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What Happened this Week?

The Bulls were back in business this week. The S&P 500 recovered the previous week's losses and then ended the week with its highest price for 2023. The bears had an influence after the Federal Reserve's hawkish pause soaked in, but economic data shifted that influence back to the bulls claiming a bull market.

Jerome Powell was front and center to start the week as he took questions from congress members for two days. Investors were ...

Here's a quick June review: June 2023 closed up 6.47%.

From 1960, June 2023, ranked as the 2nd best of 64 Junes placing it in the Top 3%. Of the past 762 Months, it ranked 54th, placing it in the Top 7%. This is the 4th consecutive month we’ve closed up.



Historically, July is one of the worst performing of the 12 Months. It is the 1st of the worst 3 Months, the 2nd of the worst 4 Months, and the 3rd of the worst 6 Months of ...

Here’s a quick Q2 review:

Q2 2023 closed up 8.30%.

From 1960, Q2 2023, ranked as the 10th best of 64 Q2s placing it in the Top 15%. Of the past 254 quarters, it ranked 48th, placing it in the Top 20%. Each of the past three quarters have closed up more than 7%.

NOTE: All candlestick charts are the Monthly S&P 500.



Historically, Q3 is the worst performing of the four quarters.

It has ...

A stronger than expected GDP and fewer jobless claims, combined with end of quarter window dressing and a positive holiday bias, and the stock market took it and ran and we got another rally. The Nasdaq was flat as the 2nd quarter leader may have seen some selling while the lagging, but still very positive for the quarter, Dow, S&P 500, and small caps had a much better day. The I-fund also lagged because the dollar jumped on the stronger economic data, and bonds were down sharply as yields ...

Stocks chopped around quite a bit on Wednesday as money managers jockey for position in what they call window dressing before the end of the quarter. The indices were mixed by the close but up sharply at times, and down at others, closing somewhere in the middle. The dollar rallied adding some pressure to the larger multi-national companies, as well as the I-fund's international stocks, while smalls caps led with a solid gain, which was interesting since regional banks were down again. Bonds ...