RoboStreet – February 25, 2021  Sector Rotation Spurs Market Volatility There are a number of fluid dynamics simultaneously occurring that are raising the level of volatility within the market. The Atlanta Fed has raised their GDP forecast for the first quarter to 9.5% from 4.5%. WTI crude prices are trading above $63/bbl. Copper and industrial […]

On the second day of Fed Chair Jerome Powell’s testimony, major U.S. indices impressively booked gains with the Dow Jones nearing 32,000 record territory. Powell’s dovish sentiment eased market concern, erasing early week losses as uncertainty regarding economic stability loomed over the market. The Fed Chair indicated bond yields were rising at a proper rate […]

Following a mixed performance last week, U.S. benchmarks started the week similarly with the Dow nearing record territory and closing in the green while the S&P and Nasdaq finished in the red. Long-term U.S. Treasury yields rose as the latest stimulus package works its way through Congress. Earnings season remains in focus this week with […]

RoboStreet – February 18, 2021 The Pause That Refreshes Higher than forecasted inflation data and solidly higher-than-expected January retail sales lifted Treasury yields on the long end of the curve to multi-month highs, raising concerns of an increasing rate of inflation that could risk the Fed having to taper QE.  This week’s FOMC policy statement […]

Midway through the shortened trade week, U.S. stocks closed lower as additional earnings and the minutes from the latest Federal Open Market Committee were released. While the Dow, which finished in record territory Tuesday, ended up slightly higher today, both the S&P and Nasdaq closed in the red. The Fed released minutes from their January […]

RoboStreet – February 11, 2021  The Reflation Trade Is Hot And Heavy There are many ways to describe the notion of the “reflation trade” as it encompasses so many factors as to an economic recovery. In short, I like to think of it as a combination of interest rates ticking higher, commodity prices increasing across […]

U.S. Markets finished with mixed results on Wednesday as comments from Fed Chair Jerome Powell shed light on the labor market recovery while easing inflation concerns. Likewise, the latest monthly inflation report offered promising data which, alongside strong earnings, boosted U.S. benchmarks to start the trading session. Twitter released earnings after market close on Tuesday […]

After one of the strongest weeks in recent memory, U.S. markets reached intraday records to open the second week of February. U.S. benchmarks saw impressive gains as all three major U.S. indices closed in the green behind strong earnings, improving COVID data, and optimism regarding the upcoming virus relief aid. Reports from D.C. show that […]

Positive unemployment data and strong corporate earnings are helping U.S. benchmarks reach record territory, with its fourth straight session of gains. The Dow, Nasdaq, S&P, and Russell all booked over 1% gains largely behind the promising economic reports as well as the anticipation of another stimulus package. While the official January unemployment report is due […]

RoboStreet – February 4, 2021 Buy The Dip Crowd Shows Up In Force In a normal market, extended rallies are historically reliable to deliver a garden variety correction of 10% every few months, depending on the recent advance. Going back to the beginning of last November, the SPY has rallied just over 20% with the […]