Tag: Wall Street

Before we get to our market analysis, we’d like to wish you a Happy Thanksgiving. May it be a blessed day of family, fun, and food. As for stocks, the market has meandered lower since bumping against technical resistance at...

Who knew that 7.7% year over year inflation was a good thing for stocks? Apparently, it’s what the Wall Street doctor prescribed as the Dow Jones Industrial Average jumped more than 1,000 points on the “cooling” inflation numbers. Anybody who...

It’s a horrible environment for mortgage companies. Interest rates are rising fast, mortgage applications and mortgage companies’ stock prices are way down. It’s enough to make you want to throw up if you are a shareholder in a mortgage company. ...

It’s just too much money to ignore in a quiet week of insider buys. Charter Communications, Inc. (CHTR) Director Eric Louis Zinterhofer purchased 27,202 shares at $374.04 for a total investment north of $10 million. (1) It’s the director’s first...

We keep wanting to go bullish, but the market won’t let us. Just when the NASDAQ looked like it was about to fly past its 50-day moving average and say bye-bye to resistance, the Federal Reserve raised rates. At first,...

Rising interest rates aren’t good for home buyers or refinancers, or credit card debtors, but they are good for banks. You see, banks get to borrow money at very low interest rates and then loan out the money at higher...

Wall Street showed some life last week, finishing the week in the plus column for the first time in a while. Despite gains, insiders played it cautious as buyers mostly stayed on the sidelines. The insider purchase that lit up...

It sure looks like Wall Street wants to take stocks up. The NASDAQ pivoted higher after setting a 52-week low, sold off after the initial rush higher, and then the index lifted again with a higher low. Higher cycle lows...