Rod Skyles: The Unconventional Economist Stocks and Bonds The S&P 500 is attempting to complete an 8-day win streak on Friday, as the bellwether index has recovered to near record highs. While there is plenty of bad or even scary economic news out there, stocks continue to climb the “wall of worry” to new highs,…

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Rod Skyles: The Unconventional Economist Stocks and Bonds Stocks are staging a strong rally early Friday on a weaker than expected employment report, which comes after a Thursday rally on news the Fed did not plan to raise rates soon. While three to four Fed rate cuts in 2024 have been priced into the market…

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Rod Skyles: The Unconventional Economist Stocks and Bonds (and Economy) Friday has begun with stocks soaring after big earnings news from tech giants Microsoft and Alphabet (Google). Alphabet also announced board approval for a $70 billion stock buyback, which added fuel to the positive fire of the earnings surprise. Stock buybacks reduce the number of…

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Rod Skyles: The Unconventional Economist Stocks and Bonds Equity markets have sold off all week, especially higher performing tech stocks, driving the S&P 500 back below the 5,000 mark in early Friday trading. I did not intend for my remark last Friday on the growing instability in the Middle East to portend an attack by…

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Rod Skyles: The Unconventional Economist Stocks and Bonds Stocks have struggled this week over inflation news along with gold and oil prices continuing to price in Middle East tensions. If you remember, stocks in late September last year were trading down near 4,000 on the S&P 500 and have risen about 20% on the expectation…

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Rod Skyles: The Unconventional Economist Stocks and Bonds Stocks are recovering Friday morning after a tough week that will send the major indices lower for the week. While the last 6 months has seen almost exclusively up weeks, the markets are now worried that inflation is not whipped, with gasoline prices up about 40% year…

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