Stocks End the Holiday Shortened Week Mixed
Despite a sharp selloff on Friday, major stock indices ended the holiday shortened week mixed. The best performing stocks developed international, with modest gains, and a slight decline in the Russell 2000 small cap index. Treasury bond yields rose with the 30-year bond yield at 4.790% and the 10-Year note at 4.598%. Freddie Mac reported […]
Stocks End the Week Substantially Lower on Fed Direction and Possible Government Shutdown
Stocks sold off sharply on Wednesday after the FED’s rate cut and Chairman Powell’s statement that progress on inflation must continue for further FED rate cuts. Also, the FED predicted only two rate cuts next year, down from the previous prediction of four. Long term bond yields rose, steepening the yield curve and the U.S. […]
Stocks End the Week Mixed as Traders Look to FED Meeting this Week
Stocks ended the week mixed with the best performance in the emerging markets and the biggest decline in the Russell 2000 small cap index. The consumer price index reported a 3.3% from a year ago, clearly above the FED’s target of 2.0%. Producer prices have risen 3.5% from a year ago. While progress on […]
Stocks End the Week Mixed on Upbeat Economic Data
Major stock indices ended the week mixed with a substantial gain in the Nasdaq 100 index and a decline in the Dow Jones 30 Industrials and the Russell 2000 small cap index. Economic data was mostly positive except for the sharp increase in revolving credit. Treasury bond yields fell with the 30-year bond yield at […]
Stocks End the Holiday Shortened Week Mixed
A pickup in the FED’s preferred measure of inflation, prompted a selloff on Wednesday but major stock indices ended mostly higher for this holiday shortened week. The Federal Reserve released minutes of their November meeting where Fed members discussed slowing or pausing rate hikes unless inflation continues to fall. Treasury bond yields fell with the […]
