SPY

The market got another hint of labor market weakness in the United States on Wednesday, as Automatic Data Processing, Inc. (ADP) reported 145,000 jobs added by private companies in March 2023, down from 261,000 in February and significantly below forecasts of 200,000. According to ADP Chief...

The year 2023 is on track to be the second-best year ever for the dip-buying strategy, which involves acquiring a stock or index after its price has fallen. The S&P 500 index, which is fully replicated by the SPDR S&P 500 ETF Trust (ARCA: SPY) posted an average of 0.3% in sessions following...

The SPDR S&P 500 (NYSE: SPY) gapped down 1.25% on Friday after a big bullish day on Thursday saw the market ETF rally 1.46% from the previous day’s closing price. Thursday hosted the most anticipated after-hours earnings session of the season, with mega-tech companies Apple, Alphabet and...

The SPDR S&P 500 (NYSE: SPY) closed 0.39% higher on Friday, recapturing the 200-day simple moving average (SMA) after struggling at the level intraday. Whether or not the market is about to experience another bull rally and negate the bear market, or whether Friday’s price action is just...

The Broader Markets The S&P 500 closed the shortened holiday week at new highs, up about 1.1%, about inline with the 1.1% the options market was pricing. With that, the VIX closed at 17.30, its lowest level in a year. SPY options are again pricing in about a 1.1% move in either direction for...

U.S. futures spiked on Sunday night as of President Donald Trump's healthcare providers expressed optimism over his timely return to the White House. What Happened: Dr. Brian Garibaldi, a member of Trump’s medical team, said the President could be discharged from the Walter Reed...

The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness in the technology sector. Remember This: “While valuations have hinted to overstretched markets in the past, it’s tough to say where stocks should be trading right now. We just witnessed the...

U.S. GDP grew 1.2 percent in the second quarter of 2016, an improvement from the first quarter's 1.1 percent gain but still well below the 2.6 percent economist expectation.  "2Q U.S. GDP was certainly disappointing, but strong consumer spending still gives reason for cautious...

Michael Hartnett, Bank of America's Chief Investment Strategist, stated that cash is outperforming stocks and bonds for the first time since 1990. Hartnett's "Bull & Bear Index" is now the most bearish since October 2011. Hartnett also noted the "Global Wealth...

Last week the bears did just enough to remind the bulls that it's not a straight shot to the moon this year. On Thursday, the bears got more help in the form of a new source of scary headlines--the Iraq situation. Iraq is a legitimate threat with global repercussions. The fighting has the...