All posts by Todd Mitchell

January Lows in Focus

The stock market was down for the third-straight session on Tuesday as Wall Street continues to monitor ongoing tensions between Russia and Ukraine. Putin authorized the deployment of Russian troops into two breakaway pro-Moscow regions in eastern Ukraine while Biden imposed sanctions that target the Russia-backed separatist regions. As far as economic news, the consumer […]

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Bears Get Second-Straight Weekly Win

The stock market extended prior losses on Friday to close a second-straight week in negative territory as geopolitical tensions continued to weigh on sentiment. Fed speak was also in focus after Bank of New York President John Williams said rate hikes may not have to begin with as big a bang as some have suggested. […]

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Geopolitical Concerns Fuel Selloff

The stock market tried to rebound on Friday but moved sharply lower in afternoon action following increased concerns over Russia taking military action against Ukraine sooner rather than later. The U.S. National Security said there were signs of Russian escalation at the Ukraine border and that it was possible that an invasion could take place […]

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Dow Recovers 50-Day Moving Average

The stock market showed continued strength on Wednesday with Tech stocks leading the way following upbeat earnings reports and a pause in rising interest rates. Specifically, the benchmark 10-year U.S. Treasury yield slipped from multi-year highs reached in the previous session, helping sentiment. The Nasdaq finished on the session high of 14,490 (+2.1%). Key resistance […]

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US Trade Deficit Rises to $859.1 Billion in 2021, Largest on Record

The U.S. trade deficit increased in December as imports surged amid the restocking of shelves by businesses, culminating in the largest shortfall on record in 2021.The Commerce Department said on Tuesday that the trade deficit rose 1.8% to $80.7 billion in December. Data for November was revised lower to show a $79.3 billion gap instead […]

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Volatility Recovers 50-Day Moving Average

The stock market was up on Tuesday following another batch of corporate earnings that helped sentiment. Harley-Davidson (HD) was one of the biggest surprises after the company reported a profit for the fourth quarter versus expectations for a loss. Amgen (AMGN) and Chegg (CHGG) also posted solid gains following quarterly numbers. Meanwhile, the financial sector […]

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Mixed Action to Start the Week

The stock market was mixed on Monday following a choppy session as earnings and renewed Federal Reserve worries weighed on sentiment. The action comes ahead of this week’s Consumer Price Index (CPI) and will likely reveal another sky high print on inflation that could prompt the Fed to assert the more hawkish stance it has […]

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Diesel Shortage Attracts Hedge Fund Attention

Investors have become very bullish about the outlook for gasoline and diesel prices, accumulating some of the largest positions in both fuels for a decade as economies begin their recovery from the coronavirus crisis.Hedge funds and other money managers purchased the equivalent of 16 million barrels in the six most important petroleum-related futures and options […]

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Bulls Bounce Back

The stock market regained some of its momentum on Friday as Amazon’s (AMZN) positive quarter highlighted a solid round of earnings. Snap (SNAP) and Pinterest (PINS) also reported better-than-expected numbers to help Tech recover much of its losses from the previous session. The blue-chips were slightly down but all four of the major indexes posted […]

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CNN, MSNBC, NYT, WaPo completely avoid Johns Hopkins study finding COVID lockdowns ineffective

John Hopkins study concludes COVID lockdown policies should be rejected.There has been a full-on media blackout of the new study outlining the ineffectiveness of lockdowns to prevent COVID deaths.According to a Johns Hopkins University meta-analysis of several studies, lockdowns during the first COVID wave in the spring of 2020 only reduced COVID mortality by .2% […]

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