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Equity markets tried to rebound on Thursday, but the move was weak and short-lived. The S&P 500 gained about a half percent at the session's high but closed the day with a loss of 0.35%. The move may turn into a deeper rout today following the NFP report. If it aligns with labor data released...
Published 01/05/24
Equity markets fell for the 2nd trading day in January, marking the start of what could become a significant contraction for the S&P 500. The index shows signs of topping below critical resistance with a growing consensus that January will be a hard month for mega-cap stocks. Names from Apple...
Published 01/04/24
Equity markets kicked off the 2024 trading year on a sour note, with the S&P 500 falling about 1% at the session low. The move is partly due to a downgrade for Apple that shaved more than 4.25% off of its price. Barclays downgraded the stock to Underweight, citing concerns about hardware...
Published 01/03/24