Most traders had to acknowledge something like this could have happened sooner or later. But, it’s unlikely anyone saw it coming quite like this. The “this,” of course, is Friday’s 2.65% tumble from the S&P 500, although truth be told, the meltdown actually started taking shape on Wednesday. Friday’s close was 3.1% below Tuesday’s peak, marking one of the worst...
Most traders had to acknowledge something like this could have happened sooner or later. But, it’s unlikely anyone saw it coming quite like this. The “this,” of course, is Friday’s 2.65% tumble from the S&P 500, although truth be told, the meltdown actually started taking shape on Wednesday. Friday’s close was 3.1% below Tuesday’s peak, marking one of the worst...
That makes the ninth consecutive winning week for the S&P 500, carrying the index deeper into record high territory. It still feels strained, forced, and artificial though, as if the bulls are simply trying to extend an already-over-extended rally by celebrating the potential end of the conflict in Iran… as if that conflict was a problem for the market. (It...
That makes the ninth consecutive winning week for the S&P 500, carrying the index deeper into record high territory. It still feels strained, forced, and artificial though, as if the bulls are simply trying to extend an already-over-extended rally by celebrating the potential end of the conflict in Iran… as if that conflict was a problem for the market. (It...
Stocks ended up logging a win for the week, albeit a small one. Still, a small win is better than any loss. Nevertheless, there’s no denying the weight of the recent gains is a problem. The market is struggling to continue moving higher here. Not even hope for an end to the conflict in the Middle East is getting the...
Stocks ended up logging a win for the week, albeit a small one. Still, a small win is better than any loss. Nevertheless, there’s no denying the weight of the recent gains is a problem. The market is struggling to continue moving higher here. Not even hope for an end to the conflict in the Middle East is getting the...
Despite the impressive midweek effort, nearly all the work the bulls were able to hammer out last week was unwound on Friday. All told, the S&P 500 only gained 0.1% for the five-day stretch, giving up most of what was at one point was nearly an 0.8% gain. It’s still too soon to say this is the beginning of a...
Despite the impressive midweek effort, nearly all the work the bulls were able to hammer out last week was unwound on Friday. All told, the S&P 500 only gained 0.1% for the five-day stretch, giving up most of what was at one point was nearly an 0.8% gain. It’s still too soon to say this is the beginning of a...
Against the odds (and despite the not-so-great start), the market mustered another win last week. That’s the sixth one in a row, with last week’s 2.3% gain from the S&P 500 re-accelerating the rally that began all the way back in early April. Oh, it’s gotten completely nuts. The six-week gain has carried stocks up to the tune of 17,...
Against the odds (and despite the not-so-great start), the market mustered another win last week. That’s the sixth one in a row, with last week’s 2.3% gain from the S&P 500 re-accelerating the rally that began all the way back in early April. Oh, it’s gotten completely nuts. The six-week gain has carried stocks up to the tune of 17,...
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