fbpx

Market Brief – Friday 4/30/21

Stocks fell in overnight trading but investors were lined up at the opening bell as they have been trained to buy every overnight dip. The buying quickly turned into more selling in early trading as the Dallas Fed President stated we need a rate hike in 2022. Treasury yields were flat in overnight trading and … Read more

Market Brief – Thursday 4/29/21

Stocks rallied in overnight trading on President Biden’s tax-and-spend stimulus plan but stocks were struggling to hold their overnight enthusiasm in early trading. Treasury yields rose on the same new and were battered higher in pre-market trading but were slowly fading their overnight ramp in early trading. Initial unemployment claims fell slightly to +553k and … Read more

Market Brief – Wednesday 4/28/21

Stocks and Treasury yields were flat in overnight trading as investors nervously awaited today’s FOMC press conference. Stocks were down slightly, and Treasury yields were up slightly in early trading. Mortgage applications fell -2.5% last week as purchase applications fell -4.8% and refinance applications fell -1.1%. The trade deficit fell to its largest level in … Read more

Market Brief – Tuesday 4/27/21

Stocks were flat in overnight trading and down slightly in early trading. Treasury yields rose in overnight trading and were extending their decline in early trading ahead of today’s 7-year Treasury Note auction. Redbook same-store weekly brick-and-mortar retail sales rose +13.9% from this time last year. The Home Price Index rose +0.9% in February and … Read more

Market Brief – Monday 4/26/21

Stocks rose slightly in overnight trading and were a bit higher in early trading. Treasury yields were flat in overnight trading and down slightly in early trading. Durable goods new orders rose +0.5% March, missing expectations, and when excluding food and energy, core durable goods new orders rose +1.6%, in line with expectations. Today’s $60 … Read more

Market Brief – Friday 4/23/21

Stocks were up in overnight trading and rallying in early trading as rumors are swirling the capital gains tax increase will be less than the Biden Administration is seeking. Treasury yields were flat in overnight trading but bond sellers wanted yesterday back as they drove yields back up in early trading. The preliminary Markit Composite … Read more

Market Brief – Thursday 4/22/21

Stocks were flat in overnight trading and flat in early trading. After falling in overnight trading, sellers fought back and were pushing Treasury yields higher in early trading. Initial claims fell for the second week in a row to +547k as fewer Americans are filing for unemployment benefits. Total claims, including all forms of Pandemic … Read more

Market Brief – Wednesday 4/21/21

For the third day in a row, stocks fell in overnight trading, but buyers were lined up at the opening bell to drive stock prices higher in early trading. Treasury yields were flat in overnight trading and after a brief dip lower were slightly higher early trading. Mortgage applications rose +8.6% last week as purchase … Read more

Market Brief – Tuesday 4/20/21

In an unusual move as of late, stocks fell in overnight trading for the second day of a row and were continuing to slide in early trading. Treasury yields rose in overnight trading as 30-year Treasury yields revisited 2.3% until the opening bell when buyers quickly arrived. Redbook same-store weekly brick-and-mortar retail sales rose +13.5% … Read more

Market Brief – Monday 4/19/21

Stocks fell in overnight trading and while buyers were eager to purchase the overnight dip, stock prices were down slightly in early trading. Treasury yields rose in overnight trading as 30-year Treasury yields tagged 2.3% before buyers erased the overnight drop in early trading. Stocks closed lower on the day and Treasury yields higher on … Read more