By Josh Hayes on February 1, 2007
Investors were definitely happy to see the Fed leave rates unchanged–even though I am not sure what else they were expecting–and rewarded the stock market with gains across the board. The Fed stated that core pricing pressure subsided, which relieved inflation concerns, and stated that economic growth was firmer and the housing market has stabilized. [...]
Posted in default category | Tagged breadth, consumer confidence, djia, economic growth, housing market, Nasdaq, nassy, NYSE, s trading, service group, small caps, sp 500, stock market, transportation service, wishful thinking |
By Josh Hayes on January 29, 2007
Stocks ended mixed, after a wild day of trading, as traders positioned themselves ahead of the Fed meeting. To me, it just showed that the bulls and bears are both being very stubborn here and are evenly matched. At the close, the SP 600 was up .4%, the Nassy finished up .2%, the DJIA ticked [...]
Posted in default category | Tagged basis point, binge, breadth, bulls and bears, djia, fireworks, intraday, knot, Nasdaq, nassy, NYSE, sp 500 |
By Josh Hayes on January 18, 2007
Stocks suffered a rough day, on Wednesday, as INTC’s pricing battle against AMD weighed heavily on the Nasdaq, with INTC selling off. A weak Fed beige book report and a stronger than expected PPI, more than likely, did not help either. At the close, the Nasdaq led the way on the downside, falling .75%, the [...]
Posted in default category | Tagged breadth, csco, distro, djia, dma, downside, intc, nassy, nice thing, ppi, sp 500 |
