December 12, 2023
Convincing signs that we’re moving closer toward 2% inflation keep adding up. When October’s PCE inflation data was released, it was very similar to the CPI data earlier in the month. The report revealed headline inflation grew only 0.049%, a welcome revelation compared to expectations of a 0.1% increase. Similarly, core inflation rose only 0.163% versus consensus estimates of a 0.2% increase. Even stripping out more volatile shelter costs, inflation is running below 2% on an annualized pace over both a three-month and six-month timeframe. Even if we zoom out to the last nine months, we’re looking at annualized inflation […]
March 1, 2023
Stocks Stocks finished the last day of February in the red, which was indicative of a month that saw losses for the three U.S. equity benchmarks. For the month of February, the stock market’s three major indices performed as follows: Dow -4.2% S&P 500 -2.6% Nasdaq -1.1% Inflation Inflation took an unexpected turn through January, disappointing what was hoped to be a deflationary trend. For the month, the Consumer Price Index (CPI) increased 0.5% month-over-month, rising 6.4% on an annual basis. That outpaced forecasts, which had anticipated that 0.5% monthly increase but only a 6.2% annual CPI increase. Furthermore, […]
January 1, 2023
Stock Market In 2022, the U.S. stock market experienced its worst year by percentage decline since the financial crash in 2008, snapping a three-year streak of Wall Street gains. At the final bell of 2022, those three major benchmarks performed as follows for the year: Dow Jones -8.8% S&P 500 -19.4% Nasdaq -33.1% And for December, the three major indices performed as follows: Dow Jones -4.2% S&P 500 -5.9% Nasdaq -8.7% Inflation The December 13 inflation report brought a sigh of relief, as the Consumer Price Index rose just 0.1% over the previous month, coming in significantly lower than forecasts. […]
December 1, 2022
Stocks Bolstered by a banner last day of November, the markets posted positive gains for the month. Through November, the major indices performed as follows: +5.3% Dow Jones +4.6% S&P 500 +3.3% Nasdaq Those returns technically pulled us out of a bear market, closing 20.4% higher than the recent low on September 30th of this year. The late rally was largely a reaction to remarks by Federal Reserve Chairman Jerome Powell, who signaled a 50-basis-point rate hike at the central bank’s December meeting. Inflation For October (latest data), the Consumer Price Index registered a 7.7% increase over the previous twelve […]
November 1, 2022
Stock market recap The markets made a comeback in October, snapping two months of losses for all major indexes. For the month, the three major indexes performed as follows: Dow Jones Industrial Average +13.96% S&P 500 +7.99% Nasdaq Composite +3.90% For the Dow, it was the best month for returns since 1976. The next two weeks will be pivotal to see how the markets respond going forward. A Fed meeting that’s surely to see another big rate hike (Nov. 1-2), the CPI (inflation) report (Nov 10), jobs/unemployment report (Nov. 4), and even midterm elections (Nov. 8) all will be closely […]
October 2, 2022
Stock Market Through September, the stock market performed as follows: S&P500 -9.34% DOW -8.84% Nasdaq Composite -10.5% In September, the S&P 500 and Dow Jones Industrial Average experienced their biggest one-month loss since March of 2020. For both stock indexes, it was their worst-performing September since 2002. September swoons September swoons are somewhat typical for the stock market. Going back to 1928, the S&P 500 has dropped 7% or more at least 11 times. Likewise, the Dow has declined by 7% or more 13 times going back to 1928. And with the tech-heavy Nasdaq Composite, we only need to go […]
September 4, 2022
Stock market In August, the US stock market stumbled to the finish line with a four-day selloff. For the month, Wall Street’s major indexes performed as follows: The Dow -3.9% S&P 500 -4.2% Nasdaq -4.6% Year-to-date (as of the conclusion of August 31st), the stock market’s benchmark indexes have performed as follows: The Dow -13.29% S&P 500 -17.02% The Nasdaq -24.47% The best and worst-performing stocks in August Despite a mid-month rally, the stock market lost ground by the end of August, with the S&P 500 posting negative 4.2% growth. For the month, these were the top 5 best-performing […]
August 3, 2022
Stock Market July saw a reversal of fortune in the stock market, which posted its best month since 2020. For July, the major stock indices performed as follows: Dow Jones +6.73% S&P 500 +9.11% Nasdaq Composite +12.35% Some context to those notable gains: That was the S&P 500’s biggest increase since November 2020, The Nasdaq’s biggest monthly gain since April 2020, And the Dow’s biggest monthly gain since November of 2020 as well. In July, 86% of stocks in the S&P 500 saw increases. July’s gains for the Nasdaq broke a three-month losing streak. Big winners Amazon stock ended the […]
July 29, 2022
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July 6, 2022
Stock market For the month of June, the major U.S. stock indices performed as follows: Dow Jones -6.71% S&P500 -8.39% Nasdaq -8.71% Despite a positive trading day on July 1st, all three indices posted their fourth negative week out of five. In fact, the first six months of 2022 have seen a historical amount of red for Wall Street, with the worst losses through the first half of 2022 since the first six months of 1970. At the halfway mark of 2022, the S&P 500 was down about 20.58%, the Nasdaq 100 down 29.51%, and the Dow was down 15.3% […]