Following today’s Beige Book release, major U.S. indices closed to mixed results as the Dow Jones and S&P finished in the green while the Nasdaq closed modestly lower. Moderate pace growth and pressure from inflation and labor shortage were reported in the Beige Book. Additional takeaways from the report showed supply-chain bottlenecks have continued and […]

Last week, U.S. indices snapped a multi-day losing streak to finish the weak in the green as the latest earnings season kicked off with major banks alongside the minutes from the latest Federal Open Market Committee meeting. Stronger than expected retail sales data, released on Friday, also supported markets global production and distribution concerns bubbled […]

RoboStreet – October 14, 2021  Lower Yields Trigger Fresh Buying In Tech Sector This week’s inflation data was being taken as a tipping point for the market to either contain the correction to 5% or open the way lower. Tuesday’s CPI read for September of 0.4% versus 0.3% forecast and Wednesday’s PPI read of 0.05% […]

Earnings season kicked off with JPM, BLK, and DAL releasing earnings today alongside the minutes from the latest Federal Open Market Committee meeting. U.S. indices snapped a multi-day losing streak as S&P and Nasdaq closed in the green while the Dow finished flat. Currently, the VIX is trading near the $19 level, gold futures and […]

The main catalyst to the market in the coming weeks will be the upcoming earnings season, set to kick off with major banks on Wednesday. JPM, DAL, and TSM are key earnings announcements this week that can potentially influence the market direction. The VIX returned to trade near the $19 level as U.S. markets dipped […]

RoboStreet – October 7, 2021 Market Oscillations Beginning To Ebb  Stocks are getting a lift from what is viewed as relief from some of the fears that have engulfed investor sentiment for the past few weeks. The resolution to raise the federal budget debt ceiling, Russia’s assurance to Europe that it will increase natural gas […]

Following the early week struggles, U.S. markets impressively rebounded on Wednesday as the VIX lowered to the $20 level. To start the week, markets sold off behind struggles in the tech sector and inflation concerns, pushing the VIX to the $25 level. Today, all three major U.S. indices finished in the green with the Dow […]

U.S. markets unanimously finished lower as the VIX returned to the $25 level. Inflation concern and COVID data remain at the forefront of market movement while today’s selloff was led by a large dip in the tech sector. Widespread social-media and tech outages, headlined by Facebook, caused shares to dip significantly, alongside the release of […]

RoboStreet – September 30, 2021  Quarter Ends With Market In Spin Cycle The third quarter ended characterized by rising volatility, higher bond yields, and lower equity prices, save for energy and bank stocks. Ongoing concerns about global supply chain disruptions were validated by Fed Chairman Jerome Powell’s testimony this week to the Senate Finance Committee […]

RoboStreet – September 23, 2021 Swift Correction May Be Over  It’s still early, but the rolling correction of the past three weeks may have culminated with this Monday’s steep selloff that saw the SPY trade down to $428. The subsequent rally into the FOMC meeting reassured investors that the bull market is resilient, even when […]