“Nasdaq’s Impressive 34.1% Gain in the 8 Months Leading Up to Labor Day, Its Best Performance Since 2003” As Labor Day approaches, it’s worth noting that the U.S. stock market, as well as the approximately $25 trillion Treasury market, will be closed on Monday, September 4th, in observance of the...
The year 2023 began with a remarkable 21% surge in the S&P 500 during the initial seven months. However, the momentum was abruptly halted by the August downturn. Historical trends indicate that both August and September historically pose challenges for stock markets, with macroeconomic hurdles still in the picture. ?...
Early on Wednesday, U.S. stock index futures experienced a slight softening as the ongoing rally took a brief pause, coinciding with a minor uptick in Treasury yields. Here’s a snapshot of the current status of stock-index futures: In the preceding session, the market performed as follows: Market Dynamics: The U.S....
The disappointment of August for stock investors shouldn’t catch anyone off guard. With a history of being the second-worst month for the S&P 500 over the last 35 years, August’s lackluster performance is no anomaly. And September hasn’t always been smooth sailing either. After the tumultuous ride of 2022, some...
The U.S. stock market had an eventful week, breaking its streak of three consecutive losses amid a backdrop of volatility. The period was characterized by significant developments, including Nvidia’s earnings announcement and the much-anticipated speech by Federal Reserve Chief Jerome Powell at the annual Jackson Hole symposium in Wyoming. However,...
The S&P 500 Index (SPX) reached a peak near 4600 in late July, marking the start of a downtrend that persists. Recently, it faced a significant test of support around 4330, and this support held firmly. According to this measure, the bull market remains intact on the SPX chart. While...
