By Mike Larson On June 23, 202106:00 AM Eastern
Where’d you go, good old Uncle Jay?
That’s what Wall Street was left asking after Federal Reserve Chair Jerome Powell threw markets for a loop with his post-Federal Open Market Committee (FOMC)...
By Jon D. Markman On June 22, 202103:41 PM Eastern
It looks as though traders are not willing to give much back from Monday’s huge advance. The Dow, S&P 500 and Nasdaq have gained a head of steam toward session highs after earlier weakness.
I...
By Alex Benfield On June 22, 202103:00 PM Eastern
I’m sure you’ve already seen the action in the market today. Bitcoin (BTC, Tech/Adoption Grade “A-”) has fallen six out of the last seven days. This morning, it looked poised to add to that...
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By Jon D. Markman On June 22, 202102:10 PM Eastern
After several days of frantic selling and worry about the health of the domestic economy, traders seem to have had an epiphany … they overreacted. Oopsie.
The Dow Jones Industrial Average (DJIA)...
By Sean Brodrick On June 22, 202110:45 AM Eastern
We’re going to grab fat gains on the second half of your Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) position and add a new energy pick.
Here’s what to do to ring the cash register on...
By Mike Larson On June 22, 202108:00 AM Eastern
Over the last few years, Wall Street grew accustomed to Federal Reserve Chair Jerome Powell acting like friendly “Uncle Jay.” He could always be counted on to keep rates low and money printing...
By Jon D. Markman On June 22, 202106:28 AM Eastern
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Schedule: Next week, I am heading down to our house in Mammoth Lakes, Calif., for a midsummer working vacation. We will probably reduce publication to just two or three days per week if...
By David Dittman On June 22, 202106:00 AM Eastern
The Federal Open Market Committee (FOMC) shook markets last week with its policy statement for June, as the specter of inflation seemed to rouse the central bank’s hawks.
St. Louis Federal...
By Marija Matic On June 21, 202103:00 PM Eastern
China’s crackdown on mining and trading has made the price of Bitcoin (BTC, Tech/Adoption Grade “A-”) bearish.
Bitcoin failed to break through its overhead resistance at $42,000 last week and...
By Jon D. Markman On June 21, 202102:40 PM Eastern
Following losses last week of 1.9% for the S&P 500, stocks opened today with a bang. There has been a good snap-back rally for cyclical issues and modest buying in big capitalization technology...