Stocks Sell Off As Strong Economic Data Delays Next Expected FED Rate Cut
Major stock indices ended the week lower on strong economic data and bets that the FED could delay any further rate cuts until October. Bonds also sold off as yields rose with the 30-year treasury hitting 5% intraday on Friday. Strong services purchasing manager’s indices and stronger than expected job gains and pay increases delayed […]
Stocks End the Holiday Shortened Week Lower
Major stock indices ended the holiday shortened week mostly lower, despite gains on Friday. The Russell 2000 small cap index was the best performing major index at nearly unchanged. The biggest decline was in the Nasdaq 100. Treasury bond yields were mixed with the 30-year bond yield at 4.800% and the 10-Year note at 4.581%. […]
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 […]
