To The Moon

Yesterday's Summary The $S&P 500(.SPX)$ 's four-day decline, the longest since January, raised concerns amidst dashed hopes for a rate cut and escalating Middle East tensions. The market awaits strong corporate earnings to reignite optimism. The airline sector's positive performance, driven by United Airlines' upbeat second-quarter profit outlook, offers a glimmer of hope. However, the tech sector faces high expectations, particularly with the onset of earnings season. $Taiwan Semiconductor Manufacturing(TSM)$ 's robust earnings fueled by AI chip demand underscore the potential for growth in tech-related industries. $TSM Key Events to Watch Today Investors eagerly anticipate Netflix's earnings report a

Market Recap The US stock market endured its longest losing streak since January, with the $S&P 500(.SPX)$ sliding over 4% from its all-time high as big tech companies faced significant sell-offs. Chipmakers, particularly $ASML Holding NV(ASML)$ , bore the brunt of the downturn. Despite ASML's declining orders, strong sales to China persisted, even amidst export curbs imposed by the Biden administration. Meanwhile, European Central Bank President Christine Lagarde hinted at a hopeful economic recovery in the euro zone, signaling potential interest rate cuts in June. SPX Key Events: President Biden's call to triple tariffs on Chinese steel and aluminum stirred market attention, though the White House

In just a couple of weeks, the landscape of central banking and market sentiment has undergone significant shifts. Here's a summary of the key developments: Federal Reserve's Revised Outlook FED Powell's Remarks: Federal Reserve Chairman Jerome Powell expressed concern about the lack of progress in the Fed's battle against inflation. He suggested that if higher inflation persists, interest rates will remain higher for longer, delaying potential rate cuts. Market Reaction: Despite Powell's remarks, the stock market remained relatively calm, with the Dow even closing higher for the day. This could indicate that investors were already anticipating the delay in rate cuts, as hinted at by other Fed officials. International Monetary Fund's Economic Forecast Global Growth Projection: The Inter

Yesterday saw a continuation of the reevaluation of interest-rate expectations for 2024, driven by comments from Federal Reserve officials and market reactions to economic data. Here's a breakdown of the key events and market movements: DJIA: +0.17% to 37,798.97 ; $S&P 500(.SPX)$ : -0.21% to 5,051.41 ; $NASDAQ(.IXIC)$ : -0.12% to 15,865.25 $Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ Stocks Interest Rate Expectations Fed Remarks: Fed Chairman Jerome Powell emphasized the need for greater confidence in sustained inflation decli

Yesterdday's attention was drawn to the latest inflation data and remarks from Federal Reserve officials, setting the stage for the upcoming earnings season, which kicks off with major U.S. banks reporting their first-quarter results. Inflation Insights Producer Price Index (PPI): The March PPI came in lower than expected, rising by 0.2% from February, against economists' forecasts of a 0.3% increase. While the PPI remains 2.1% higher than a year earlier, recent months have shown more subdued inflation at the wholesale level compared to consumer price indexes. Inflation Federal Reserve's Concern: Comments from regional reserve bank presidents, including New York's John Williams, Richmond's Thomas Barkin, and Boston's Susan Collins, acknowledged the recent hotter-than-expected infla

Yesterday's hotter-than-expected March inflation report sent shockwaves through the market, prompting a significant decline in stocks amidst fears of prolonged interest rate hikes by the Federal Reserve. Inflation Market Reaction Stock Decline: All three major indices closed in negative territory, with the Dow Jones Industrial Average leading the losses with a 1.1% decline. The $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ also recorded losses of nearly 1% and 0.8%, respectively. $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $Apple(AAPL)$ $Advanced

Yesterday's trading session saw mixed performance in the stock market as investors awaited crucial inflation data scheduled for release tomorrow. While major indices experienced choppy trading, the price of gold continued its upward trajectory, reaching record highs. DJIA: -0.02% to 38,883.67 ; S&P 500: +0.14% to 5,209.91 ; Nasdaq: +0.32% to 16,306.64 Session Summary Market Performance: The $S&P 500(.SPX)$ ended the day marginally higher, up 0.1%, after fluctuating between gains and losses earlier in the session. The Dow Jones Industrial Average closed flat, while the $NASDAQ(.IXIC)$ edged up 0.3%. Trading remained choppy throughout the day, reflecting investor

Yesterday's market session saw a subdued performance, with major indices barely budging amidst a backdrop of economic data anticipation and celestial excitement. Despite minor fluctuations, the market lacked significant momentum, experiencing its lowest volume day of the year. Index Perf Session Summary Eclipse Effect: Wall Street experienced a lackluster trading day, with the Dow Jones Industrial Average recording a marginal 11-point decline. Both the $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ remained relatively flat throughout the session, failing to make substantial moves. The eclipse added an element of distraction, contributing to the day's subdued activity. DJIA: -0.03% to 38,892.80 ; S&am

Friday's market action was marked by unexpected seismic shifts, both figuratively and literally. As Wall Street grappled with the aftermath of a significant earthquake in New York City, investors were also rocked by a blockbuster jobs report that surpassed all expectations. Despite the tumultuous start to the day, optimism prevailed as stocks rallied on the back of robust economic data. Session Highlights Jobs Report Jolt: The Bureau of Labor Statistics delivered a stunning surprise with its report of 303,000 job additions in March, far exceeding the consensus estimate of 205,000. The unexpected surge caught analysts off guard, highlighting the resilience of the labor market and fueling investor confidence. NFP Market Reaction: Despite the initial shock, investors embraced the positive

In a day marked by volatility and uncertainty, stock markets experienced a rollercoaster ride, with initial gains giving way to a sharp afternoon downturn. The looming specter of geopolitical tensions in the Middle East, coupled with hawkish remarks from Federal Reserve officials, contributed to a sea of red across major indices. As investors brace for the highly anticipated jobs report, today's data release promises to provide further insights into the economic landscape and potential policy implications. Oil Session Recap Stocks kicked off the day on a positive note, with early gains buoyed by optimism and momentum near record highs. However, the mood soured in the afternoon as a barrage of less-than-favorable news sent markets tumbling. All 11 sectors of the