by rogerscott | Jun 15, 2023 | Daily Videos, Market Analysis
The Federal Reserve has spoken, and the Nasdaq is down over 100 points premarket Thursday — that’s not random! We had Kroger earnings this morning before the open, and Adobe after the close. We also have jobless claims, which came in basically unchanged at 262,000 —...
by rogerscott | Jun 14, 2023 | Daily Videos, Market Analysis
It’s going to be an interesting day in the market… We have the latest Federal Open Market Committee interest rate decision coming at 2 p.m. ET, followed by comments from Fed Chair Jerome Powell at 2:30 p.m. We also just got the Producer Price Index inflation report,...
by rogerscott | Jun 13, 2023 | Daily Videos
The Consumer Price Index data released this morning showed inflation rose at the slowest annual rate in two years for the month of May, sending futures higher. The CPI rose just 0.1% for the month, bringing the year-over-year number down ro 4%. The number was 0.4%...
by rogerscott | Jun 12, 2023 | Daily Videos
The Nasdaq is up pretty big for a Monday, and we have some fairly big earnings reports coming this week… There aren’t a lot of companies left that still have to report, but Oracle Corp. (NYSE: ORCL) goes today, and Adobe Inc. (Nasdaq: ADBE) on Thursday,...
by rogerscott | Jun 9, 2023 | Daily Videos
Algo traders have been hitting energy, industrial and real estate sectors while tech has plateaued. Meanwhile, jobless claims have risen, which may lead to the Federal Reserve holding off on raising rates. Initial claims came in at 261,000, which means the jobs market...