Category: Uncategorized
-
May 17, 2024
Rod Skyles: The Unconventional Economist Stocks and Bonds Stocks broke to new highs this week as consumer spending was flat for April. The NASDAQ hit a new high, the S&P 500 briefly broke above 5.300, and the big news, the Dow topped 40,000 for a bit on Thursday. I remember attending a speech by investment marketing guru…
-
May 10, 2024
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,…
-
May 3, 2024
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…
-
April 26, 2024
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…
-
April 19, 2024
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…
-
April 12, 2024
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…
-
April 5, 2024
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…
-
March 29, 2024
Rod Skyles: The Unconventional Economist March 29, 2024 Stocks and Bonds Stocks finished off the first quarter of 2024 in record fashion, as both the Dow and the S&P 500 closed the quarter at all-time highs. The Dow inched closer to the 40,000 mark, reminding me of a pundit from the 1990’s who was ridiculed…
-
March 22, 2024
Rod Skyles: The Unconventional Economist Stocks and Bonds Spring is officially here, and stocks continue their climb upward. We usually quote the S&P 500 numbers here, and that index did hit several new highs this week, but today the focus is on the Dow as it is ever so close to 40,000. In March of…
-
March 15, 2024
Rod Skyles: The Unconventional Economist Stocks and Bonds Stocks eased a bit this week, as big tech has struggled for the second week in a row. For the first time in 5 months, the tech-heavy NASDAQ had its second consecutive losing week this week, but down only about 2% from its March 1st all-time high.…
Rod Skyles 