February 20th, 2023 Falling bank profits, slowing tech growth, and mounting layoffs combined to deliver a weekly loss to investors. Coming into the year, Q4 2022’s earnings season was anticipated to be a rough one. Overall earnings for the S&P 500 were expected to decline -2.80%. Excluding the energy sector, the picture was even bleaker with…
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January 6th, 2023 Bulls closed the first trading week of 2023 on a high note, pushing the Dow Jones Industrial Average up 700+ points on Friday. Lighter wage gains in the December nonfarm payrolls report and an unexpected contraction in the services sector helped spur investors off the sidelines on hopes slowing economic growth will…
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December 16th, 2022 Hopes were dashed for a year-end Santa rally as a series of economic reports painted a mixed outlook for the economy. Markets rallied early in the week as November’s CPI report showed inflation shifting lower month-on-month, bringing some much need relief to inflation-weary consumers. However, the market’s momentum stalled on Wednesday as…
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