US stock futures and global indexes slumped, suggesting Wall Street’s post-Fed meeting rally not set to last. Futures tied to the S&P 500 dropped 1.9% on Thursday, a day after the broad index rallied 1.5% to end a five-day losing streak. Blue-chip Dow Jones Industrial Average Futures lost 1.5% while Nasdaq-100 futures fell 2.2%, putting … Read more
Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read more
Stock index futures are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and portfolio manager at … Read more
This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February … Read more
Fade the Fed anyone? Stock futures are headed south, following a big Wall Street rally stemming from perceptions Federal Reserve Chair Jerome Powell and co. may be less hawkish than markets think. A short-lived rally will not be a huge surprise to some. After all, we’ve got 99 problems out there that aren’t exactly in … Read more
Investors are trying to regroup following the worst month since the pandemic, and Friday’s session that ended with the Dow tanking nearly 1,000 points and the S & p 500 pushing back into correction territory. All eyes are on this week’s monumental Fed meeting, where a 50 basis-point rate hike is on the cards – … Read more
To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P 500 booked its worst start to a year, through the first four months of 2022, in over 80 years, … Read more
To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P 500 is on track for the worst start to a year, through the first four months of 2022, in … Read more
Turnaround Tuesday is looking wobbly, as stock futures slip ahead of big earnings from Microsoft MSFT and Alphabet GOOGL, after the market close. Those results could provide a fresh catalyst for market direction after Monday’s mega reversal that some aren’t trusting. Also wary these days is RTM Capital Advisors’ chief investment officer, Mark Ritchie IIwho … Read more