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Daily Stock Pick: August 27th, 2021

Stocks edged higher this morning in anticipation of remarks from Fed Chair, Jerome Powell.  Investors will be looking for signs pointing to when the central banks will begin to cut back its $120 billion monthly emergency bond purchases, possibly this year.  Volatility can be expected if there...
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Daily Stock Pick: August 26th, 2021

Wall Street was cautious this morning as investors await comments from central bank speakers today and tomorrow.  Key remarks from Fed Chairman Jerome Powell are slated for Friday.  Investors will be tuned in for comments about tapering or timing for interest rate hikes.     Concern...
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Daily Stock Pick: August 25th, 2021

Stocks were little changed this morning after another record high for the Nasdaq.  After a four-day winning streak, the Nasdaq broke 15,000 for the first time yesterday, bringing its YTD gains to more than 16%. Online sales have been boosting revenues of a few...
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Daily Stock Pick: August 24th, 2021

Stocks were looking to add to yesterday’s gains this morning.  Investor sentiment was boosted by FDA vaccine approval hopes, optimism around the Fed’s Jackson Hole Symposium, and some new signs of policy support in China.  Tech shares were higher in early trading. Notably, as...
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Daily Stock Pick: August 23rd, 2021

Stocks were looking to start the week in the green this morning as Wall Street awaits existing home sales data.  We know that the red hot housing market has been cooling off, today we’ll get a clearer picture of exactly how much and where.  Data is expected...
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