After quite a disappointing week for the broader market, several very beaten-down names in the S & P 500 could soon be due for a trading bounce, according to one popular technical metric. All three major U.S. indexes ended the week in the red, with the Nasdaq notching its worst week since April. Investors have…
My top 10 things to watch Sept. 24, Wednesday 1. The S & P 500 was looking at a slightly higher open this morning after breaking a three-session winning streak. Tech stocks, which had been a drag on yesterday’s market, were looking better this morning. The S & P 500 closed Monday at a record…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…