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Investors Appear To Be Buying FAANG Names As 10-Year Yield Under 1.7%
Thursday, April 8, 2021 - 9:47am | 1594Megacap tech-related stocks could end up being the story today as the broader market seems well supported but without a catalyst to make big moves higher. The FAANG names—Facebook, Inc. (NASDAQ: FB), Apple Inc (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN),...
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April Outlook: Bond Yields And Vaccine Progress Could Prolong Growth Vs. Value Battle
Friday, March 26, 2021 - 1:51pm | 2625The battle of the bands that’s played all year—growth vs. value—could keep blasting away in April as investors ponder rising Treasury yields, a reopening economy, and a Fed that’s staying on the sidelines. It’s a bit of a tug-of-war. So far, value is having more fun...
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Friday's Market Minute: Market In Transition
Friday, March 26, 2021 - 9:22am | 408The market continues to relentlessly price in going back to normal at some point this year. Most forecasters on Wall Street are fixated on the short-term prospects of higher US economic growth following mass vaccination and the new $1.9 trillion recovery package. Wall Street also remains in wait-...
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Market Eyeing Afternoon Treasury Auction As 10-Year Yield Falls Below 1.6%
Thursday, March 25, 2021 - 10:20am | 2210One of the market themes that’s been emerging as the vaccination rollout continues and economic optimism improves is that investors have been switching out of growth stocks and into names that stand to benefit as the economy recovers. While that’s beneficial for the likes of the ...
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Unhappy Anniversary: A Year After Pandemic Collapse, Market Looks Ahead To Q1 Earnings
Tuesday, March 23, 2021 - 10:04am | 2384A year ago today marked the very bottom of the Covid selloff as the S&P 500 Index (SPX) plunged below 2200. That was down more than 35% from the all-time high just a month earlier, and things looked gloomy, to say the least. If anyone then had told you then that in a year we...
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Choppy Trading Possible Over Next Two Days While Market Awaits Fed Verdict
Tuesday, March 16, 2021 - 9:39am | 2480If things get choppy today, you can probably blame the Fed. Their meeting gets underway soon and we could have a bit of turbulence between now and tomorrow afternoon when Fed Chairman Jerome Powell addresses the media. Everyone is waiting pretty much on the edge of their seats to hear what,...
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Tug Of War Continues Between Growth And Value, With Lower Yields Boosting Tech Early
Thursday, March 11, 2021 - 10:48am | 2231A year ago today, the pandemic slammed home for millions of Americans as the professional basketball season got suspended with some games halfway through and others about to tip off. Covid ended up being sort of the ultimate Black Swan, or exceptional event, for the markets. It was something...
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Momentum Halt: Overnight Rally Fizzles After 10-Year Yield Climbs Back Above 1.6%
Monday, March 8, 2021 - 11:00am | 2742Friday’s momentum melted away like snow in the March sun. Then it appeared to come back, at least for parts of Wall Street. The Nasdaq (COMP) isn’t one of them. Things didn’t start out all over the place like they are now. Major indices initially rose in sync during the...
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More Pressure On Tech Sector To Start Day, With Apple, Microsoft Both Lower
Thursday, March 4, 2021 - 10:41am | 2386The “tug of war” between investors and the Fed continues, with the Tech sector taking the brunt of the blow. Major indices are in the red again this morning with the Nasdaq (COMP) on pace to post its third-straight losing week for the first time in about six months. Rising...
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Direction Hard To Find As Market Keeps Chopping Ahead Of Key Jobs Data
Wednesday, March 3, 2021 - 11:08am | 2122Looking for direction this week? Consider buying an atlas, because the market isn’t providing much. Up big on Monday, down sharply yesterday, and mixed today. It’s a choppy pattern, and we’ll discuss lower down why this might be happening. Meanwhile, it’s a morning without...
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Tesla, Apple Getting Pounded Since Late January, But Energy, Financials Showing Life
Friday, February 26, 2021 - 10:57am | 2044After yesterday’s heart-wrenching finish, the question is whether things can recover a bit before the weekend. It looks like the bleeding has slowed, but a lot depends on what happens in the bond market. All eyes remain on the 10-year Treasury yield, which rose as high as 1.6% yesterday...
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'Tech Check' Continues, With Apple, Tesla Under Pressure Ahead Of Powell Testimony
Tuesday, February 23, 2021 - 11:22am | 2344Today’s a big day for Fed watchers. So is tomorrow. Meanwhile, the “Tech check” continues with selling overnight hitting mega-cap stocks in that sector. We’ll talk more about Tech below. First, Fed Chairman Jerome Powell begins his semi-annual testimony to the Senate...
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Earnings Season Continues With Walmart, Deere Among This Week's Headliners
Tuesday, February 16, 2021 - 11:19am | 2281The market is putting its best foot forward to start the week, but that doesn’t mean caution has left the room. There’s a sense of continued progress on the COVID-19 front, with the vaccination pace gathering steam and many health experts expecting the rate to improve. When you add that...
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FAANGs' Final Fling: Amazon, Alphabet Wrap Up Earnings Season For "Mega-Caps" Later Today
Tuesday, February 2, 2021 - 10:45am | 2424The big story last week was a dramatic spike in volatility. Today, that appears to be unwinding quickly, perhaps lending some initial strength to the stock market. Futures on the major indices are advancing in the early going, and the Cboe Volatility Index (VIX) has moved back to the...
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Tough Close To A Rough Week: Change In Tone Despite Strong Apple, Microsoft Results
Friday, January 29, 2021 - 6:02pm | 2464You could argue that the market spooked itself this week. Now it wasn’t as if there weren’t external reasons for the downturn. Between worries about slow vaccine rollout, weak European economic data, the appearance of the South African variant of the virus here, and a few disappointing...