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Daily Update

Merry Christmas From Wall Street

Merry Christmas From Wall Street

By Michael Lebowitz and Lance Roberts | Dec 24, 2021 | Daily Market Commentary
Wall Street wished stock investors a merry Christmas on Christmas Eve. The S&P closed Thursday over half a percent higher to set a new record high. Other than a good dose...
Omicron Fears Ease Pushing Stocks Upward

Omicron Fears Ease Pushing Stocks Upward

By Michael Lebowitz and Lance Roberts | Dec 23, 2021 | Daily Market Commentary
Despite the surging number of Covid cases, investors' Omicron fears appear to be easing. It is estimated that three-quarters of Covid cases in the U.S. are of the Omicron vari...
Negative Market Narratives Are Forgotten

Negative Market Narratives Are Forgotten

By Michael Lebowitz and Lance Roberts | Dec 22, 2021 | Daily Market Commentary
Monday's negative market narratives, Omicron, and the failure of Biden's BBB spending package didn't phase investors on Tuesday. Negative market narratives and positive ones a...
Manchin and Omicron and Bears, Oh My!

Manchin and Omicron and Bears, Oh My!

By Michael Lebowitz and Lance Roberts | Dec 21, 2021 | Daily Market Commentary
Senator Manchin and Omicron and bears are weighing on investor sentiment heading into the holiday-shortened week. Sen. Manchin told Fox News Sunday evening that he cannot get...
GM And Ford Are Gunning For Tesla

GM And Ford Are Gunning For Tesla

By Michael Lebowitz and Lance Roberts | Dec 20, 2021 | Daily Market Commentary
GM is now shipping Hummer EV pickup trucks. Ford is halting reservations on its electric F-150 with over 200,000 orders in its queue. GM and Ford have Tesla's domestic market...
Hawkish Fed Policy, On Second Thought, Is That Bullish?

Hawkish Fed Policy, On Second Thought, Is That Bullish?

By Michael Lebowitz and Lance Roberts | Dec 17, 2021 | Daily Market Commentary
It seems the market may have second thoughts about the acceleration of the hawkish Fed policy. Following Wednesday's FOMC statement and Powell's press conference, the market w...
The Fed Doubled Taper Plans and Introduces Rate Hikes

The Fed Doubled Taper Plans and Introduces Rate Hikes

By Michael Lebowitz and Lance Roberts | Dec 16, 2021 | Daily Market Commentary
In a decidedly hawkish statement, the Fed doubled taper plans. Additionally, they plan to hike interest rates three times in 2022 and three more in 2023. Jerome Powell clearly...
Will Chairman Jerome Powell Play the Grinch Today?

Will Chairman Jerome Powell Play the Grinch Today?

By Michael Lebowitz and Lance Roberts | Dec 15, 2021 | Daily Market Commentary
At 2 pm ET, Fed Chairman Jerome Powell and his colleagues will alter monetary policy. High inflation rates and robust employment data leave the Fed little choice but to taper...
High Dividend Stocks Take The Day

High Dividend Stocks Take The Day

By Michael Lebowitz and Lance Roberts | Dec 14, 2021 | Daily Market Commentary
High dividend stocks rose yesterday despite weakness in the major indexes. The weakness in the market was not surprising as we noted in this
Inflation is Running Hot and Investors Don’t Care

Inflation is Running Hot and Investors Don’t Care

By Michael Lebowitz and Lance Roberts | Dec 13, 2021 | Daily Market Commentary
The BLS gave us our monthly reminder that inflation is running hot. CPI is now running at a 6.8% annual pace, well above last month's 6.2% rate. Markets did not seem too bothe...