Tag Archives: Inflation

Your Weekly Blip 5/24/21

The Markets,Stocks continue to show volatility which appears to have been started with a 60% drop in the price of bitcoin and rippled through equity markets. The bottom line however is the Dow continues to trade at the 34,000 level with support at the 50 day moving average. Gurus are expecting continued volatility for the…
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Your Weekly Blip 5/10/21

The Markets,The “reflation trade” is alive and well as stogy Dow stocks continue to find favor while the tech heavy NASDAQ struggles. At the close today the Dow lost 32 points after trading up triple digits to close at 34,745. For last week the Dow bolted higher out of a tight trading range and rose…
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Your Thursday Blip 3/11/21

The stimulus bill passed the House yesterday and is headed to President Biden’s desk where he will sign it Friday in what it will be known in history as “trillion-dollar Friday”. Stocks are responding with new highs as the Dow closed out today’s session with a gain of 188 points at 32,485. Trading volume was…
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Your Thursday Blip 3/4/21

Markets took a tumble after Federal Reserve Chair Powell said he expects economic reopening to cause inflation but added that price increases will not be enough to cause the Fed to raise short term interest rates. During the day the Dow traded in positive territory thanks to strength in value stocks but at the close…
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