Topline The stock market tanked Monday morning, with the S&P 500 falling back into bear market territory as investors nervously look ahead to the Federal Reserve’s upcoming policy meeting, with last week’s record-high inflation reading leading to a spike in recession fears. The two-year Treasury yield jumped to over 3.2%—its highest level since 2007. Richard…
Topline The stock market extended an end-of-week selloff on Friday after the Labor Department reported inflation unexpectedly returned to record highs last month—feeding concerns that the Federal Reserve may embark on a more aggressive campaign to temper rising prices, even if it risks stunting economic growth. Federal Reserve Board Chairman Jerome Powell testifies before a…
Topline Stocks plunged on Thursday as recession fears continued to weigh on markets and investors nervously looked ahead to a closely-watched consumer price index reading due Friday, with ongoing concern that inflation could come in higher than expected. Stocks took a hit before the upcoming consumer price index reading on Friday. Richard Drew/ASSOCIATED PRESS Key…
Topline Markets moved slightly higher on Monday as stocks tried to rebound from a losing week; investor sentiment rose thanks to positive news out of China, which looks to be easing coronavirus lockdown restrictions and regulatory crackdowns on its tech sector. Investors are hoping for a more positive week as China reduces lockdown restrictions. Richard…
Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP Here are the cycles-based trade recommendations for the DJIA stocks in this month. In May, the long trades returned an average of -4.03% versus a change of +0.04% in the DJIA in comparison to a return of +6.76% for the short sales. Over the last 21 months,…
Topline Fresh off the S&P 500’s brief plunge into bear-market territory, financial stocks led a staggering market rally on Monday after bullish news from the nation’s largest lender, but with uncertainty around interest rate hikes still posing a risk to stocks, experts aren’t breathing a sigh of relief just yet. JPMorgan’s billionaire chief cautioned “big…
2022 has been a brutal year for investors. Presently, the S&P 500 is down over 16% Year-To-Date (YTD), the Dow is down 12% YTD, the NASDAQ is down an astounding 25% and the Russell 2000 small capitalization index is down 19%. The devastation has been widespread, with a high number of stocks down over 50%.…
Topline Stocks fell on Monday while rates surged, with investors trying to recover from last week’s volatile market swings even as experts warn that rising risks to economic growth could lead to further downturns. Stocks are on track for another bad month. Richard Drew/ASSOCIATED PRESS Key Facts The Dow Jones Industrial Average was down over…
Bull statue outside the New York Stock Exchange getty Jim Cramer on CNBC sometimes highlights a chart from the Fibonacci Queen, Carolyn Boroden. She uses the 5-day (blue line) and 13-day (red line) exponential moving averages or EMAs to show upward and downward trends in the markets. When the lines cross it tends to show…
Topline The stock market plunged for a second straight day Friday as investors continued to digest the possibility that Federal Reserve officials will act more aggressively than expected—potentially risking a recession—to rein in the biggest inflation spike in 40 years, pushing major indexes to their lowest point in more than a month. Federal Reserve Board…