The markets were rather boring for the first half of the day. By 1PM EDST, the S&P 500 (SPX) was nominally down. Then some sell programs hit the tape. You could tell it was sell programs because all categories of stocks – small cap, mid cap, large cap, technology, value, high dividend – were sold across […]
For the most part, the markets on Wednesday were a photocopy of the markets on Tuesday. However, once the FOMC meeting minutes were released at 2PM, the buyers stepped up. The reason was that the FOMC meeting minutes were far more dovish from an interest rate perspective than we were led to believe by the […]
Monday’s green shoots sprouted a little more on Tuesday. There was more breadth to the advance and I would note that the market held its positive tone after an early morning attempt to fade the market was repelled. The best news of the day was that tech and NASDAQ stocks outperformed other sectors and the […]
The markets rose to a new high on Wednesday only to be met with some consolidation on Thursday, ahead of today’s labor report for the month of March. That is going to be the big story today. Economists expect the US to generate 200,000 non-farm jobs in March. Look for upward revisions in past numbers. […]
What started out as a positive yet boring session turned ugly and the markets closed on session lows. Once again, the greatest losses were in the small caps, mid-caps and growth sectors. However, there was no single reason for the market turning from gains to losses. Rather it was a series of unconnected events. Obama […]
Crimea voted to secede from Ukraine and join Russia. So what? The bears expected that this would be the beginning of a major international crisis that would finally take the markets lower. As a result, they spent last week buying puts and going short. Well, the Crimean vote occurred yesterday, and the region which is […]
