MarketBeat Minute
699 episodes - English - Latest episode: 1 day ago - ★★★★★ - 3 ratingsA daily recap of the stock market news by the MarketBeat editorial staff. Each market day you'll get a one-minute market summary to help you invest wisely.
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Episodes
MarketBeat Minute(2023-09-29)
September 29, 2023 14:00 - 1 minute - 721 KBEquity markets advanced on Thursday, gaining nearly a full percent at the session's high. The move was spurred by a retreating yield for the 10-year treasury and may indicate a bottom in the market, but investors should not chase prices. The yield on the 10-year treasury retreated, but it is still at historic highs, and there are risks for the market. The #1 is inflation, which is underpinned by higher oil prices. The next major hurdle for the market will come next week. The monthly labor da...
MarketBeat Minute(2023-09-28)
September 28, 2023 14:00 - 1 minute - 721 KBEquity markets tried to rebound on Wednesday but could not hold the gain. Rising oil prices invigorated fear of inflation and sent the markets down more than 0.5% at the session's low. The price of WTI advanced more than 3% at its high for the session and is on the verge of breaking out to a new 1-year high. The yield on the 10-year treasury, a gauge of the direction of interest rates, did advance to a new 1-year high, suggesting the FOMC's work is far from over. Adding to the fear are comm...
MarketBeat Minute(2023-09-27)
September 27, 2023 14:00 - 1 minute - 721 KBThe equity market resumed its selloff on Tuesday as investors brace for the PCE price index. The PCE price index is due on Friday and is expected to show inflation accelerating and point toward another FOMC interest rate hike. The increase in fear is significant because the market is not concerned about a single 25 basis point hike but the possibility of several more hikes. That fear is manifested in the 10-year Treasury yield, which gained about a half percent to move to a new high and the h...
MarketBeat Minute(2023-09-26)
September 26, 2023 14:00 - 1 minute - 721 KBEquity markets tread water on Monday as investors brace for a turbulent week. Few earnings reports or economic releases exist, but Friday will bring the PCE price index. The PCE Price Index is the Fed's favored tool to gauge inflation and is expected to be mixed. The core reading is expected to cool compared to the previous month, but the headline will accelerate. Because the headline is a leading indicator of core inflation, it will point to another interest rate hike this year. In this scen...
MarketBeat Minute(2023-09-25)
September 25, 2023 14:00 - 1 minute - 721 KBEquity markets retreated last week following a hawkish fed statement. The FOMC indicates interest rates will remain higher for longer confirming that a new normal is in place. This normal includes high inflation and high interest rates, ?neither of which is expected to change soon . The next move for the Fed is a probable rate hike.? Oil continues to be a threat to the market. The oil price rose to another new high, and the bulls target $100 per barrel. In this scenario, inflation will accel...
MarketBeat Minute(2023-09-22)
September 22, 2023 14:00 - 1 minute - 721 KBEquity markets pulled back on Thursday following the Fed's Wednesday policy statement. The statement sent the yield on the 10-year treasury shooting skyward to set a new multi-year high, and the threat of recession grows. At the new levels, the rate on the 30-year mortgage will also rise and soon top 8%. At this level, homeowners signing contracts for new mortgages will be paying nearly 3 times as much interest payments as at the bottom of the pandemic, which threatens the housing market. Wit...
MarketBeat Minute(2023-09-21)
September 21, 2023 14:00 - 1 minute - 721 KBThe S&P 500 fell on Wednesday after the FOMC indicated it was not through raising interest rates. The FOMC held rates steady in September as was expected but said it would raise by another 25 basis points by the end of the year. If so, it would mark the 12th increase since the cycle began, putting interest rates at the highest levels in decades. At current levels, demand has begun to deteriorate; another hike would accelerate the decline and possibly impact S&P 500 earnings. The S&P 500 is ...
MarketBeat Minute(2023-09-20)
September 20, 2023 14:00 - 1 minute - 721 KBEquity markets were fairly steady on Tuesday ahead of the FOMC policy announcement. The Fed isn't expected to alter policy today when it makes the announcement, but it is expected to sound hawkish. The combination of accelerating inflation and rising oil prices poses a risk for the economy that it can not let stand. Based on the data, the FOMC will likely indicate at least 1 more hike is coming this year and leave the door open to 2 or more by early 2024. The question for investors is what ...
MarketBeat Minute(2023-09-19)
September 19, 2023 14:00 - 1 minute - 721 KBEquity markets were cautious on Monday as investors wait on the FOMC policy statement due on Wednesday. The FOMC is not expected to alter its policy, but it could issue a very hawkish statement given the state of inflation and the rise of oil prices. As it is, the market does not expect the FOMC to hike rates anymore this year or this cycle and may get a shock come Wednesday. Strikes have emerged as a threat to the economy as industry after industry walks off the job. The risk is more than ...
