Stock Market Update: 12/28/16
/in Investing/by Tyler RicheyHere is an excerpt Stock Market Update from The Sevens Report. Stocks rallied in quiet trade to start the final week of the year yesterday, as the Nasdaq reached a new all-time high. The S&P 500 gained 0.22% on the day. Futures were flat early yesterday, but once the bell rang stocks jumped higher out […]
Chart of the Day: NASDAQ Powers to New Highs
/in Investing/by Tyler RicheyWhile the 20,000 mark remained elusive in the Dow Jones Industrial Average, the Nasdaq Composite Index rallied to fresh all-time highs yesterday.
Chart of the Day: Nat Gas Surges Ahead of EIA Report
/in Investing/by Tyler RicheyNatural gas surged nearly 10% yesterday thanks to speculation that colder temperatures across the country will boost heating demand and in turn, draw down elevated inventories.
Stock Market Update: 12/21/16
/in Investing/by Tyler RicheyStocks rallied modestly Tuesday, as a mild resumption of the Trump trade carried the major averages close to all-time highs. The S&P 500 rose 0.36%. Stocks were higher from the outset Tuesday as the BOJ was, on balance, slightly dovish and data from Europe was good (German PPI was hot as was British Distributive Trades). […]
Can Trump Fire Yellen?
/in Investing/by Tyler RicheyCan Trump Fire Janet Yellen? I was asked that question at a Christmas Party on Saturday night by a local real estate agent. He’s not an active investor (he has an FA) but he does follow the markets, and he was nervous that Trump may fire Yellen because Trump said he thinks interest rates are […]
Chart of the Day: More “Inside Prints”
/in Investing/by Tyler RicheyThe S&P 500 printed its third “inside day” in a row yesterday which suggests a very indecisive market. Generally speaking, the trend preceding any consolidation patter such as inside days, is more likely to continue than reverse out of the pattern.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues