The First Week of 2023 is in the Books! The stock market soared Friday, capping off the first week of trading for 2023 after the latest U.S. employment result showed a decline in the number of jobs added. That’s good news for the Federal Reserve—and investors. The Dow Jones Industrial Average jumped 701 points, or … Read more
Yes of course you’re going to get a “Happy New Year” from us… But let’s not make a big deal out of it… Ok? Today’s message is going to be short and sweet… Here’s to you… Now let’s get a few things out of the way.. Instead of focusing on all of the “New Year’s … Read more
What Does “Bah, Humbug!” mean? Actually? In Charles Dickens’s 1843 story A Christmas Carol, Ebenezer Scrooge exclaims “Bah! Humbug!” in reference to Christmas. As he famously hates the holiday, it’s easy to assume that “Humbug!” is just an expression used to convey dislike for something popular. In fact, thanks to the cultural impact of the … Read more
The absence of a Santa Claus Rally on Wall Street tells us nothing about the stock market’s prospects in 2023. The U.S. stock market has done just as well following holiday seasons when there is no Santa Claus Rally as when there is. Stocks fell this week in the wake of the Fed’s 50 basis … Read more