Market Rallies In Last Half Hour
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
I wouldn’t have expected it but the market rallied strongly in the last half hour taking back about 40% of its losses (Intraday Chart).
The economy added 263,000 jobs last month versus 200,000 expected and average hourly earnings increased 0.6% month over month versus 0.3% expected according to the BLS. Apparently the job market is sizzling hot. And yet in the real world Meta,…
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Tech stocks have been performing extremely well at year end, with the Nasdaq up for the 6th consecutive day today – S&P Tech (XLK) is up 4.24% over the same period. I sense some window dressing here as portfolio managers dress…
Federal Express (FDX) reported earnings last Thursday. Revenues were off 20% from the year ago period and net income 53%, though EPS of 58 cents a share was well above previous guidance. FedEx talked some about recovery and CEO Fred…
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We are likely to see a bounce fairly soon but it will only be a Dead Cat Bounce in a new bear market. Indeed, based off the futures it looks like bulls are going to buy the open this morning…