July 28th, 2023 The Dow had the longest, daily winning streak record in its sights but ultimately fell just short following Wednesday’s rate announcement by the Fed. While the Dow failed to match the 14-day record set in 1897 – just a year after the index had been created with an initial 12 stocks – the…
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July 21st, 2023 Like a Texas heatwave, the Dow Jones Industrial Average continued its hot streak this week. The index has now risen for 10 consecutive days – its best daily winning streak since 2017. Better than expected Q2 earnings and resilience in consumer spending helped push the Dow higher. Although we’re still early in…
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July 14th, 2023 Encouraging inflation figures this week helped bulls brush off last week’s hotter than expected ADP jobs report. June’s CPI report showed overall inflation declined to 3.00% year-over-year, moving it closer to the Fed’s target level and potentially alleviating some pressure on future interest rate hikes. Investors also received positive news on the earnings…
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