About: anakin
Recent Posts by anakin
Market Focus U.S. markets were closed on the 17th in observance of Dr. Martin Luther King day and markets will resume trading on the 18th. The benchmark U.S. 10 year treasury yield edged higher to 1.811% and the 30 year treasury yield also edged higher to 2.14%. China released its fourth quarter GDP for 2021Continue Reading
Written on January 18, 2022 at 12:43 am
Categories: Today's Analysis
Market Focus The broad U.S. equity market close the week mixed. The Dow Jones Industrial Average retreated 0.56% to close at 35911.81, the S&P 500 gained 0.8% to close at 4662.85, and the Nasdaq composite gained 0.59% to close at 14893.75. This week marks the beginning of earnings season, as companies release Q4 results fromContinue Reading
Written on January 16, 2022 at 11:37 pm
Categories: Today's Analysis
Market Focus In two economic data releases on Thursday, the PPI rose 0.2%, well below expectations and down from a 1.0% gain in November. In the labor market, weekly jobless claims unexpectedly rose by 23,000, with economists citing the effect of the Omicron variable. The three major indexes ended lower on Thursday, with the NasdaqContinue Reading
Written on January 14, 2022 at 2:12 am
Categories: Today's Analysis
Market Focus The consumer price index rose 0.5% in December, slightly above expectations, taking the year-over-year consumer price index increase to 7% through December, in line with expectations and the fastest pace of growth since 1982. A drop in longer-dated U.S. Treasury yields on Wednesday also helped for most stock sectors. A sharp rise inContinue Reading
Written on January 13, 2022 at 12:17 am
Categories: Today's Analysis
Market Focus The broad U.S. equity market rebounded last night as Federal Reserve chairman Jerome Powell smoothed tightening fears across markets. The Dow Jones Industrial Average gained 0.51% to close at 36252.02, the S&P 500 gained 0.92% to close at 4713.07, and the Nasdaq composite gained 1.41% to close at 15153.45. The benchmark U.S. 10Continue Reading
Written on January 12, 2022 at 12:55 am
Categories: Today's Analysis
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