AAII Sentiment Survey: Pessimism Jumps To Highest Level Since November

Pessimism among individual investors about the short-term outlook for stocks surged in the latest AAII Sentiment Survey. Bullish sentiment decreased 9.0 percentage points to 38.3%. Bearish sentiment was last higher on November 2, 2024. Pessimism is above its historical average for the first time in 24 weeks.

Stocks Give Up Early Gains and are Now in the Red

Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds: What's Driving Markets Thursday?

All major indices were in the green during midday trading in New York on Thursday. S&P 500 index aiming to snap a four-day losing streak. Airline stocks continued their upward momentum, with the U.S. Jets ETF climbing 2.7%. Bitcoin rallied 4% to reach $63,700 ahead of the halving event.

Bearish sentiment above historical averages amid rate cut uncertainty, earnings

Bearish sentiment above historical averages amid rate cut uncertainty, earnings report cards. 34% of individual investors think the market will trend down in the next six months. U.S. Stocks on Wednesday posted a four-day losing streak for the first time since the start of the year.

Stocks Finish Lower on Hawkish Fed and Rising Bond Yields

US stock indexes close mixed on Thursday. S&P 500 and Nasdaq 100 post 1-3/4 month lows. Rising T-note yields pressured stocks on hawkish comments from NY Fed President Williams and Atlanta Fed President Bostic. Overseas stock markets settled higher.

5 Defensive Investment ETF Strategies for Your Portfolio

Treasuries Tumble as Fed Signals Delayed Rate Cuts, Market Volatility Surges

Treasuries and equities fell for a fifth consecutive session, the longest streak of declines since October. Solid economic data and hawkish remarks from Fed officials fueled the sell-off. The 10-year yield climbed to 4.64% and the S&P 500 fell to 5,010.

SPY: Resurgent Inflation, Soaring Yields, Geopolitical Turmoil - 1970s All Over Again?

U.S. Equity market has remained resilient despite resurgent inflation and soaring treasury yields. There is a risk of stagflation similar to the 1970s due to growing conflict in the Middle East. The equity market looks ripe for a correction due to high valuations and impending liquidity withdrawal.

U.S. Housing Market Struggles Continue with Sales Drop and Price Increases

Existing home sales in the US fell by 4.3% in March to a seasonally adjusted annual rate of 4.19 million units. The drop in sales is attributed to rising interest rates and high home prices. The housing market is facing a challenge of affordability. The median existing home price rose to a record high of $393,500 in March.

Weekly Jobless Claims Steady at 212,000 Amid Economic Optimism

U.S. Jobless claims held steady at a seasonally adjusted 212,000 for the week ending April 13. The number of Americans filing new unemployment claims remains low, pointing to continued strength in the labor market. The Federal Reserve is expected to delay interest rate cuts until September.

Solid US Economic News and Strong Earnings Boost Stocks

US stock indexes this morning are moderately higher. Stocks find support from better-than-expected US economic reports. Earnings from Elevance Health and DR Horton boosted health insurance stocks and homebuilders. NY Fed President Williams said there's "no urgency" to cut interest rates. June T-notes under pressure from stronger than-expected jobless claims and Philadelphia Fed reports. Overseas stock markets are higher.

Stocks Pressured by Higher Bond Yields and Chip Stock Weakness

Stronger-than-expected US jobless claims and Apr Philadelphia Fed business outlook survey push T-note yields higher. The Nasdaq 100 falls to a 1-3/4 month low this morning. Overseas stock markets today are higher. Weakness in chip stocks for a second day is weighing on the overall market. Genuine Parts Co. Is up more than +11% after reporting better- than-expected Q2 revenue.

Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What's Driving Markets Wednesday?

The S&P 500 declined by 0.5% in Wednesday's trading session. Bitcoin hit an intraday low of $59,650, down 18% since its peak in March. Investors sought refuge in Treasuries for liquidity, with yields dropping by 8 basis points. The situation in the Middle East remains uncertain.

A Market Plagued By Uncertainty

Market volatility and geopolitical tensions in the Middle East are causing market volatility. China is aiming for a GDP growth of around 5% in 2024. The country has set ambitious growth targets and aims to become a hub of innovation and sustainable development. China's economy has been under pressure for the past year and a half but is expected to recover.

Stocks Post Moderate Losses as Chip Stocks Retreat

S&P 500 and Nasdaq 100 fall to 1-3/4 month lows; Dow Jones Industrials close down to 2-month low. European stock markets settle mixed; China's Shanghai Composite climbs to a 1-week high. Fed Beige Book neutral for stocks as it says economy has expanded slightly. US mortgage applications rose in the week ended April 12.

Stocks Rebound on Positive Q1 Earnings Results and Lower Bond Yields

SPY: Sell Signals Caused By War Uncertainty (Technical Analysis Downgrade)

The market has put sell signals on our charts due to uncertainty in the Middle East. Both daily and weekly charts show sell signals, indicating an end to the bull move in the market. Tom Lloyd Investing Group has gone to cash in our 2024MP Model Portfolio. The market is waiting for war issues to de-escalate in the middle east.

Reflation Trade Is The New Bullish Narrative

Economic reflation is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains. The last time Wall Street focused on the reflation trade was in 2009. Interest rates, gold, and commodity prices have increased in the past few months. The house view for 2024 remains intact.

I'm Thankful For This Pullback. Finally, It's Here

After reaching new highs, the S&P 500 has experienced a sharp pullback but remains significantly above its October 2023 lows. I've been preparing for a market pullback and am happy it has finally arrived. The SPX's short-term uptrend has been breached. I view a steeper pullback as a golden opportunity to reload exposure.

Quiver Morning Wrap

Major U.S. Indexes closed in the red on Wednesday. Downbeat earnings from Travelers, JB Hunt, Abbott Labs, and others weighed on the market. A downturn in chip stocks and a drop in the Philadelphia Semiconductor Index added to the market's woes. United Airlines was a bright spot, surging 12.4% on an upbeat Q2 forecast.