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Market Brief – Tuesday 5/31/22

Stocks dipped in overnight trading while Treasury yields ripped higher after the ECB indicated they could raise rates by 50 basis points at an upcoming meeting. Both stocks and Treasury yields headed higher in early trading. Home prices rose +1.5% in March and +19.0% from this time last year. The Chicago PMI expanded at a … Read more

Market Brief – Friday 5/27/22

Stocks rose in overnight trading as investors cheer what they are hoping is the beginning of a big Bear market rally. Treasury yields fell slightly in overnight trading. Personal Consumption Expenditures, the Fed’s preferred gauge of inflation, rose +0.2% in April and +6.3% from this time last year. Excluding food and energy, Core PCE rose … Read more

Market Brief – Thursday 5/26/22

Stocks extended yesterday’s rally into overnight trading as investors continue to bet on a big Bear market rally to make up for some of their losses. Treasury yields rose slightly in overnight trading. Initial unemployment claims fell -8k last week to 210k and total claims fell -54k to 1.317 million indicating a strong labor market. … Read more

Market Brief – Wednesday 5/25/22

Stocks and Treasury yields fell in overnight trading as investors nervously await the minutes from the last FOMC meeting where they are hoping to see signs the Fed is soon to back off its plans to continue tightening monetary policy. Stocks raced higher and Treasury yields a bit higher in early trading. Mortgage applications fell … Read more

Market Brief – Tuesday 5/24/22

Both stocks and Treasury yields fell in overnight trading after a disappointing earnings announcement from Snap sent social media stocks lower in after-hours trading yesterday. The preliminary Markit Manufacturing PMI expanded at a slower rate to 57.5 in May from 59.2 in April. The preliminary Market Service PMI also expanded at a slower rate to … Read more

Market Brief – Monday 5/23/22

Stocks gapped higher in overnight trading as investors continue to bet on a big Bear market rally. Treasury yields followed stocks higher in overnight trading. The Chicago Fed National Activity Index increased to +0.47 in April from +0.36 in March, indicating the national economy is expanding at an above-trend rate. Stocks and Treasury yields closed … Read more

Investors, Heed the Fed’s Warning

For investors, the answer is always stocks. The only question, is, which stocks. As the major U.S. stock indices head into a Bear market, professional money managers are telling their clients that the problem with their portfolio is they now have the wrong stocks. Stocks are not always the best answer for most investors, as … Read more

Market Brief – Friday 5/20/22

Stocks rallied in overnight trading as investors look forward to a day without any economic news to put a damper on sentiment. Treasury yields were unchanged in overnight trading. Stocks and Treasury yields were lower in early trading. After a volatile day of trading, stocks closed slightly lower thanks to a late-day rally. Treasury yields … Read more

Market Brief – Thursday 5/19/22

Stocks and Treasury yields started the day lower as slowing growth and inflation expectations begin to weigh on investors. Stocks were volatile in early trading while Treasury yields gave back a litte of their overnight decline. Initial unemployment claims rose +21k to 218k last week. Total claims fell a whopping -68k to 1.371 million as … Read more

Market Brief – Wednesday 5/18/22

Stocks started the day sharply lower and Treasury yields slightly. Stocks and Treasury yields were headed lower in early trading. Mortgage applications fell -11% last week as both purchase and refinance applications fell. Building Permits fell -3.2% and Housing Starts fell -0.2% in April. The Department of Energy reported crude oil inventories as Crude:  -3.394mm … Read more