drewby4321

drewby4321

Summary: Investors seemed to rethink their positioning after the Fed updated the public on bond tapering and interest rates. Growth stocks and big tech saw the biggest losses, while cyclical sectors benefited. Some new fears of lockdowns around Omicron may also have contributed to the sell-off. Notes Ideas always welcome in the comments. Errors will be...

drewby4321

Summary: Markets pivoted to the upside after Jerome Powell's statements confirmed that the Fed changed its stance on inflation. Bond purchase tapering will complete in March, and we can expect three quarter-point interest rate hikes in 2022. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in...

drewby4321

Summary: Indexes moved lower for a second day as investors await the result of the Fed meeting on Wednesday. The Producer Price Index recorded its biggest increase since 2010, signaling more inflation on the horizon. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: Fears over Omicron renewed caution as investors also anticipate the Fed meeting occurring this week. Defensive sectors gained for the day while all major indexes declined. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Monday, December...

drewby4321

Summary: Consumer Price Index data was about what analysts expected, avoiding any big surprises in the morning. Now investors await the Fed meeting next week to determine how officials will respond to soaring inflation. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: Now that Omicron fears seem behind us, investors' focus turned to inflation and how the Fed might react if Consumer Price Index data is higher than expected. That caused investors to move into defensive positions on Thursday ahead of the CPI report due on Friday. Notes Ideas always welcome in the comments. Errors will be amended as comments on...

drewby4321

Summary: Major indexes marched higher today as confidence grows among investors that Omicron is not as dangerous as initially thought. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Wednesday, December 8, 2021 Facts: +0.64%, Volume lower,...

drewby4321

Summary: Investors rushed back into risk assets as more assurances came from experts that Omicron might spread faster but have less severe symptoms. The drugmaker GlaxoSmithKline also reported that their antibody-based COVID-19 therapy is effective against the new variant. Notes Ideas always welcome in the comments. Errors will be amended as comments on...

drewby4321

Summary: Whiplash moves in the market driven by Omicron fears continued today. Optimism gained over the weekend as doctors reported mild symptoms for Omicron cases, and it seems vaccines are still effective against the new variant. The positive outlook helped drive markets higher today. Notes Ideas always welcome in the comments. Errors will be amended as...

drewby4321

Summary: Omicron fears continued to drive a volatile week while investors tried to understand the impact of mixed employment data on Fed bond purchase tapering. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Friday, December 3, 2021 Facts: ...

drewby4321

Summary: Markets bounced back from the Omicron fear-driven declines this week. The gains were broad across the market, sending all S&P 500 sectors higher. Yet, there is still progress to be made before investors can feel comfortable. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my...

drewby4321

Summary: Fears over omicron continued to put pressure on markets, despite optimism that drove a morning rally. Not only did the US find its first case of the new variant, but the Fed's Jerome Powell signaled that inflation might not recede next year as previously thought. The two caused markets to give up early gains and decline further. Notes Ideas always...

drewby4321

Summary: Lower consumer confidence and elevated Omicron fears sent stocks lower while Jerome Powell piled on with news of an accelerated bond tapering timeline. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, November 30, 2021 Facts:...

drewby4321

Summary: Investors reassessed the risks of the new Omicron variant and determined the impact may be less than initially thought on Friday. Equities rose while bond yields declined. All S&P 500 sectors gained for the day, despite gains not being broadly shared across individual stocks. Notes Ideas always welcome in the comments. Errors will be amended as...

drewby4321 Updated 

Summary: Few stocks avoided the sell-off on Friday as investors fled the market on fears of a significant new variant of the Coronavirus. Treasury Yields dropped as money moved from equities to bonds. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=-...

drewby4321

Summary: Mixed economic data caused a dip in the morning before indexes reversed and mostly closed higher. Trading volume was significantly lower on the day before the Thanksgiving holiday. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- ...

drewby4321

Summary: Big tech and growth stocks continued their slide on Tuesday as Treasury Yields rise in anticipation of action from the Fed on inflation. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- Tuesday, November 23, 2021 Facts: -0.50%,...

drewby4321

Summary: After setting new record highs in two indexes, markets sold off quickly, ending the day with losses after President Biden decided to give Jerome Powell another term as the Fed Chairman. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. -=x=-=x=-=x=-=x=-=x=-=x=-=x=- ...