(18 March 2024) US stocks slipped lower last week as hot inflation data and continued strength in the labor market dimmed hopes for interest rate cuts. The S&P 500 ended the week fractionally lower at 5117 while the Nasdaq-100 fell 1% to 17,808. This bearish outcome was generally in keeping with expectations as I thought the Saturn-Pluto and Saturn-Rahu alignments would give the bears the edge this week, especially given the short term Mercury-Ketu and Mars-Moon alignments. But while the weekly outcome was negative, the size of the pullback was disappointingly modest.
Investors appear to be hedging their bets ahead of this week’s FOMC meeting. In that sense, any downside we are seeing here can be understood as normal skittishness...
(26 February 2024) Stocks rebounded last week as investors piled into AI-related stocks after the Nvidia earnings report. The S&P 500 added more than...
(17 December 2023) US stocks rallied again last week as the Fed Chair Jerome Powell delivered a long-awaited pivot towards cutting interest rates. The...
(10 December 2023) US stocks pushed higher last week as Friday’s strong jobs report provided more evidence for a market-friendly soft landing. The S&P...
(26 November 2023) Stocks extended the rally last week as dip buyers continued to dominate the market given the bullish Thanksgiving holiday seasonality. The...