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Stocks started the new week the way they ended last week - down. Unlike Friday however, this time it was a broader sell off as the small caps got hit as well. The Dow lost another 433-points, and we saw similar percentage losses in the S&P 500 and Nasdaq. On the bright side, the indices came off their lows to close ...

Stocks have been acting very odd of late. It's not very common to see the Dow lose over 500-points on a day where the Nasdaq is flat and the small caps are up 1%, which is what happened on Friday. It's been more of a tennis match as the returns keep switching with the Dow flat on Thursday while the Nasdaq and the small caps were down 2% plus. The dollar grinded higher all day, which hurt the I-fund, while bonds rallied and yield slipped down again.

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Economic Calendar


-- Intrepid Timer

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This week was centered around the Federal Reserve and their FOMC meeting. The Fed has finally acknowledged inflation as the greatest threat to the economy that is not going to fix itself. Leading up to this meeting members, including Fed Chairman Jerome Powell, suggested the Fed would shift its plans and speed up its tapering process to make room for more rate hikes next year if necessary. Stocks sold off in the days leading up to the press conference where the FOMC would come public with decisions ...

Stocks opened higher on Thursday but the rally didn't last long as the bears decided to pounce on an opportunity to sell the big rally off of Wednesday's wild Fed day. The Dow only lost about 30-points, but the broader indices like the Nasdaq and small caps were beaten down again. Yields sank so bonds were up, and the dollar broke down from its formation.

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