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US stocks end mixed as rotation trade reverses today

  
Analysis, US Market
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Nasdaq higher. S&P and Dow lower.

The rotation out of the Nasdaq and into the S&P and Dow was reversed today. The Nasdaq is the big winner. The Dow is the big loser and the S&P is in between those two indices.
  • Russell 2000 has its worst week since January
  • NASDAQ has its 4th weekly loss in 5 weeks
  • Dow post 2 day losing streak Dow, S&P, NASDAQ all down on the week
The final numbers area showing:
  • Dow industrial average -234.33 points or -0.71% at 32627.97
  • S&P index -2.36 points or -0.06% at 3913.10
  • NASDAQ index up 99.066 points or 0.76% at 13215.23
  • Russell 2000 rose 19.95 points or 0.88% at 2287.53
For the week:
  • Dow industrial average fell -0.46%
  • S&P index fell -0.79%
  • NASDAQ index fell -0.77%

US Market : Stocks close near session lows. Nasdaq plunges over 3%

  
Analysis, US Market

Nasdaq breaks 3 day up streak

The US stocks are closing near the session lows with the Nasdaq leading the way. The tech heavy Nasdaq plunged over 3% lower and snapped a 3 day up streak. The other indices all closed lower as well.
The final numbers are showing:
  • S&P down -58.66 points or -1.48% at 3915.46
  • Nasdaq down -409.03 points or -3.02% at 13116.16
  • Dow -153.20 points or -0.46% at 32862.17.
The catalyst for the move lower was higher rates one day after the Chair Powell tried to reassure the market that the Fed would tolerate higher inflation and growth estimated to be as high as 6% in 2021.  The bond market did not buy the argument, however, and moved up as high as 1.7526% for the 10 year, before coming back down to 1.717% currently.

Dow and S&P close at record levels. NASDAQ erased its earlier declines

  
Analysis, US Market
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Major indices off highs as well

The Dow and S&P indices both closed at record highs after Fed Chair Powell and Fed continue to steer the soft policy course with not a lot of concern for inflation and expectations for stronger growth.
The final numbers are showing:
  • S&P index up 11.41 points or 0.29% at 3974.12. The high reached 3983.87. The low extended to 3935.74.
  • Nasdaq up 53.63 points or 0.4% at 13525.20. The high reached 13595. The low extended to 13272.69
  • Dow rose 189.42 points or 0.58% at 33015.37.  The high reached 33047.58. The low extended to 32782.18
some big gainers today included:
  • Alcoa, +7.72%
  • Celsius, +6.37%
  • Crowdstrike holdings, +6.18%
  • Transmedic, +5.91%
  • Draft Kings, +5.21%
  • General Motors, +5.15%
  • United Airlines, +4.43%
  • Roku, +4.31%
  • AMC, +3.92%
  • Micron, +3.72%
  • Tesla, +3.71%
  • Marriott, +3.56%
  • General Electric, +3.5%
  • Rackspace, +3.5%
  • Boeing, +3.26%
  • Caterpillar, +3.16%
  • American Airlines, +2.82%
big losers today included:
  • Uber, -4.25%
  • First Solar, -2.81%
  • Black Knight, -2.06%
  • Rocket, -2.0%
  • Under Armour, -1.71%
  • Palantir, -1.56%
  • FireEye, -1.49%
  • Rite Aid, -1.46%
  • CVS, -1.35%
  • Dollar Tree, -1.27%
  • Walgreens, -1.08%
  • target, -1.03%
  • Chewy, -1.0%
  • Mastercard, -1.0%
  • Intuit, -0.94%
  • Stryker, -0.93%
  • Snowflake, -0.78%
  • HomeDepot, -0.77%

Is there a stock market bubble and will it crash soon?

  
Analysis, US Market

What are the signs saying?

Royal Worried about a stock market crash? Are stocks overheated? When will the bubble pop? Suddenly you see your portfolio crashing down as a series of economic events and malinvestments build up and get realized into simple price action. A bubble builds up with hype and euphoria feeding its growth up until the time comes when the bubble bursts and the crash materializes. Despite the burden of a crash, a bunch of professional investors wait for such opportunities to cease above average returns. They have enough discipline and foresight to look ahead and anticipate that after a crash, a perfect timing to buy does exist, giving their portfolio a skewed return on investment.When the pandemic first hit the world last year, financial markets and most asset classes took a huge hit, triggering a short-lived bear market. The stock market fell by an approximate 20% and a global economic recession followed. However, after the sharp nosedive in March of 2020, the market began a subtle recovery. All indices rose again, euphoria took a seat again, and by December 31, the stock market had regained all its lost ground. (more…)
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