Do or Die Moment for the Fed

The S&P 500 on Friday marked its best weekly performance of 2024, snapping a two-week losing streak in the process. Wall Street’s bull run was rekindled after the Federal Reserve’s meeting on Wednesday. For the week, the S&P 500  advanced +2.3%,...

The Rising Sun

Stock markets in the United States, Europe and Japan set record highs this week after Nvidia reported blowout quarterly earnings results and strong guidance after the closing bell on Wednesday. “Insatiable demand” for the company’s artificial...

Market has bad breadth

A surge in mega cap tech stocks helped lift the S&P 500 and Nasdaq Friday, with the S&P holding above the 5,000 level for the first time and extending its record high, after December’s revised inflation reading came in lower than first reported. On...

The Roaring Twenties or the Crazy Nineties?

This week provided more proof that the US economy is steaming ahead. Economic growth in the fourth quarter trounced forecasts and gross domestic product increased 2.5% for the year. On Friday, there was even more good news for the US on the inflation front. The...

Inflation was transitory after all

Stocks mostly fell Friday but edged higher for the week, as traders examined the first batch of fourth quarter earnings and a pair of closely watched inflation reports. An unexpected downtick in producer price inflation provided a source of optimism, although this was...