Stocks Increase on Strong Earnings and Reduced Infections
Stocks ended the week with modest gains in most indices as traders wait to see progress on additional stimulus. Helping the markets were Q4 earnings continuing to come in with year over year growth. Also, reductions in infections and limited re-openings in parts of the country helped support the markets. The global semiconductor shortage continues […]
Tulips Anyone?
Stocks gained for the month of January but the week ended with substantial declines in major indices. While we’ve always maintained that stocks can correct at any time for any reason but the reasons for this week’s selloff caught many as bizarre and unexpected. More on that later. Our take is that the fundamentals of […]
This Thanksgiving Week Not a Turkey For the Markets
This Thanksgiving week ended up not being a turkey as stock indices closed substantially higher with the small company Russell 2000 outperforming on vaccine hopes. Treasury yields fell with the 30-year bond yield at 1.576% and the 10-Year note at 0.846%. Crude oil rose to $45.52 a barrel and natural gas rose to $2.851 per […]
Two Vaccines but Markets Mixed
Stock Indices ended the week mixed with the Dow and the S&P500 down but the Nasdaq up slightly and larger gains in the Russell 2000 and international indices. We now have 2 vaccines at or near application for emergency authorization with phase 3 trials showing high effectiveness and safe. However, it will be months before […]
Stocks Rebound on Better Economic Data
Stocks ended the week substantially higher on better economic news despite an increase in U.S. Covid cases and additional state restrictions. Stocks rallied on Monday after the National Association of Realtors reported a sharp increase in pending home sales. Stocks had modest gains on Tuesday to finish the month, the quarter and the first half […]
