drewby4321

drewby4321

Summary: Employment data on Friday showed a better-than-expect labor market with Payrolls far exceeding the forecast. The strong labor market opens the door for the Fed to continue its aggressive rate hikes to control inflation. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: Markets had a fourth day of gains for July, starting off the month green as analysts continue to judge if and when a recession will hit. Wells Fargo says the recession is already here. 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: Investors' reaction to the Fed's meeting minutes from June resulted in a choppy indecisive day for the market. The US Dollar continued to climb against the Euro. 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, July 6, 2022 ...

drewby4321

Summary: The Euro fell sharply and Oil plunged to nearly $100 a barrel on fears of recession. Growth stocks rose as investors price in a possible reaction from the Fed to soften the landing for the economy. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: The first day of the second half of the year saw markets rise after dipping in the morning. However defensive stocks still lead with the Utilities sector on top. Treasury yields fell throughout the week, falling again on Friday. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my...

drewby4321

Summary: Markets closed the worst first semester in over 50 years with another decline, falling on concerns over economic growth and corporate debt concerns. 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=- Thursday, June 30, 2022 Facts: -1.33%,...

drewby4321

Summary: GDP for Q1 was revised lower while investors are trying to calculate what possible moves the Fed will make to combat a recession. 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, June 29, 2022 Facts: -0.03%, Volume higher,...

drewby4321

Summary: Consumer Confidence data shocked investors as it hit a 16-month low and raised worries over slower economic growth. 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, June 28, 2022 Facts: -2.98%, Volume higher, Closing Range: 1%,...

drewby4321

Summary: After one of the best weekly gains of the year, the index kicked this week off with a pullback. Growth stocks led stocks lower, but small caps held onto gains for the day. 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, June 27,...

drewby4321

Summary: Big tech and growth stocks recovered some of the heavy losses from Thursday's selling. The bounce comes at the end of one of the worst weeks in the market since the start of the pandemic. 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: The Fed increased interest rates by 75 basis points as many expected after last week's inflation data. Initially, the market dipped, but then a rally came after Jerome Powel's comments following the rate hike. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: A wait-and-see day ended with a further dip across the market, but a bounce in technology stocks helped the Nasdaq end the day with a gain. Investors' full attention is on the Fed's rate-hike decision on Wednesday. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: Markets capitulated in grandiose style with eleven stocks declining for every advancing stock on the Nasdaq. Both stock and bond prices dropped sharply as worries about inflation grew. 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,...

drewby4321

Summary: Inflation data came in worse than expected sending stock and bond prices falling. 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, June 10, 2022 Facts: -3.52%, Volume lower, Closing Range: 5%, Body: 85% Red Good: Lower volume...

drewby4321

Summary: Sellers took charge again as investor fears over inflation took hold ahead of the Consumer Price Index data due on Friday. 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=- Thursday, June 9, 2022 Facts: -2.75%, Volume higher, Closing...

drewby4321

Summary: Indexes finished lower on Wednesday as investors fret over a slowing economy and wait for inflation data to come later this week. 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, June 8, 2022 Facts: -0.73%, Volume higher,...

drewby4321

Summary: Stocks advanced on Tuesday while more analysts continue to emerge with conflicting messages over the economy. Some say a recession is already here. Others say it's yet to come. Will it be big or small? Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...

drewby4321

Summary: Indexes faded from an early morning rally as bond yields rose sharply. Chinese stocks rose on optimism after the Chinese government said they would conclude an investigation into Didi later this week. Notes Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog. ...