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Benign Inflation Measure Powered Another Day Of Market Rally

Jun 30, 2023
Barry Adams
Stocks advanced on the final day of the week after the preferred measure of inflation slowed in May. Tech-heavy Nasdaq Composite index is set to deliver its best performance in the first half in four decades.

Bullish Undertone Drives Market Averages Higher in U.S. and Europe

Jun 29, 2023
Barry Adams
The latest GDP revision added to a string of positive economic data this week after durable goods orders expanded and new homes sales advanced. Tech-heavy Nasdaq Composite index is set to report its best first half return since its inception in 1971.

Major Averages In Holding Pattern After Q1 GDP Revised Higher and Annual Bank Stress Test Results

Jun 29, 2023
Barry Adams
U.S. economic growth in the first quarter was sharply revised higher in the third estimate after consumer and public spending rose more than previously estimated. Stocks traded near the flatline and tech stocks and banks were in focus. Top 23 banks passed the annual stress test conducted by the Federal Reserve.

Market Rally Paused After Central Bankers Supported Additional Rate Hikes

Jun 28, 2023
Barry Adams
Central bankers in the U.S., UK and Europe said more rate hikes are needed to cool down inflation because tight labor market conditions are keeping core inflation elevated.

U.S. Stocks Traded Down, International Deficit Shrank, Powell Talks Tough On Inflation

Jun 28, 2023
Barry Adams
Stocks struggled following a broad market rally as the first-half comes to close. The Nasdaq Composite is set to close record high in the first-half in four decades. Fed Chairman Powell supported rate hikes at next meetings and cautioned about economic downturn.

Tech Stocks In Favor Again After Two Economic Reports Lift Sentiment

Jun 27, 2023
Barry Adams
Stocks powered ahead after durable goods orders and new home sales were ahead of expectations. Leading tech stocks charged the market advance and extended this year's gains as the first-half nears the end.

Stocks Turn Higher After New Home Sales and Durable Goods Orders Rise

Jun 27, 2023
Barry Adams
Stocks powered ahead and overcame rate hike worries after new home sales jumped at the fastest pace since February last year and durable goods orders advanced in May.



U.S. Market Averages Struggle, Home Builders Extend Yearly Gains, Global Indexes Slide

Jun 26, 2023
Barry Adams
Major averages lacked direction in the final week of the second quarter. Home builders extended this year's gains on the hopes of sustained demand for new homes amid stable mortgage rates.

U.S. and World Markets Remain Under Pressure After 2% Selloff Previous Week

Jun 26, 2023
Barry Adams
Stocks rested on the first day of a new week following 2% worldwide selloff in the previous week. Crude oil and natural gas prices remained volatile after Russia put down mutiny by a mercenary group.

German Business Confidence Weakened, Spain's Producer Prices Fall, Ruble Volatile

Jun 26, 2023
Barry Adams
European markets held up despite the Russian political turmoil over the weekend but natural gas prices shot up 10%. Spain's wholesale price index declined for the third month in a row and Germany's business confidence index dropped to a six-month low.

Global Markets Stall and Wall Street Rally Halts After Rate Hike Worries Resurface

Jun 23, 2023
Barry Adams
Major averages on Wall Street extended weekly losses on the ongoing worries that the Federal Reserve may keep higher rates longer and may be forced to dip into a recession to cool inflation.

Crude Oil Plunged 4% but Stocks Look Beyond Hawkish Comments from Powell

Jun 22, 2023
Barry Adams
Stocks turned around after falling for three days in a row and tech stocks led gainers. Crude oil dropped 3% and fell to a new 18-month low. European markets dropped after central banks continued aggressive rate hike campaigns.

Market Rally Stalls as Investors Shift Focus to Rate Path Trajectory

Jun 22, 2023
Barry Adams
Rate path worries gained momentum and major averages declined for the fourth day in a row as Fed Chairman Powell reiterated log fight ahead to tame stubborn inflation.

Market Averages Turned Lower After Rate Path and Valuation Worries Resurfaced

Jun 21, 2023
Barry Adams
Stocks struggled to shake off valuation worries for the second day in a row after market rally powered by a surge in tech stocks over the last eight weeks.



Market Averages Turn Lower After Powell Reiterates Need for Rate Hikes

Jun 21, 2023
Barry Adams
Stocks trended lower after rate path worries resurfaced following the Fed Chairman Powell comments on inflation. Treasury yields edged higher. Crude oil continued its month-long slide.