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Daily Market Note (157)

Daily Market Note | Siebert Financial Corporation (“Siebert”) has a full range of brokerage and financial advisory services offered through its operating subsidiaries, affiliates and brands associated with Siebert Financial described below (157)

Daily Market Note

The $900 Billion Dollar Pyramid

The $900 billion dollar pyramid. Stocks climbed yesterday on good economic news about employment and the services sector. Senators are talking again and again which has many investors hopeful that a stimulus package will be passed… soon.
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Daily Market Note

Are We There Yet?

Are we there yet? Stocks eked out a small gain yesterday as Senate leaders poured on the charm in an attempt to move stimulus talks forward. The first monthly jobs report missed estimates yesterday and showed a monthly decline in new private sector hires.
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Daily Market Note

Adrenaline Rush

Adrenaline rush. Stocks jumped higher yesterday in hopes that new stimulus talks may result in… some much-needed stimulus. Traders ignored weak manufacturing data which missed expectations but still signaled expansion.
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Daily Market Note

Nap Time

Nap time. Stocks took a pause yesterday after racking in a month of record returns. A weak housing number and a missed PMI added to the negative sentiment in the session.
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Daily Market Note

In The Black, Friday

In the black, Friday. Stocks rallied to new highs in Friday’s abbreviated session. Early results from the holiday shopping season appear encouraging while a continued rise in virus cases… not so much.
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Daily Market Note

Taking Numbers

Taking numbers. Stocks soared yesterday as the Dow Jones Industrial Average topped the mysterious, magical 30,000 level. Exuberance was plentiful after it was reported that President-elect Biden selected former Fed Head Janet Yellen as his candidate to head the Treasury while President Trump’s...
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