Insights, Delivered Daily.

Back to square one. Stocks posted a mixed close yesterday with the S&P500 breeching an all-time high which it achieved just 126 days ago… before the pandemic. Homebuilders are building homes like crazy and lawmakers are zeroing in on a “skinny” stimulus bill.

Drip, drip, drip. Stocks posted another mixed close as certain sectors race ahead leaving others stuck in the mud. Housing is booming while manufacturing languishes and technology… everyone needs technology.

Lost steam. Stocks fizzled on Friday with a mixed close in response to mixed economic numbers and a lack of congressional action. Consumers are still buying things, but not as much as in prior months.

Almost is not good enough. Stocks slipped yesterday, missing an opportunity to rise above break-even as lawmakers take a long weekend break to contemplate their lack of progress on a stimulus package. Unemployment showed some signs of a turn-around but it was not enough to rouse the market bulls.

99 days later. Stocks rallied yesterday going from lows to almost-new highs in just 99 days. The cost of living is ticking up which is encouraging for stocks but not so much for consumers.

Chemical reaction. Stocks gave up ground yesterday, pulled down by tech shares in a day of mixed news. Russia claims to have a vaccine, despite a lack of broad trials, small businesses are optimistic about hiring in the future, producer prices tick up, and Congress continues to sleep on the job.