Stocks Continue to Gain on Signs of Slowing Inflation
Major stock indices ended the week higher with a substantial gain in the Dow Jones 30 Industrials. Keep in mind that the Dow only contains 30 stocks so sharp gains in one or two stocks can have a dramatic effect in the index. Stocks rallied as there were ongoing signs of slowing inflation. OPEC+ met […]
Stocks Post Modest Gains In Holiday Shortened Week
Major stock indices posted modest gains in this holiday shortened week. The Federal Reserve released the minutes of its November meeting and, while noting that inflation is trending lower, did not rule out further rate increases and did not discuss rate cuts. Some economic numbers indicate a slowing economy, which can reduce inflationary pressures, while […]
Stocks Continue to Move Higher on Bets that the FED Is Done Hiking
Major stock indices moved higher again this week as traders become more confident that the FED will no longer need to hike rates. While the headline consumer price index was unchanged in October, this was mainly due to a 2.5% drop in energy prices. The consumer price index and the producer price index from a […]
U.S. Stocks End the Week Higher As Traders Bet on the Future of FED Rate Hikes
Major U.S. stock indices rose this week while developed international and emerging markets fell. The markets continued to gain through Wednesday anticipating that we have seen the last of rate increases for this cycle. However, the markets sold off following Fed Chair Powell’s comments Thursday indicating that there may be more tightening ahead. Despite this, […]
Stocks Stage a Sharp Reversal This Week After a Three Month Swoon
Despite a rally on Monday and Tuesday, stocks ended October lower for the third month in a row. The Federal Reserve met and chose to leave short term rates unchanged but left the door open to additional rate increases. The 10-year treasury bond yield had risen nearly a percentage point on Wednesday, since the prior […]
