Low level of profit-taking after 6% gain in 8 sessions is positive on upward trend
The sectors leading the market slightly lower are those cyclical sectors that have moved up most strongly on strength of U.S. economic growth—including the revision of third quarter growth to 5% rate.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Might the Fed say anything today to keep this rally going (maybe) or to cause a reversal (unlikely)?
Recent financial market volatility seems closely connected to shifts in expectations about when the Federal Reserve will start to raise interest rates. With the Fed’s Open Market Committee set to provide a press release at 2 p.m. New York time today—but no press conference—the markets are looking at potential grounds for another shift in sentiment
Stock prices climb but so does the volatility of volatility
As swell as it is to have the U.S. markets moving up again, I think those analysts who have flagged the potential importance of the high volatility of volatility right now deserve attention.
Suddenly everyone wants to buy on the dip again
European stocks rallied on the beginning of asset purchases by the European Central Bank and speculation that the bank would expand its purchases to corporate bonds from the current purchases of covered bonds by December. U.S. stocks are rallying on “good news” that a terrible earnings report and guidance from IBM (IBM) yesterday didn’t tank the market.
Money moves out of U.S. stocks to the sidelines
So where is the cash headed? It’s coming out of U.S. equities right now and moving to the sidelines. That’s only a temporary destination, however.
If it ain’t one thing, it’s another for U.S. stocks today
A little bit of everything has hit U.S. stocks today. A sell off in momentum stocks is leading the market lower again. That seems partly disappointment that good news from Apple (AAPL) didn’t take the S&P 500 through resistance at 1885 yesterday. Part seems to be disappointment at Amazon.com’s earnings. Part seems to be worry over being long equities over a weekend that could see violence in Ukraine.
Momentum is back! Look to earnings from these 3 biotechs to keep it going–or not
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A constructive day–more testing to come, though
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Can stocks hold their modest gains through end of trading today?
So far a combination of better than forecast retail sales for March and buying on the dip after the retreat that marked the second half of last week has pushed U.S. stocks up modestly today. As of 2:15 p.m. New York time the S&P 500 was up 0.63% The NASDAQ Composite, which has led the market down recently, was up 0.48%. Retail sales climbed 1.1% in March
