• The broader market held steady near record highs as the Dow gained 246.76 points, up 0.68%, the Nasdaq shot up 1,11%, and the S&P inched up just a little more than two thirds of a percent.
• Apple crossed above the 3 trillion market cap threshold during the day for the first time ever. Note that this took place as investors are questioning whether the market is becoming too dominated by a handful of Tech giants.

• The Dow closed at all-time high territory, advancing over 214 points while the S&P touched a new record though closed below it, while the tech-heavy Nasdaq saw a heavy downward rejection from the top, falling 1.35%.
• Data on manufacturing activity and labor conditions support the idea that the economy is spring-loaded to re-accelerate soon.

• If the last month saw a robust Santa Claus rally, then today just marked its end.
• The Dow fell 392 points, down 1.07%; the S&P fell moderately lower almost two percent, while the Nasdaq plunged a painful 3.12%.
• The Federal Reserve sent shockwaves through the market with its latest minutes, namely the comments some members made that the central bank may need to find a faster path to raising rates. That, as you can guess, was a problem for Wall Street.

• Taking a breather from yesterday’s elevator ride down, the Dow and the Nasdaq fell around 0.4%, while the S&P declined by a mere 0.10%.
• It appears that investors are rotating out of Tech and into Finance, Industrial, and Energy sectors.
• There’s a growing sense that omicron may slow the economic recovery but NOT derail it; hence the turn toward economically-sensitive sectors and industries.

• Wall Street continues its rout, but not by too much.
• The Dow ended the day slightly unchanged, down a mere 0.01% while the S&P (down 0.40%) and the Nasdaq (down 1%) did a bit worse.
• There was a lot of confusion about the December jobs report: the US added 199,000 jobs well below economist expectations of 422,000. BUT the unemployment rate fell to a better-than-expected 3.9%. Well, chew on that. 

• It was a mixed day on Wall Street as investors show some resilience in BTFD (aka Buy the F*#!ing Dip) territory; or at least, it seems that way.
• The S&P closed -0.14% with a strong show of technical support while the Nasdaq ended UP 0.14% showing the same “bottoming” pattern. The Dow was the weakest performer, falling 162 points, or -0.45%.
• Goldman Sachs upped their rate predictions to 4 hikes this year, sending shivers down Wall Street’s spine; JP Morgan’s Jamie Dimon, on the other hand, said there’s nothing to worry about, as the underlying economy is in good shape and he’d be surprised if the Fed only raised 4 times.

• Optimism appears to be building up as all three indexes advance from yesterday’s lows.
• The question is, are we about to see a resumption of the bull trend or is this a so-called “bear market rally”?
• The tech-heavy Nasdaq was the top performer, rising 1.47; the S&P came in second, rising by almost a percent; the Dow was down over 300 points but ended the day up 183 , or half a percent by today’s close.
• Jerome Powell was reconfirmed today as Fed Chair where he reaffirmed the need to reign in the central bank’s balance sheet. But he also eased investors’ fears by promising a highly visible path toward tapering and rate hikes.

• Another mixed and seemingly undecided day on Wall Street as bullish conviction began to show signs of weariness and doubt. 
• The Dow and S&P were today’s gainers, but both well below a third percent; the Nasdaq lost nearly 0.40% for this underwhelming session.
• A red hot inflation report came in as it matched analyst expectations of a 7% increase in consumer prices year over year. 7%...ouch, that’s the biggest rise we’ve seen since 1982.

• If you guessed that the last two sessions comprised a bear rally set up, today might have confirmed it.
• The Dow fell 176 points, the S&P lost 1.42%, and the Nasdaq took the brunt of the blow, down 2.57%.
• Tech drove the markets downward (a rotation?) while airlines surprisingly did well; a sign that investors expect omicron’s impact to ease amid a strong economic recovery.
• Although omicron may “slow” but not “derails” the economy, the wild card remains inflation along with the Fed’s response.

