Market is flashing 21-21-21

Wall Street on Friday posted a five-week win streak for the first time since May. The benchmark S&P 500 crossed and ended above the 5,800 points level in a historic first, while the Dow is fast approaching the 43,000 points milestone. Despite Middle East...

There is no alternative (TINA)

The S&P 500 fell marginally on Friday but ended higher for the week after recording gains in three out of five sessions aided by strong macro data. The Dow Jones Industrial Average posted its 32nd record close for the year on Friday as the latest inflation data...

Time to go shopping

The S&P 500 on Friday plunged to its worst weekly performance since early March last year, driven by concerns over economic growth after a slew of soft data during the week, especially on the labor market. That, coupled with historical September weakness, led to a...

No Damage Done

What a week it was for Wall Street! Sentiment swung from the depths of negativity at the beginning to the peaks of positivity by the end. The S&P 500 slumped 3% on Monday, posting its worst trading session since September 2022 amid a global selloff, and then...

Taking a beating

The S&P 500 on Friday notched a three week losing streak for the first time since mid April. The Nasdaq, suffered an even steeper weekly decline and has ended up in correction territory.  A combination of disappointing quarterly reports from members of the...