December 17th, 2021 ‘Twas nine days until Christmas and all through the Street, traders were hoping for another winning week. The stage had been set for a run to new highs with retail sales showing holiday shoppers continuing to buy. Chairman Powell dashed hopes for a Santa Claus rally, when the Fed announced that it…
Read More
December 10th, 2021 With 14 trading days left in 2021, bulls wasted no time in turning markets around from last week’s Omicron-fueled sell-off. The bullish sentiment on the Street was driven by early data on the Omicron variant signaling the variant causes mild symptoms and the current arsenal of Covid vaccines provide a high degree…
Read More
December 3rd, 2021 Traders barely had time to settle into their seats following the Thanksgiving holiday before a new Covid variant and Fed policy shift flustered markets. Just as shoppers were heading to the stores on Black Friday, South African scientists sounded the alarm on a new Covid-19 variant, formally classified as B.1.1.529 – or…
Read More