Tag: Recession

Markets Rally, Earnings Better Than Expected – Weekly Update

August 1, 2022 | By Steven DiGregorio

Stocks Rally on Earnings It was an inauspicious start to the week after a big-box retailer missed earnings and reduced forward guidance on Tuesday, sparking a broad market retreat. But sentiment improved following mega-cap technology company earnings that proved better than expected. Enthusiasm gathered steam in the wake of the Fed’s 0.75% rate hike, boosted […] READ MORE


Stocks Rally Despite Mixed Data – Weekly Update

July 11, 2022 | By Steven DiGregorio

Stocks Move Higher In advance of Friday’s much-anticipated employment report, stocks enjoyed successive daily gains despite ongoing concerns about a recession. Recession fears were supported by an inversion in the yield curve and updated second-quarter Gross Domestic Product projections indicating the economy is ready to contract. Technology shares were the week’s big winners as investors […] READ MORE