Category: Prepare for the Trading Week
09/29/2023
Market Update Into October 2nd: That’s A Wrap On Q3
Another month and another quarter are in the books, and for all intents and purposes, indexes performed exactly as they historically do in September; Poorly! We now look forward to the return of fall and Q4, with its brisk weather […]
09/22/2023
Market Update Into September 25th: FOMC Strikes Again!
This week, all eyes were on the FOMC meeting and the subsequent comments from its chairman, Jerome Powell. Market participants were clearly spooked by Powell’s notably hawkish stance and, as a result, the indexes sold off sharply, breaking below important […]
09/15/2023
Market Update Into September 18th: CPI, PPI, and Triple Witching!
We are now at the halfway point of September, and markets appear to be teetering on the edge of another directional move. Though CPI data came in slightly hotter than expected mid-week, participants seemed to shrug it off. However, by […]
09/08/2023
Market Update Into September 11th: iPhone Ban Spooks Markets
The first week of September is behind us, and so far, markets are acting exactly as they tend to this time of year. News came out mid-week of iPhone bans for many across China, adding fuel to the downside move […]
09/01/2023
Market Update Into September 5th: Weak Seasonality Has Arrived
After five months of seemingly unrelenting strength, August found markets taking a much-needed breather. The SPY and the QQQ made new monthly lows relative to July’s lows, while the IWM went inside, suggesting further consolidation was necessary for the struggling […]
08/25/2023
Market Update Into August 28th: NVDA, JPow, and Mixed Signals
The week started off strong, with market participants eagerly awaiting the earnings announcement from the behemoth, NVDA. The announcement came and it was good, causing markets to lift in after-hours on Wednesday. Unfortunately for bulls, though, those gains were given […]
08/18/2023
Market Update Into August 21st: Three Weeks Red
It was another brutal week for the bulls, with powerful selloffs across each of the three major indices. The small caps bore the brunt of the downside move, but few stocks were safe from the renewed fears of higher rates […]
08/11/2023
Market Update Into August 14th: A Healthy Pullback… For Now
It was a tough week for the bulls, with all three major indices putting in red candles for a second week in a row. For now, this seems like just a healthy pullback to retest the previous highs from June. […]
08/04/2023
Market Update Into August 7th: Markets Get Downgraded
It was a tumultuous week in the markets, with a US credit rating downgrade on Wednesday sending stocks into a tailspin. Bulls held out hope for earnings announcements from major tech players like AAPL and AMZN to save the falling […]
07/28/2023
Market Update Into July 31st: Markets Shrug Off Rate Hike
This week, the markets’ focus was the FOMC decision on Wednesday, where Powell and gang decided to raise interest rates by an additional 25 bps to the highest level in over 22 years. The action was muted leading into the […]