Remember way back at the beginning of last week? That is before the Federal Reserve signaled on Wednesday that more of the members of its Open Market Committee were thinking about raising interest rates sooner than previously expected. Re-opening stocks, value stocks, and cyclical stocks led the market. The small cap Russell 2000 was the best performing of the major indexes. Well, they’re back
On Friday, May 14, stocks continued their bounce from the drop in the early part of the week. The Standard & Poor’s 500, for example, gained 1.49% on the day. The technology heavy NASDAq Composite climbed 2.32%. The BIG TECH heavy NASDAQ 100 gained 2.17%. The small cap Russell 2000 picked up 2.47%. Tech stocks rebounded strongly with Apple (AAPL) up 1.98% on the day; Amazon (AMZN) ahead 1.94%; Microsoft (MSFT) higher by 2.11%; and Alphabet (GOOG) gaining 2.40%. But tech stocks weren’t the biggest winners.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twenty-third YouTube video “Five Stocks for an Inflation Scare” went up today.
As the numbers on shopping over the Thanksgiving weekend get more concrete, the picture gets a little darker. Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago.
In person visits to physical stores in the United States fell by 52% on Black Friday compared to a year ago, according to preliminary data from Sensormatic Solutions. That follows on a 95% plunge in foot traffic to stores from a year ago on Thanksgiving Day  as many retailers chose to close that day.
On the other hand, sales at online retailers grew on Thanksgiving Day, climbing to $5.1 billion from $4.2 billion in 2019, according to preliminary data
Results from Wal-Mart, Home Depot and The TJX Companies were strong enough to dispel fears of a retail meltdown. But not enough to remove worries over softness
