Stocks broke a five month winning streak, closing the month of August with a small decline. The S&P 500 (SPY) fell 1.7% in August. The Dow Jones Industrial Average (DJ) fell 2.5%. The tech-heavy NASDAQ 100 (QQQ) fell 2.2%. Why Were Stocks Down? I see two primary...
Stocks extended their monthly winning streak to five in July, driven higher by better than expected economic growth and better news on inflation. Here are the returns for the month and the year of key indices. The S&P 500 (SPY) was up 3.2% in July and is now up...
The first half of 2023 is over and stocks delivered a very solid performance. -The S&P 500 (SPY) was up 16% in the first half of the year. -The Dow Jones Industrial Average (DOW) was up 3%. -The NASDAQ 100 (QQQ) gained 40%, its best first half since 1983. -The...
Stocks have been on a roll in June, delivering an impressive string of gains in the last few weeks. In the last month, the S&P 500 (SPY) is up 4% and the tech-heavy NASDAQ 100 (QQQ) is up 8%. With more gains in hand, stocks are having a great year. The S&P 500...
The S&P 500 (SPY) just logged another strong month, gaining more than 3% in May and early June on a resolution of the debt ceiling and a better than expected jobs report. The NASDAQ 100 (QQQ) led the way again, up 10% in the last month. The Vanguard Global Stock...
Without question the hottest sector in technology and probably the entire stock market is Artificial Intelligence (AI). The catalyst came in November of 2022 when Open AI released its revolutionary chatbot called ChatGPT. ChatGPT was a quantum leap forward from...
