Sure, the Fed's decision to up the Fed Funds Rate by 75 basis points on Wednesday was met with open arms by traders, who pumped stocks up to the tune of 2% in response. It's far too soon to say with any certainty that this is evidence that the selloff is over and we're starting a new uptrend though. After...
It now looks like the firm bullishness from two weeks ago wasn't a sign of better days after all. Last week's 5.0% selloff from the S&P 500 marks the worst week for stocks since January, and that ill-fated January week was the worst since the market tumbled in early 2020 in response to the spread of COVID-19 outside of China....
It now looks like the firm bullishness from two weeks ago wasn't a sign of better days after all. Last week's 5.0% selloff from the S&P 500 marks the worst week for stocks since January, and that ill-fated January week was the worst since the market tumbled in early 2020 in response to the spread of COVID-19 outside of China....
Stocks suffer setbacks all the time. Many of them are to no avail. Thursday's setback, however, means more than it may seem on the surface. That's not necessarily a conclusion you would draw from the numbers alone. The S&P 500 fell nearly 2.4% in Thursday's trading, but we've seen worse, and recently. Some of those big stumbles were an omen...
Stocks suffer setbacks all the time. Many of them are to no avail. Thursday's setback, however, means more than it may seem on the surface. That's not necessarily a conclusion you would draw from the numbers alone. The S&P 500 fell nearly 2.4% in Thursday's trading, but we've seen worse, and recently. Some of those big stumbles were an omen...
— Bitcoin continues to hold support, but not in an inspiring way. Now more than ever traders need to know the key levels. — By Bret Kenwell, TheStreet.com Bitcoin lately has been quiet – perhaps too quiet. It may have proved a good bet against inflation, as it rose considerably from the aftermath of covid-19 to its highs in late...
And just like that, what looked like a recovery effort came to a screeching halt. The previous week's 6.6% gain was halted in its tracks last week, ceding to weakness that ultimately dragged the S&P 500 1.2% lower for the four-day-trading-day stretch. It's not necessarily the end of the world. That 6.6% advance was a tough act to follow. The...
And just like that, what looked like a recovery effort came to a screeching halt. The previous week's 6.6% gain was halted in its tracks last week, ceding to weakness that ultimately dragged the S&P 500 1.2% lower for the four-day-trading-day stretch. It's not necessarily the end of the world. That 6.6% advance was a tough act to follow. The...
— Despite rising fuel costs, Delta Air Lines looks for $1.5 billion in free cash flow and a return to pre-Covid revenue trends. — By Bret Kenwell, TheStreet.com Considered by many to be the top airline, Delta Air Lines (DAL) just can't catch a break. Investors were looking for a potentially significant rotation to take place over last week's high....
The seven-week losing streak was finally snapped… in spades. The S&P 500 bounced an impressive 6.6% last week, closing at its highest level seen since late April. This is what a reversal would look like at its inception. Don't be too quick to jump to such a conclusion though. Last week's strength was almost too good to be true, and...
