LEIBOVIT VR NEWSLETTERS – MONDAY – JUNE 17, 2024 – DIVERGENCE IN THE RUSSELL AND DOW TRANSPORTS AND NEGATIVE CYCLICAL PATTERNS FLASH CAUTION – DESPITE NVIDIA AND APPLE WHICH ARE BULL TRAPS
https://www.howestreet.com/2024/06/ai-mania-still-driving-stocks-higher-mark-leibovit/
DANGER DANGER WILL ROBINSON
U.S. Stocks Close Little Changed But Post Strong Weekly Gains
Stocks saw modest weakness throughout much of the trading session on Friday but recovered to end the day roughly flat. The tech-heavy Nasdaq bounced back and forth across the unchanged line before eventually ending the session at a
record closing high.
While the Nasdaq crept up 21.32 points or 0.1 percent to 17,688.88, the S&P 500 edged down 2.14 points or less than a tenth of a percent to 5,431.60 and the Dow dipped 57.94 points or 0.2 percent to 38,589.16.
For […]
LEIBOVIT VR NEWSLETTERS – FRIDAY – JUNE 14, 2024 – CAVEAT EMPTOR AS THE MANIA PERSISTS LIMITED TO A COUPLE OF STOCKS. DANGER, DANGER WILL ROBINSON!
https://www.howestreet.com/2024/06/ai-mania-still-driving-stocks-higher-mark-leibovit/
DANGER DANGER WILL ROBINSON
Following the lackluster performance seen early in the session, stocks continue to show a lack of direction in afternoon trading on Thursday. The major averages have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are narrowly mixed. While the Dow is down 112.30 points or 0.3 percent at 38,599.91, the S&P 500 is up 3.44 points or 0.1 percent at 5,424.47 and the Nasdaq is up 30.17 points or 0.2 percent at 17,638.61.
The choppy trading on Wall Street comes despite the release of U.S. economic data that seemed likely to add to optimism about the outlook for interest rates.
While the data may have generated some hopes […]
