for today, the index since the Nov 5 elections has actually...