The SP500 and Dow closed strongly lower overnight with the Nasdaq now down 8% from the March highs, the SP500 is nearing 5%. This shows that the current theme is selling in growth, with value stocks holding strength. The only difference last night is that energy joined in the selling with Crude trading lower. Crude
Read MoreThe SP500 and Dow closed in the green on Friday as the Nasdaq finishes lower. Energy futures push back up which led the value stocks higher. Growth stocks continue to decline after the FED minutes and members continue to indicate a very hawkish stance as inflation worries continue. Many are expecting back-to-back .50% rate hikes
Read MoreUS markets closed slightly higher overnight which saw our futures close 50 points in the green. The Nasdaq closed flat as investors continue to worry about the aggressive tightening of monetary policy. Many are expecting back-to-back .50% rate hikes in the next few meetings. Additionally, there are also talks that the FED will start to
Read MoreFED woes continue to see the Nasdaq fall strongly as all signs point to an aggressive tightening of monetary policy. Many are expecting back-to-back .50% rate hikes in the next few meetings. Additionally, there are also talks that the FED will start to sell assets they purchased throughout the pandemic. Officials discussed the idea that
Read MoreFED Governor Lael Brainard and San Francisco Fed President Mary Daly both issued comments that the FED will need to raise rates and aggressively and draw down their balance sheet that ballooned from the recent purchases throughout covid. This saw Tech, Discretionary, and Communication sectors give back Monday nights gains. Other Value sectors also closed
Read MoreMost sectors closed in the red overnight, but a large rally in Tech, Discretionary and Communication services saw the US major indices close in the green. Strong Job numbers last week saw sentiment shift back to positive. All in all, economic data needs to remain positive here or it will contradict the FEDs rate hike
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