Last week’s news was filled with stories about how the FANG stocks and particularly APPL were the main driving forces behind the new highs in the indexes and their ETFs (i.e. SPY and QQQ).
The tone of this type of …
Elon Musk has a talent for creating news to inflate the value of Tesla. This week he did it again by following Apple and the Fed’s tactics for inflating asset prices.
In addition, he cleverly used this tactic to abruptly …
Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions.
On a daily basis, the story sounds like this…
On Thursday, TLT quickly retreated after breaching its …
Equity markets mostly recovered from an early swoon this week buoyed by stellar performance from digital tech giants while safety plays got ignored. The NASDAQ100 closed +4% for the week and up 25% YTD, but the Dow Industrials closed down …
** This week both Mish and Keith reviewed the big picture together. Market Outlook video contributed by Keith.
Equity markets stalled with all the key US indexes closing down, reversing a strong start for the week. The sell-off was led …
** This week both Mish and Keith reviewed the big picture together. Market Outlook commentary was done by Mish, with highlights and video contributed by Keith.
With Daily’s recently titled “Granny Retail Hangs Tough” and “Granddad Russell 2000 Takes the …
US equities once again put in a mixed performance with small caps (IWM) lagging, down -.76% for week, while NASDAQ 100 was up +4.67 % and registered yet another new All-time high on Friday. Breath figures (SPY) show the number …
The NASDAQ 100 (QQQ) closed the week at new all-time highs, +1.65%, while the Dow Industrials (DIA) was down -.2%. In fact, YTD, the Dow is down -9.36% while the Nasdaq 100 is up 18.62%, certainly a tale of two …
The easing of the lock down has resulted in a huge spike up of infections and a corresponding spike down in stock prices. Equities closed down about -3% on average and are now mostly down over the last month.
Stepping …
US Equity Markets closed up on the week, led by the NASDAQ 100 which was up +3.5%. The news of a spike in the spread of the virus, triggered Apple to close stores in several states. That hit the tape …