• A mixed day on Wall Street as investors try to drive forward the market’s upward momentum (or at least stall its fall) to end the week.
• The Dow was the only loser, giving up ground by 201 points; the S&P and Nasdaq gained, 0.08% and 0.75% respectively.
• Wage growth has become a hot and somewhat controversial topic as some analysts are beginning to warn of a potential wage inflation “spiral,” where companies have to raise prices to keep up with wage increases, further increasing the cost of living which is eventually met by…(drum roll) demand for another round of wage hikes.

• Remember the “buy the dip” territory we saw on January 10? Well, the markets plunged past the buy point, taking out critical support today.
• The Dow took the least punishment today but still saw a nerve racking plunge of 543 points. The S&P declined 1.84% (a 10% decline from its record high); the Nasdaq took a -2.57% hit.
• Despite the Tech carnage, the broader market “overall” is only 5% from its peak; but will that be enough to resume the uptrend? That’s what investors are likely thinking.

• And the doom and gloom continues with all three indexes giving back a percent, give or take.
• Unnerving bond yield action likely played a role in today’s selloff as the 10-year just barely touched 1.9% (a two-year high).

• The opening weeks of 2022 may be one of the worst market performances in recent history as all three indexes slide by another percent, more or less.
• There was plenty of “green” on the screen but traders eventually decided it lacked conviction, as the recent price bump might have been nothing more than a snapback from oversold conditions.

• It’s a third day of declines straight across the board as Wall Street begins to wonder where the market bottom might be.  
• Investors seem fixated on trying to figure out how many rate hikes the Fed may make to rein-in inflation. 
• Overall, it’s a deflating end to a seemingly damaging week in the markets.

• The volatility today was historic with the Dow plunging more than 1,000 points before ending the day up 99 points; the S&P bounced back 0.28%; and the Nasdaq gained the most by a modest half percent.
• This marks the worst session in the stock market since the Covid Crash of March 2020.
• No doubt that the uncertainty surrounding the Fed heading into its two-day meeting is what caused today’s market action.
• Wall Street isn’t expecting any rate hikes until March, but still…the uncertainty and its effect on the markets is, apparently, unnerving.

• Another topsy turvy consolidation day as investors try to gauge the landscape of coming Fed rate hikes, rising inflation, and omicron uncertainties.
• The Dow stayed somewhat silent, down only 66 points; the S&P lost 1.22%; the Nasdaq fell 2.48%.
• Investors are looking at technicals, hoping that the markets won’t break below yesterday’s lows. While the markets didn’t do that today, investors will be focusing on the market action from here on, as that critical support level will determine market sentiment in the days to come.

• No rest for the weary as the wild week rolls on.
• The Dow rose as much as 500 points, then dropped as low as 400 points and ended the day down 129. Meanwhile the S&P shed 0.15%, while the Nasdaq, today’s outperformer, gained 0.17%.
• The Fed ended its meeting with Jerome Powell signaling the central bank’s priority on putting a lid on inflation.The big headline was when he said there’s plenty of room to raise rates without dampening employment.

• It was another wild day on Wall Street with the Dow swinging 700 points only to close down 7. The S&P lost half a percent, while the Nasdaq fell over a percent. 
• Fourth quarter GDP gave us a blowout beat, lifting stocks, but then the markets went south when investors digested a disheartening inflation indicator coupled with earnings concerns, where shortages and higher input costs are making it difficult for companies to meet demand or to keep a lid on prices.

• A dizzying week finally comes to a close as Friday ends in the green.
• The S&P, up 2.44%, is having its worst January since 2009; the Nasdaq, up 3.22% today, is having its worst January on record; and the Dow, after dropping over 300 points, closed on session highs, up 564 points.
•  There’s one more trading day to close the month of January, and market action informs us that investors may be betting on the recovery despite omicron fears, as travel, online shopping, and big energy names jump.

• Stocks are bouncing back for a second day as Wall Street wraps up a rough month.
• Still, January is on pace to become the worst month since March 2020.
• The Fed indicated last week that it will be raising rates to combat inflation.
• It appears as if Wall Street has priced in at least five quarter-percentage-point rate hikes for the year. Let’s see if investors are correct in their estimate.