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Daily Update

Jobless Claims Plunge To 52 Year Lows

Jobless Claims Plunge To 52 Year Lows

By Michael Lebowitz and Lance Roberts | Nov 26, 2021 | Daily Market Commentary
As we show below, Initial Jobless Claims plunged to a level last seen in 1969. This indicator is yet another signal the jobs market is fully or near fully recovered. San Franc...
The NASDAQ Is On A Losing Streak

The NASDAQ Is On A Losing Streak

By Michael Lebowitz and Lance Roberts | Nov 24, 2021 | Daily Market Commentary
The NASDAQ was lower by over one percent at lunchtime but cut its losses in half toward the end of Tuesday's trading. Had it held on to its losses, mimicking Monday's 1% decli...
Did Jerome Powell Just Mark The Market Top?

Did Jerome Powell Just Mark The Market Top?

By Michael Lebowitz and Lance Roberts | Nov 23, 2021 | Daily Market Commentary
President Biden renominated Fed Chairman Jerome Powell for another four years as the head of the Federal Reserve. Jerome Powell is proving to be one of the more dovish members...
The Euro Tumbles as Covid Cases Surge

The Euro Tumbles as Covid Cases Surge

By Michael Lebowitz | Nov 22, 2021 | Daily Market Commentary
The Euro continues to tumble versus the dollar as Covid cases in Europe are spiking. Austria declared they are going into lockdown and mandating vaccines. Other nations will l...
FAANG Stocks Keep The S&P 500 Afloat

FAANG Stocks Keep The S&P 500 Afloat

By Michael Lebowitz | Nov 19, 2021 | Daily Market Commentary
Thanks to the FAANG stocks, the S&P 500 and NASDAQ were higher on the day. AMZN (+4.15%), AAPL (+2.85%), and GOOGL (+1.22%) led the charge for the FAANG stocks. Most other...
The Next Big Shock

The Next Big Shock

By Michael Lebowitz and Lance Roberts | Nov 18, 2021 | Daily Market Commentary
Fed's Williams says "we must think about how to shore up the Treasury Market so it can better endure the next big shock."
Crypto’s Crash and Stocks Head Higher

Crypto’s Crash and Stocks Head Higher

By Michael Lebowitz and Lance Roberts | Nov 17, 2021 | Daily Market Commentary
"Crypto's Crash," says some financial news headlines. The reality is Bitcoin, Ethereum and others are down about 10-15% in the last few days. The word "crash" may se...