market update

Inflation was out of control, interest rates soared, bonds screamed caution and a recession seemed imminent. Yet, here we are, 20 months later with the S&P 500's bear market nearing a full recovery, just 260 points short. Talk about market resilience! Market Prices as of 4 pm EST, 7/24/23...

Back from vacation and diving into a big week. The S&P 500 is just over 5% away from hitting its all-time high, FED's poised for a rate hike, second quarter GDP and big tech earnings are rolling in. Coffee in hand? Let's conquer this week together! Market Prices as of 4 pm EST, 7/21/23...

Do with this information as you see fit: Jim Cramer said this week he doesn’t see a recession in the cards for the US… Market Prices as of 4 pm EST, 7/19/23 Macro The end of Fed hikes may be on the horizon but what about their effects on the economy? According to TD, the peak impact...

Are we inching closer to the elusive “soft landing”? An increasing share of global fund managers sees it as the most likely outcome over the next 12 months: Market Prices as of 4 pm EST, 7/18/23 Macro Here are some highlights from BofA’s latest Global Fund Manager Survey:...

Economists expect this morning’s retail sales data to show the strongest growth since January. If a recession is coming, somebody forgot to tell the consumer! Market Prices as of 4 pm EST, 7/17/23 Macro China represents the world’s largest market for chipmakers. In 2022, it was...

Last quarter's earnings day moves were 3.6x the average daily move. Will we see more of the same this season? Market   Prices as of 4 pm EST, 7/14/23 Macro The economic rebound in China has failed to meet lofty expectations. In fact, it’s largely disappointed and the latest data...

Market veteran Ed Yardeni says the U.S. economy has shifted from a “rolling recession” to a “rolling recovery”. He says large parts of the residential real-estate sector had been in a recession for eight quarters. But a sharp rise of 12% in new home sales (among...

I hope you all enjoyed a relaxing Independence Day and Canada Day long weekend. Despite everything the stock market has been unbelievably resilient. The NASDAQ posted its strongest first 6 months of the year since the early 1980s. What do we think the next 6 months hold? Market Prices as of 1 pm...

Especially Apple (NASDAQ: AAPL) which is on the cusp of making history by becoming a $3 trillion market cap company. Apple hit $3 trillion in early 2022, but didn't manage to close there. The stock is up 51% year-to-date. Will Apple keep soaring to new heights? Market Prices as of 4 pm...

The housing market is resilient. Sales of newly constructed homes were up 12.2% in May from April, and up 20% from a year ago. Homeowners with ultra-low mortgage rates don’t want to sell and buy another home at a much higher rate according to Bloomberg. Will this continue? Market...

SEC approves first ever leveraged Bitcoin Futures ETF. Bitcoin (CRYPTO: BTC) is up 83% in the past 6 months. Is it going higher? Market Prices as of 4 pm EST, 6/26/23 Macro  President Joe Biden is doing his best Franklin D. Roosevelt impression. Biden has announced a plan to provide high-...

It’s been an amazing first half of the year for the NASDAQ. The NASDAQ 100 index is on track for best first half to a year ever. Can the run continue? Market Prices as of 4 pm EST, 6/23/23 Macro Vladimir Putin had quite the weekend. On Friday, Yevgeny Prizogozhin, the leader of Russia...

Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities. This boosts his total giving since 2006 to more than $51 billion. Market Prices as of 4 pm EST, 6/22/23 Macro New filings for unemployment benefits are hovering at the highest level since October...

The Bank of England delivers surprise half-point rate hike to 5%, the highest in 15 years. They say the risks to inflation are “skewed significantly to the upside”. Market Prices as of 4 pm EST, 6/21/23 Macro Jerome Powell will make his way back to Capitol Hill this morning...

The S&P earnings yield, corporate bonds and treasury bills are all offering the same yield of 5.3%. So a medium risk, low risk and no risk asset is offering the exact same yield…  What a time to be alive! Market Prices as of 4 pm EST, 6/20/23 Macro Fed Chair Jerome Powell heads to...