headline
02/25/2021
Global stock markets are mostly higher today after Federal Reserve Chair Jerome Powell said the U.S. central bank isn’t in any rush to adjust its monetary policy. It’s likely that the Fed will continue with its strategy of holding short-term interest rates steady and buying as many government-backed bonds as […]
02/24/2021
If you thought the short squeeze saga was over… think again. Shares of GameStop were up 100% after hours Wednesday after suddenly exploding before the close, finishing up 103.94% at the closing bell. And as you guys know, GameStop went bonkers a couple of weeks ago, propped up by the […]
02/24/2021
Wall Street rebounded off opening losses after Federal Reserve Chair Jerome Powell gave his second day of testimony to lawmakers and reaffirmed his view that the economy needs continued support — and more in Wednesday’s stock market recap. Also helping bullish sentiment and second-half momentum was news FDA members determined […]
02/24/2021
Large-cap technology stocks have been the talk of the town for a couple of years now. It’s easy to understand why because they’ve been rising faster than the overall stock market, and they’ve led the pack through the COVID-19 pandemic. But right now, their momentum levels are troublesome… And it […]
02/24/2021
Global stock markets and U.S. futures fell slightly this morning on the idea that inflation could cause the Federal Reserve to revamp its near-zero interest rate approach. Investors are keeping a close eye on rising bond yields and how it could impact the price of stocks. Remember, if interest rates […]
02/23/2021
Wall Street opened with heavy losses as traders awaited Federal Reserve Chair Jerome Powell’s semiannual monetary policy testimony before the Senate Banking Committee — and more in Tuesday’s stock market recap. There was a slight rebound off the lows after Powell reaffirmed the Fed was looking to maintain its current […]
02/23/2021
Global stock markets and U.S. futures are mixed this morning following big tech’s major sell-off, as the Nasdaq 100 breaks below its 50-day moving average. And it shouldn’t be any surprise that this sell-off quickly spread into Asian stocks. Chinese tech giants like Xiaomi, a cell phone-maker, and e-commerce giant […]
02/22/2021
Wall Street was weak throughout but rebounded midday before settling lower for the session — and more in Monday’s stock market recap. Tech underperformed while the blue chips outperformed as rising Treasury yields and expectations of higher inflation weighed on sentiment. Specifically, the yield on the benchmark 10-year Treasury note […]
02/22/2021
Small-cap stocks have experienced a major run-up recently… The Russell 2000, which tracks 2,000 of the smallest companies in the U.S. stock market, has gained a jaw-dropping 26.96% in the past three months. During that same time period, the S&P 500 has only gained 13.9%. That’s roughly half as much, […]