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Fed Funds Rate Hike Failed to Settle Rate Path Debate, Stocks Turned Lower In Choppy Trading

May 3, 2023
Barry Adams
The latest rate hike in the fed funds rate failed to end the rate path uncertainties as investors struggled to decipher Fed's next moves and how high rates will rise. With the labor market showing no signs of weakening and inflation staying significantly above the target level, marker uncertainty is likely to persist for months.

Investors Await Rate Decision and Fed Comments, Private Sector Job Gains Accelerate

May 3, 2023
Barry Adams
Caution prevailed in trading on Wall Street ahead of the Federal Reserve rate decision and commentary about the health of the U.S. economy. Crude oil drifted lower and bond yield trended lower after the private sector unexpectedly accelerated hirings in April .

Stocks Sour On Regional Banks, Real Estate and Recession Worries

May 2, 2023
Barry Adams
Stocks, bonds, crude oil and natural gas declined as investors stayed on the sidelines ahead of the Fed's comments after the rate decision tomorrow and growing anxieties about the U.S. government debt ceiling uncertainties.

Stocks Nosedived On Banking Worries and Rate Path Anxieties

May 2, 2023
Barry Adams
Stocks accelerated declines ahead of rate decision tomorrow and regional bank worries. Anxious investors are still not convinced that the ongoing regional banking crisis is over because higher rates are likely to inflict more pains on the banking industry.

Stocks On Wall Street Closed Down and Treasury Yields Advanced Ahead of Rate Decision

May 1, 2023
Barry Adams
Stocks traded lower and bond yields rose as investors turned cautious ahead of the rate decision this week. Crude oil closed lower in New York.

Stocks On Wall Street Meandered After Seizure of First Republic Bank

May 1, 2023
Barry Adams
JP Morgan Chase agreed to acquire all deposits and substantial assets of the failed First Republic Bank over the weekend in a competitive bidding process.

U.S. Inflation Cooling Raised Hopes for Soft Landing and Peak Terminal Rates

Apr 28, 2023
Barry Adams
The latest inflation index reading raised hopes that the Federal Reserve may not have to lift rates significantly above 5% and manage soft landing with little harm to the jobs market. Market rally broadened beyond tech stocks and major averages extended weekly gains.



Major U.S. Averages Extend 3-day Rally, Stubborn Core Inflation Highlights Policy Challenges

Apr 28, 2023
Barry Adams
Core rate of inflation remained elevated and significantly above the Fed's target rate of 2% in March. Intel reported the largest quarterly loss in its history. Amazon.com cloud revenue growth eased. Exxon Mobil and Chevron reported a surge in earnings, despite easing of oil prices.

Meta Platforms Earnings Power 2% Rally In Nasdaq and S&P 500 Indexes

Apr 27, 2023
Barry Adams
Stocks soared on Wall Street after Meta Platforms reported better-than-expected revenue and earnings, fueling a tech rally for the second day in a row. Meta extended a five-month surge to 170%.

Stocks On Wall Street Accelerated Gains, GDP Growth Decelerated

Apr 27, 2023
Barry Adams
Economic growth in the first quarter slowed from the previous quarter as consumer spending growth decelerated. Tech stocks led the gainers after parent of Facebook reported quarterly results showing higher advertising revenue.

Tech Bounce Failed to Lift Broader Averages On Wall Street, European Markets Closed Down

Apr 26, 2023
Barry Adams
Benchmark indexes traded higher on the back of a rally in tech stocks powered by Microsoft and healthier earnings from several companies including McDonald's, Chipotle Mexican Grill and CoStar Group.

Tech Stocks and Broader Market Averages Rebounded After Microsoft Earnings Advanced

Apr 26, 2023
Barry Adams
Benchmark indexes advanced in pre-market trading after Microsoft reported sharply higher sales and earnings and Google's parent Alphabet also reported less-than-expected decline in advertising revenue.

S&P 500 and Nasdaq Down 1.5% As Regional Banks Worries Mount

Apr 25, 2023
Barry Adams
Regional bank stress was added to a growing list of worries as investors struggled to understand interest rate path and how falling sales are likely to impact earnings in the coming quarters.

Tech Earnings Anxieties Keep Major Averages Down, Nasdaq Down 1%

Apr 25, 2023
Barry Adams
Caution prevailed on Wall Street ahead of earnings from big tech companies. The latest batch of earnings including UPS and PepsiCo failed to inspire confidence. First Republic's losses in securities assets highlighted the problem faced by banks of all sizes.



Earnings and Margins Anxieties Keep Stocks In Holding Pattern

Apr 24, 2023
Barry Adams
Stocks seesawed and major averages traded in a tight range as the earnings season kicks into the top gear with at least 300 companies scheduled to report quarterly results this week.