Daily Market Commentary

Stocks reversed nicely after the sell off at the opening bell. The Dow was down over 700-points at the lows but closed down just 129-points. The S&P 500 snuck into positive territory near the close and the Nasdaq led with a big gain erasing the morning losses. A breakout to the upside in the dollar helped push oil down below $100 a barrel, and we continue to see commodity prices fall, which is certainly a break from the inflationary trend. The weaker economic data is also helping bonds push ...

Stocks started the 2nd half of 2022 with some nice gains as we headed into the 3-day holiday weekend. The Dow gained 322-points, small caps led on the upside, and the I-fund lagged because of strength in the dollar and the late gains in the U.S. market. Bonds are coming back to life as they threaten a breakout to the upside. So the 3rd quarter starts with a nice gain, but it looks like Q2 will end like Q1 with a 2nd negative GDP making it look more like the first half was in a recession so the ...

The 2nd quarter ended with a thud, and while we all know there were a lot of issues in the first half of the year, the action yesterday included some end of quarter window dressing, positioning for the 3rd quarter, and a pre-holiday impact, and the volatility could continue today. The Dow lost 254-points but it was really all over the place yesterday and that just happens to be where it landed when the bell rang. Bonds rallied as yields dropped, and commodities continue to slide as the economy ...

Stocks were mixed after a very choppy day of trading. The Dow posted a modest gain of 82-points, while the S&P 500 and Nasdaq were down slightly, but small caps took a 1% loss. The dollar was up, which has been a headwind for stocks, but yesterday oil gave up an early gain to close negative, and that may have helped stocks move off their lows.

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Stocks opened higher yesterday, but it turned into a Turnaround Tuesday as the opening 1% gain vanished quickly and that triggered a stampede for the exits. The Dow lost 491-points, and the 79-point loss in the S&P 500, along with the 12-point loss on Monday, nearly erased all of Friday's monster rally. It lost 2% on the day, as did the small caps fund. The Nasdaq lagged with a near 3% decline.

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