ChartWatchers

June 2024

ChartWatchers

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Stock Market's Choppy Action Continues: Focus is on Jobs Report, Powell Speech

by Jayanthi Gopalakrishnan

The stock market's theme this week seems to be indecision. This could continue until Chairman Powell speaks and the June payrolls number comes out next week... Read More 

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Bank Stress Tests: What They Mean for Your Portfolio

by Jayanthi Gopalakrishnan

How well can the country's biggest lenders hold out in an economic catastrophe? The Federal Reserve's annual bank stress test reveals the answer. On Wednesday (June 26, 2024), the results of the bank stress tests were released... Read More 

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Tech Stocks Take a Breather: Is Now the Best Time To Buy the Chip Dip?

by Jayanthi Gopalakrishnan

Who would have thought a mid-week break would halt the stock market's winning streak? Maybe the hot PMI reading leaked, or traders and investors felt the stock market was getting so toppy that it was time to take some profits from the high flyers... Read More 

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Analyze This: Will the Dow Soar or Crash in 2024?

by Karl Montevirgen

The Dow Jones Industrial Average ($INDU) may not be the comprehensive measure of the US economy it once was in the early 20th century... Read More 

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Stock Market Pushes Higher, But Is There a Bond Market Surprise Brewing?

by Jayanthi Gopalakrishnan

Well, the awaited CPI came in cooler than expected. The stock market liked what it heard, and equities rallied. So did bond prices. Later in the day, the Fed announced its interest rate decision, which, as expected, was unchanged... Read More 

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S&P 500 Still Bullish: This Is What You Should Watch For

by Jayanthi Gopalakrishnan

It was a bit of a seesaw week in the stock market, but, overall, the market seems to think everything is looking good. The May employment report indicated that the change in Non-Farm Payrolls (NFP) was stronger than expected... Read More