MarketBeat Minute(2023-09-18)
September 18, 2023 14:00 - 1 minute - 721 KBEquity markets closed out a mixed week on a sour note, falling more than 1.0% on Friday. The move was driven by concern inflation was still running hot and that the FOMC would sound hawkish at this week's meeting. The latest round of inflation data included the CPI and PPI, which both showed unexpectedly large accelerations compared to the prior month and year. The risk is that this data and the rise in oil prices will push the FOMC into another series of interest rate hikes. The S&P shows ...
MarketBeat Minute(2023-09-15)
September 15, 2023 14:00 - 1 minute - 721 KBEquity markets rallied on Thursday on stronger-than-expected retail sales. Retail sales accelerated to 0.6% MoM from the prior read and suggest continued resilience in the US economy. Likewise, the latest read on the Fed's GDP shows US GDP advancing nearly 5.0% in Q3, a double-edged sword for the market. With CPI hot, PPI hot, and oil prices up, it's hard not to think the gains are underpinned by higher prices rather than actual demand. This means an increasing chance for additional FOMC inte...
MarketBeat Minute(2023-09-14)
September 14, 2023 14:00 - 1 minute - 721 KBEquity markets were able to claw their way higher on Wednesday despite a hot read on inflation. The August CPI came in hotter than expected at the headline and core levels due to the rise of oil prices and threatens to push the Fed into another interest rate hike. The S&P 500 moved up less than 0.25% on the news, but the fact gains were made shows the market still does not believe inflation remains a problem. The market seems to be heading into a bull trap. The S&P 500 is in rally mode desp...
MarketBeat Minute(2023-09-13)
September 13, 2023 14:00 - 1 minute - 721 KBEquity markets pulled back ahead of the August CPI report due to a rising fear of inflation. The CPI report is expected to show an acceleration at the headline level driven by oil prices. Oil prices continue to trend upward and suggest the acceleration of inflation will persist into the following month, increasing pressure on the economy. In this scenario, the FOMC is set to hike rates again this year, and they could do it more than once. The question today is, what will the CPI show? If th...
MarketBeat Minute(2023-09-11)
September 11, 2023 14:00 - 1 minute - 721 KBEquity markets retreated from a new peak last week, confirming resistance at a critical level. The market may move sideways over the next week, but there is a risk for volatility if not a firm move in either direction. The trouble is the CPI report, which is due on Wednesday. The CPI is expected to accelerate on a MoM and YoY basis compared to the previous month and keep the Fed on track to hike rates again this year. The S&P 500's next move will be important for traders and investors. The ...
MarketBeat Minute(2023-09-08)
September 08, 2023 14:00 - 1 minute - 721 KBPressure is building within the equity markets. Another round of better-than-expected data was released on Thursday, reinforcing that 1 or 2 more interest rate hikes are coming this year. The mounting fear has the S&P 500 down another 0.3% for the session and at the lowest levels in over a week. Friday's trading could be critical and determine the next big move, but risk is ahead. The next major catalyst for the market will come out next week, and it could be a big surprise. The August read...
MarketBeat Minute(2023-09-07)
September 07, 2023 14:00 - 1 minute - 721 KBEquity markets pulled back on Wednesday as fear of rising interest rates came back to a boil. The latest Services and Manufacturing ISM reads suggest that economic momentum remains solid, and prices continue to rise. Prices in both indices showed significant upswings tied to the cost of oil. Oil prices rose to a new high last week and will continue to underpin inflation this year. This means an increased chance for another 25 basis point rate hike his year. The odds of a hike in September r...
MarketBeat Minute(2023-09-06)
September 06, 2023 14:00 - 1 minute - 721 KBEquity markets began the week on an uncertain footing. Fear of inflation and the FOMC is percolating in the background despite recent signs of cooling. Among the most significant risks to the outlook is the oil price, which broke out to a new high this week. Another risk is the CPI report, which is due out next week. The CPI is expected to show an acceleration from the previous month; the question is how much of 1? Based on the price of oil, it could be substantial. The S&P 500 index is hove...
MarketBeat Minute(2023-09-05)
September 05, 2023 14:00 - 1 minute - 721 KBSummer is officially over, and equity markets will look to begin the week on a fresh footing. After rallying all summer, the question is if the S&P 500 can continue to rally this fall. Based on the outlook for oil prices, inflation, and the Fed, the market is heading for a ceiling regardless of how high it is. This week, items of interest on the economic calendar include the Fed's Beige Book and speeches from at least 6 Fed members. Hence, the odds are high that volatility will be present thi...
