Hard for Bard

Market scorecard Last night US markets were mixed. The broader S&P 500 was slightly lower as regional banks continued showing signs of strain, while the Nasdaq closed higher after Google showcased its artificial intelligence tools. Google shares are up 11.3% in the last week, which is fantastic! In other company news, JD.com shares rose 7% …

Because Aesop Is Worth It

Market Scorecard Stocks edged lower on Tuesday, after fresh economic data suggested that the US labour market is slowing. The S&P 500 was dragged down by shares of financial and industrial heavyweights. According to a report from the US Labor Department called the Job Openings and Labor Turnover Survey (JOLTS), vacancies at US employers declined …

The Lion Sleeps Tonight

Market Scorecard On Thursday, the stock market in the US went up. This was thanks to comments from Fed officials that they might pause their interest rate hiking sometime soon. Yada yada yada! Maybe we will have something else to say about these daily moves one day? In actual company news, Tesla dropped 5.9% after …

From Musk Til Dawn

Market Scorecard US markets were mixed yesterday after 2023 started on a positive footing, driven by signs that inflation may be slowing. The S&P 500 was up 1.5% before giving up those gains. Thankfully, the Nasdaq closed in the green, our favourite colour. We're eagerly waiting for the US inflation print that will come out …

Toodle-oo 2022

Market Scorecard This is our last newsletter for 2022. It's been a very tough year for investors, and we thank you for gutting it out. Our daily messages will resume in mid-January, but we will be working when markets are open, so if you need us we are always contactable via email. US markets were …

Bet The House

Market Scorecard On Friday US markets rose sharply, helping stocks on Wall Street have their best week since June. The three major indices were all higher by almost 5% last week. It seems to us (dyed-in-the-wool optimists) that investors are starting to look beyond this period of aggressive monetary tightening by the Fed. In company …

Be Reliable

Market Scorecard After a promising start to the day, US markets closed lower last night. The S&P 500 swung from a gain of more than 1% to a loss of 0.8% in the end. US treasury bond yields hit their highest level since 2009. However, the thing that really stands out during this earnings season …

Electric Picks Up

Market Scorecard US markets slid on Friday after a relatively strong jobs number. A robust labour market means the Fed has room to continue hiking rates. However, the indices remained up for the week, after three straight weekly losses. The Dow advanced 2% for the week, while the S&P 500 added 1.5% and the Nasdaq …

Bad Influence

Market Scorecard US stocks jumped higher again yesterday, extending their solid start to October. The S&P 500 is up 5.73% in the last two days, its biggest back-to-back rally in more than two years. Academic studies have shown that if you are out of the market on the best up days, you have horrible returns. …

Crude Profits

Market Scorecard US markets extended their winning streak last night. Maybe we will never go down again, like that legendary prizefighter from the 1950s, Rocky Marciano. Nine of the S&P 500's eleven sectors rose, with consumer staples and utilities leading the gains. Commodity prices are falling, including oil and copper, on concerns that demand from …