Monthly Archives: September 2023

Looking for a Seasonal Bottom in October

The market lost ground last Wednesday after the September Fed meeting.  The Fed had the same message of “higher and longer” like before.  And the Fed paused as expected.  But the market took the opportunity to selloff to fulfill the promise of September being a bad month for the stock market.  The S&P 500 and DOW both had the August low violated, with the NASDAQ closed near

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Under Weak Seasonal Influence

The market was unfazed last week when the not so great, but no disaster CPI data was released.  If the market sentiment was bearish when the slightly hotter CPI data was released, the shorts would have taken the opportunity to push it down hard.  We didn’t find any evidence of hard selling, but no buying either.  The market is simply waiting out

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The Bad Apple

The dominating headline news was about the Chinese government banning Apples phones for state employees last week.  That sent Apple stock down 6% for the week which also sent the general market down because Apples weighs heavily on indices and sentiment.  The market is concerned about the spillover impact from banning Apple phones.  What if it extends

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The Summer Pull Back is Over

The summer pull back is over.  All three indices pulled off a follow thru day on last Tuesday August 29 to declare the summer pull back is over.  On August 29 morning econ news release, the job opening numbers softened which gave the street the confidence that the Fed is near or at the end of the rate hiking cycle.  The NASDAQ was up 1.74%, S&P 500

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