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Markets start July and the second half of the year with a rally on Wall Street. This despite the US technically being in a recession during the first half of the year. The Atlanta FEDs GDPNow Tracker is showing a Q2 GDP contraction of -1%. After Q1 contracted by -1.6% that is now two consecutive … Continue reading
D&D Note (6.24.2022) ~ Markets Continue the Bear Market Rally Closing at Session Highs ~ Stocks ripped higher by 3% today as the Bear Market relief rally continues to grind higher. The indexes all closed at session highs. Markets are poised to rally next week with the void of market making news. JP Morgan has … Continue reading
D&D Note (6.8.2022) ~ Markets Fall 1% on Fears of Economic Slowdown ~ The stock market dropped today with investors factoring possibilities of an economic slowdown in the midst of rising interest rates. The Atlanta FED GDPNow trackers shows a growth rate of 0.9% for the second quarter in the US down from 1.3% last … Continue reading
Stocks started the day in the green and then lost steam to hit the lows of the day during the lunch hour and then modestly clawed back to finish off the lows but still in the red. The FED and the war in Ukraine are setting us up for an “Economic Hurricane” said JP Morgan … Continue reading
D&D Note (5.26.2022) ~ Markets Rally On Strong Retail Earnings ~ Investors sighed a bit of relief after a spout of recent Retail Earnings beating on earnings. Many were worried about the American consumer after the disappointing Target and Walmart earnings. Last night Williams Sonoma reported and smashed same store sales boosting the stock 15% … Continue reading
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