Weak Payroll Data Sends Stocks Higher - May 4, 2024 12:04

The release of weaker-than-expected payroll data has spurred speculation that the Federal Reserve might cut rates early this summer. On Friday, U.S. stock indices surged accordingly. The government of the U.S. reported that the economy added 175,000 new jobs this April, marking a significant decrease from March’s outstanding figure of 315,000 and lagging behind the […]

U.S. Stock Indices: A Dance Between Optimism and Fear - October 14, 2023 19:01

U.S. stock indices are currently dancing on a tightrope, balancing between optimism and fear. While there are signs of growth and recovery, external factors, such as geopolitical tensions and domestic economic concerns, are acting as counterweights. Starting off with Friday’s numbers, U.S. stocks predominantly leaned towards the negative side. The S&P 500, often considered a […]

Dow Jones Tussles With April Highs as US Dollar Begins to Retrace - May 11, 2018 16:38

After a mixed to down first quarter the Dow Jones index and US stocks are back on the rise. The Dow Jones price has gained over 1000 points since the low in early May, and is now sitting exactly at the April highs as the middle of the month passes. The US Dollar finally gave […]

Lucky Tuesday Has Gold on a YoYo - June 4, 2013 22:39

As Zerohedge likes to point out every week, Tuesday’s are the day of the week where the current equity rally makes its vig.  Check out the chart of the Dow with and without the last 20 Tuesdays — all up, mind you — that they posted this afternoon and you can see exactly how this […]

The Beat Goes On — S&P Sets New Record - May 14, 2013 23:56

All of the money being printed by the major central banks simply has nowhere else to go.  Today the S&P 500 rallied again late in the session as managed money went bargain hunting with newly minted dollars, yen and euros.  The benchmark equity index closed at 1650.34 (+1.02%) while the Dow Jones Industrial Average rose […]

Labor Report Sends Equities Soaring - May 4, 2013 15:33

While Friday’s jobs may have been more fiction than fact (see Dave in Denver’s breakdown of it here) that didn’t stop the computers from kicking the programs into overdrive and run some overhead short positions which took the S&P 500 over 1600 to close at 1614.42 and the Dow Jones Industrial Average briefly over 15000 […]

Commodity and Equity Bifurcation Continues Towards Plaid - April 23, 2013 21:42

The markets have gone plaid.  We had horrible Chinese and German flash PMI data come out this morning which kept commodity prices under duress all day. Copper continues its trek towards $3.00 per lb.  Silver broke back below $23 after challenging $24 yesterday. The grain complex was whacked across the board in late session trading […]

Dow Momentum Carries S&P Without Conviction Higher - March 8, 2013 2:50

I’m going to call a spade a spade here and say that it’s pretty easy to move 10-12 stocks in a price-weighted index like the Dow Jones Industrial Average which can have huge spillover effects into other markets, creating momentum-driven buying or selling — especially in today’s algorithm-based pseudo markets — that are completely divorced […]

Dow Sets Record, Everything Else is Contained - March 5, 2013 23:17

When Alan Greenspan was brought out of his coffin — only at night by the way — a couple of weeks ago he made it clear that the Federal Reserve believes it can create economic prosperity through the manipulation of perception.  And the greatest tool for attenuating the strength of the Fed’sreality distortion fieldis the […]