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Ahead of Wall Street: Archive

Mark Vickery

Housing Starts/Permits Healthy, Rally Continues

Housing Starts results brought the best tally since May, and the second-highest print of the year.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

"Pivot Party" Keeps Holiday Season Rolling

The old adage that the year before a presidential election is always best for the stock market has most definitely borne out in 2023.

XNegative Net Change CLFPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

A Full Week with PCE, First Q4 Earnings Reports

It's been an undeniably great year, especially with this late-year rally pulling the Dow and small-cap Russell 2000 along.

CCLPositive Net Change NKEPositive Net Change PAYXPositive Net Change FDXNegative Net Change KMXNegative Net Change

Mark Vickery

Pre-Markets Take Profits to Conclude Momentous Trading Week

Melting inflation with relatively steady employment and increasing productivity have provided a recipe for a "soft landing."

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Markets Stay on a Roll; COST, LEN Beat on Earnings

Economic data has continued shedding excess inflation like a recent prescription of Ozempic can do for one's physique.

COSTPositive Net Change LENPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Economic Data Supports Fed Positivity

We appear to be on the other side of the mountain, and market participants are rejoicing.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Fed Keeps Rates Steady, Infers 3 Rate Cuts in 2024

In just 10 minutes following the release of the FOMC statement this afternoon, major indices all leapt higher.

ADBEPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

PPI Flat Month Over Month, +2.0% Year Over Year

Year over year PPI has come down precipitously, from +9.6% in April of 2022 and +5.7% in January of this year.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

What's the Fed Going to Say About All This Bullishness?

Fed Chair Powell might make quick work of the notion of early 2024 rate cuts in a mere phrase or two.

BANegative Net Change JPMPositive Net Change VPositive Net Change IBMPositive Net Change XOMNegative Net Change ORCLPositive Net Change ADBEPositive Net Change

Mark Vickery

November CPI Roughly In-Line, Pre-Markets Cool

The "Inflation Rate" was directly in-line with estimates for November: 3.1%, down 10 bps month over month, and the one shining beacon of evidence for the narrative that inflation is coming down.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Markets Trade Up Ahead of CPI, Fed Meeting

CPI numbers tomorrow are not expected to spike hotter; even if they do, one set of data points would almost assuredly not be enough for the Fed to consider making a move.

MPositive Net Change ORCLPositive Net Change CASYPositive Net Change

Mark Vickery

Consumer Prices & the Fed Decision

Could Tuesday's CPI (and Wednesday's PPI) augment the Fed's thinking on changing rates?

DRIPositive Net Change COSTPositive Net Change ADBEPositive Net Change LENPositive Net Change CASYPositive Net Change

Mark Vickery

BLS Shows 199K New Jobs; Unemployment Down to 3.7%

This 199K figure is roughly in the median of the past several months, which had been roughly double during the Great Reopening period.

ADPPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Lululemon, Broadcom Beat After-Hours; Jobs Report Tomorrow

Tomorrow morning is the big Employment Situation report, expected to bring in 190K new jobs for November.

ADPPositive Net Change LULUPositive Net Change AVGONegative Net Change

Mark Vickery

Jobless Claims Cool Week Over Week; Pre-Markets Up

After seeing last week's headline Continuing Claims spike up north of 1.9 million, today's number is back down to 1.861 million.

ADPPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

ADP 103K, Productivity +5.2%: Goldilocks-Adjacent

At roughly 100K private-sector job gains per month, we're still on track for a soft landing in the overall economy.

ADPPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

JOLTS Data Tame, Most Indices See Profits Booked

JOLTS results came in lower than expected: 8.7 million domestic job openings fell -617K from the previous month's downwardly revised 9.4 million.

TOLPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Pre-Markets Stay Negative Ahead of JOLTS Report

Today marks the start of so-called "Jobs Week," with Job Openings and Labor Turnover Survey (JOLTS) for October out at 10 am ET.

ADPPositive Net Change AZOPositive Net Change TOLPositive Net Change

Mark Vickery

Small-Cap Russell Leads the Way, Jobs Data to Come

Only the small-cap Russell 2000 managed to stay above zero the entire trading day.

RHHBYPositive Net Change ALKPositive Net Change HAPositive Net Change

Mark Vickery

Pre-Markets Lower Ahead of Big Jobs Week

Without predicting any surprises one way or another, jobs data is expected to remain overall complimentary to a good economy.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Friday Pre-Market Quiets, Indices Slightly Lower

The past month of trading has been extraordinary, with the S&P +7.4%, both the Dow and Russell +7.9% and the Nasdaq +8.1%.

CRMPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Big Day on the Dow, +520 Points; ULTA Beats & Raises

The Dow cleaned up this session: +520 points, +1.47%, led by Salesforce (CRM) coming off its impressive Q3 earnings report yesterday.

BANegative Net Change CRMPositive Net Change UNHPositive Net Change ULTAPositive Net Change

Mark Vickery

Big Inflation Data Morning: PCE, Income & Spending, Jobless Claims

PCE is behaving as well as can be expected, spending and income remain reasonably OK, but longer-term joblessness appears to be a developing economic headwind.

QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change

Mark Vickery

Markets Mixed as November Trading Nearly Over; CRM, SNOW Beat; PVH Mixed

We're now one day from closing out the month of November, and gains to this point have been excellent.

CRMPositive Net Change PVHPositive Net Change SNOWPositive Net Change

Mark Vickery

Pre-Markets Up on Stronger Q3 GDP, GM Surge

General Motors (GM) shares are up a strong +9% at this pre-market hour, as the company announced some new bold steps clearly meant to infuse its stock price.

GMPositive Net Change QQQPositive Net Change SPYPositive Net Change DIAPositive Net Change