RoboStreet – June 30, 2022  Inflation Pushes Down Consumer Spending  It finally came to where the mighty consumer-driven U.S. economy had to square with persistently high inflation, and it showed up in the May data. Household spending declined to just a 0.2% for the month and down from 0.6% in April. The combination of high […]

U.S. equities were mixed on Wednesday as inflation worries persisted to influence investor sentiments. All three major U.S. indices traded in the green today, though off earlier highs, as comments from the central bank provided some concern regarding high inflation. At the close, the Nasdaq and S&P finished in the red while the Dow Jones […]

After losing their opening gains, all three major U.S. indices closed in the red today, with the Nasdaq leading the way- down 0.93%. Last week, U.S. indices were able to snap a multi-week losing streak and book solid gains. Early gains began to drop as data revealed that US durable-goods orders increased by 0.7% in […]

RoboStreet – June 23, 2022 The Rolling Correction Hits Commodities  With every major market correction, there is rarely a time in history where each sector of the market didn’t go through its own specific bout of heavy selling. After outperforming year-to-date, energy and agriculture stocks are getting trounced, pulling back 20%+ in the span of […]

RoboStreet – June 16, 2022 Managing Money In A Protracted Downtrend  The big story this week has been the Federal Reserve’s abrupt shift in monetary policy, opting to increase the Fed Funds rate by 75 basis points on Wednesday accompanied by a statement they could likely raise it by another 75 basis points at the […]

Following a five-day losing streak, the Dow and S&P 500 rise following the largest interest rate increase since 1994. The Nasdaq also finished higher, booking the biggest gain of all three major U.S. indices at 2.5%. The Federal Reserve’s latest outlook has changed slightly, with the rate they expect to reach by the end of […]

Recession concerns continue to mount as the Dow dropped nearly 800 points and the S&P 500 approached bear market territory. All three major U.S. indices closed in the red following last week’s disappointing CPI data. The key inflation indicator, the consumer-price index, hit a 40-year high at 8.6 % year-over-year. Investors are looking ahead to […]

RoboStreet – June 9, 2022 Fed On Deck To Address Inflation  Friday’s inflation data in the form of the Consumer Price Index (CPI) is a pivotal report for the bulls to seize on what they hope to be another sign of inflation peaking in April or May. While one or two months don’t make for […]

The current state of the economy will be examined in detail by several important reports, including inflation statistics and the federal budget, which are expected to be released on Friday. All three major U.S. indices closed in the red as crude oil prices finished above $122 today. The $VIX is trading near the 25 levels. […]

With a handful of earnings on the docket and long-term treasury yields moving higher today, all three major U.S. indices closed in the green. The $HRL, $DOCU, and $OKTA earnings this week and the consumer price index data on Friday could have an impact on the market’s next move. CPI data due on Friday will […]