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Elevated Core Inflation May Keep Market Rally In Check

Jun 13, 2023
Barry Adams
Major averages advanced but gains were muted after overall inflation in May eased to a two-year low but core inflation stayed above 5% for the eighteenth month in a row.

Weaker Inflation Expectations Lifts S&P 500 to 13-month Peak

Jun 12, 2023
Barry Adams
Stocks advanced ahead of the inflation report on Tuesday. Crude oil extended its decline for the third day in a row. Treasury yields were in focus but showed little movement.

With U.S. Rate-Pause Optimism High, Indexes Brave Higher

Jun 12, 2023
Barry Adams
Stocks extended previous week's gains and energy prices declined for the third day in a row. The Federal Reserve, the European Central Bank and the Bank of Japan are scheduled to announce their rate decisions this week.

Major U.S. Averages Advanced, Global Markets May Face Rate Hikes Next Week

Jun 8, 2023
Barry Adams
Benchmark indexes braved higher and Treasury yields hovered near 2-month highs as investors debated rate path and rate levels. Crude oil dropped 3% on a possible uranium deal with Iran.

With Stocks On Hold, U.S. Treasury Yields Show Divided Bond Market

Jun 8, 2023
Barry Adams
Major averages rested and stocks outside the energy sectors traded lower. Initial claims of jobless benefits rose for the third week in a row. The yield spread between 2-year and 10-year Treasury notes widened.

U.S. Market Indexes Stay Elevated Amid Rates and Earnings Worries

Jun 7, 2023
Barry Adams
Major averages faced the wall of reality as the narrow stock market rally lost steam ahead of rate decisions from the Federal Reserve and the European Central Bank next week.

Major U.S. Averages Traded at Nine-month Highs, Trade Deficit Widened

Jun 7, 2023
Barry Adams
Benchmark indexes flirted at new highs in the year and investors looked ahead to rate decisions next week. International goods and service trade deficit widened in April in the U.S. and the trade surplus shrank in China in May.



U.S. Market Averages Rest As Old Worries Resurface, World Bank Highlights Growth Hurdles

Jun 6, 2023
Barry Adams
Market averages remained in a holding pattern and Treasury yields slightly eased. Crude oil regained its downward bias. The World Bank revised higher its global economic growth outlook and the U.S. economy is expected to feel the lagged effects of rate hikes in 2023.

Rate Path and Inflation Worries Dominate Trading Sentiment

Jun 6, 2023
Barry Adams
Market averages traded near 9-month highs as investors weighed global economic outlook. Treasury yields edged lower. Crude oil erased Monday's gains on global demand growth worries.

Inflation Worries Resurfaced In European Markets, German Factory Orders Dropped, Eurozone Retail Sales Flat

Jun 6, 2023
Thomas Buckingham
Inflation and aggressive rate hike worries resurfaced in European trading. Germany factory orders declined unexpectedly after large vehicle orders plunged n April. Retail sales were flat in the Euro Area after food and dule sales declined.

Narrow Stock Market Rally Paused On Monday

Jun 5, 2023
Barry Adams
The S&P 500 index turned lower from its 9-month high as rate path and inflation worries bubbled to the top ahead of the Fed's policy meeting next week.

Major Averages Rest After a Volatile Week, Crude Oil In Focus

Jun 5, 2023
Barry Adams
Market averages on Wall Street rested near flat-line after a volatile week and investors debated the rate path ahead of the Fed's policy meeting next meeting.

Lululemon Athletica Lifted Annual Outlook After Comparable Sales Surged 14%

Jun 2, 2023
Scott Peters
The athletic apparel retailer reiterated its commitment to expand into international markets, increase direct sales and offer a broader product selection for men.

LULU

Stocks Soared and Treasury Yields Edged Up After Payrolls and Labor Market Expanded

Jun 2, 2023
Barry Adams
Despite the talks of looming economic slowdown, hiring across the U.S. remained strong in May. Stocks extended weekly gains and Treasury yields advanced as focus shifted to Fed's next policy meeting.



Resilient Labor Market In May Drives Stocks Higher

Jun 2, 2023
Barry Adams
Stocks extended weekly gains after the latest labor market report showed May job gains closer to the monthly average over the 12 months and moderate wage gains. Crude oil traded volatile ahead of the OPEC+ meeting this weekend.