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MarketBeat Minute

By: MarketBeat Minute
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  • Summary

  • A daily recap of the stock market news by the MarketBeat editorial staff. Each market day you'll get a one-minute market summary to help you invest wisely.
    © 2024 MarketBeat Minute
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Episodes
  • MarketBeat Minute(2022-12-30)

    MarketBeat Minute(2022-12-30)
    Dec 30 2022
    Equity markets rebounded strongly on Thursday but investors should not read too much into the move. The gains were driven by holiday trading and not any news or change to the fundamental outlook. As good as the near 2.0% gain is for the S&P 500, it left the index far short of key levels needed to signal truly bullish behavior.

    The outlook for 2023 is as mixed as it has ever been. While the economic data continues to show underlying strength, the rise of inflation and FOMC interest rates remains a shadow that will weight on sentiment for the foreseeable future. If the market's fears are realized and there is a deep recession the S&P 500 will likely move much lower before the end of 2023.
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    1 min
  • MarketBeat Minute(2022-12-29)

    MarketBeat Minute(2022-12-29)
    Dec 29 2022
    Equity markets started to slip on Wednesday due to a lack of buyable news. This week is not only the Holiday trading week but it is also the depths of the earnings mid-cycle which means very little corporate news is available. What there is, isn't hopeful as many CEOs and CFOs are bracing for what could be a deep recession in 2023.

    The caveat for investors is that even the downturn on Wednesday is suspect due to the holiday week. With trading volume so low and so little in the way of catalysts no market movement should be taken seriously. It won't be until next week when the market comes back to work and starts the new year that tradable signals will begin to appear. Until then, prepare for the worst and expect the best.

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    1 min
  • MarketBeat Minute(2023-10-26)

    MarketBeat Minute(2023-10-26)
    Oct 26 2023
    Equity markets continued to sell off on Wednesday following stronger than expected New Home Sales. The pace of new home sales surged in September as prospective buyers tried to front higher interest rates. The news would otherwise be good equities but reveals sustained demand in the housing market that will underpin high home prices and inflation. The S&P 500 shed nearly 1.5% at the low of the session, setting a new low, and it appears ready to move lower again later this week.

    The next 2 days will be trying for equity markets. The Q3 GDP read, September retail sales, and the PCE price index are due, and all are expected to be hot. In this scenario, the FOMC will keep interest rates high, and the risk of additional increases grows. Recent comments from JPMorgan CEO Jamie Dimon suggest that another single 25 basis point hike will be insufficient to cap inflation, and multiple hikes are still ahead. The odds that the FOMC will break something in that scenario are insurmountable.
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    1 min
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