A Story Worth Telling

05/10/24 • 6 min

One thing is clear: Investors are still in good shape. The rally continued with a series of low-volume gains this week. The Dow rose 8 straight days for the first time this year. The 5% sell-off in April has all but been erased. The Dow, S&P and NAS are less than 1% away from their all-time record highs reached last month. Sector participation has definitely broadened, and Tech has not been the leader...

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April Showers Bring May Flowers

After April brought showers to the Stock Market, sliding more than 4%, the first week of May brought flowers with Markets rallying nearly 2% to start the month. Volatility has certainly picked up and I'll get into the why. I can't recall a busier week of market-moving key economic reports, Central Bank news-driven flow, fiscal announcements, and earnings all being released in a 5-day period...

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Dow 40K and Beyond - Another Rapid Rundown

The Stock Market hit a fresh, all-time high this week. The S&P 500 cleared 5300 for the first time. The Dow reached a new, major pinnacle of 40K. The rally continued. All that seemed to matter to the Market was that Fed Chair Powell signaled the next rate move will, in all likelihood, be down, and not up. It was off to the races for stocks with a historic Friday finish. There's nothing like some big round numbers to get the Bulls excited. Hats and champagne were present on the floor of the exchange. No matter how you slice it, the continued strength for stocks is quite impressive...