MarketBeat Minute(2023-09-04)
September 04, 2023 14:00 - 1 minute - 721 KBEquity markets advanced in the week ended 9/1, but additional upside may be limited. The move was driven by softening labor market data that led the market to reprice its expectation for interest rates. Softer labor market data is good news, but the takeaway is that labor markets are normalizing at levels once considered strong. In this light, the data gives the FOMC little room to maneuver and may lead them to hike rates given the state of wage inflation. Wage inflation continues to run hot ...
MarketBeat Minute(2023-09-01)
September 01, 2023 14:00 - 1 minute - 721 KBEquity markets tried to advance for the 5th day on Thursday, but the gains were slim, the index closed virtually flat, and the peak of the move may have been reached. The PCE Price Index for July came in hotter than expected and shows consumer-level inflation is accelerating. The data increased the fear of another Fed rate hike, although the market still believes the committee is already done. The odds of another hike are less than 50/50, as indicated by the CME FedWatch Tool, and softened fo...
MarketBeat Minute(2023-08-31)
August 31, 2023 14:00 - 1 minute - 721 KBEquity markets moved higher for the 4th consecutive day despite weak labor data. The ADP data shows job growth cooling more than expected in August, suggesting a weak NFP figure on Friday. The news is taken as good news because it shows slowing in the economy, including slowing wage growth, although wage inflation is still running hot. The risk for traders is that the NFP and ADP do not often track in alignment and may provide a different perspective on Friday. The S&P confirmed a bottom at...
MarketBeat Minute(2023-08-30)
August 30, 2023 14:00 - 1 minute - 721 KBEquity markets advanced on Tuesday on growing hope for a soft landing despite increasing evidence to the contrary. The S&P 500 gained 1.50% at the height of the session, indicating the summer rally was intact. The risk for the market is that the PCE price index is due out later this week and is expected to show core consumer inflation accelerate from the previous month. Data such as this aligns with the idea the FOMC will hike rates at least once more this year; hot data with the idea of mult...
MarketBeat Minute(2023-08-29)
August 29, 2023 14:00 - 1 minute - 721 KBEquity markets started the week on solid footing as traders and investors brace for what could be a volatile period. The market expects 2 critical data points to point the direction for trading this fall. The first is labor data; the monthly data is due out and should confirm ongoing health within the employment arena, including rising wages. The 2nd is the PCE price index. The PCE price index is expected to advance 0.1% at the core level and reinforce the idea the FOMC will hike rates again ...
MarketBeat Minute(2023-08-28)
August 28, 2023 14:00 - 1 minute - 721 KBEquity markets advanced on Friday, shrugging off comments from Jerome Powell. Mr. Powell, in his keynote address to the Jackson Hole conference, made it clear the fight against inflation wasn't finished and that there was a long way to go to get the job done. Among the risks is energy, which has been misleading investors. The decline in consumer-level inflation is pegged to the price of oil, which is rising again. WTI gained more than 1.5% following the news to confirm support at the long-ter...
MarketBeat Minute(2023-08-25)
August 25, 2023 14:00 - 1 minute - 721 KBEquity markets failed to advance despite a blowout report from NVIDIA. The reports cements the company as the leader in AI and led to a sell-off in other AI-related chip stocks. With the world leaning hard into NVIDIA chips to power data centers and AI, the other chip makers stand to lose market share and that caused the S&P 500 to fall more than 1.25% at the session's low. The bad news for investors is that Thursday's decline confirms significant resistance at the 30-dau moving average. Re...
MarketBeat Minute(2023-08-24)
August 24, 2023 14:00 - 1 minute - 730 KBEquity markets advanced on Wednesday, led by NVIDIA and hope that AI would drive the company to new highs: those hopes were met. The company's Q2 revenue is 33% better than the company's "jaw-dropping" guidance, and guidance was raised again. The takeaway from the report is that data centers and big tech are shifting away from traditional computing into high-speed computing and AI, and NVIDIA is the foundation of AI. The news sent shares of NVIDIA up more than 5.0% in premarket trading, and...
MarketBeat Minute(2023-08-23)
August 23, 2023 14:00 - 1 minute - 720 KBEquity markets tried to build on Monday's gains but fell in Tuesday trading by the end of the session. News from Dick's Sporting Goods is among the reasons why. The Q2 report paints a bleak picture for retail; the stock fell more than 20% at the session's low. According to Dick's, rising inventory shrinkage, or theft, is cutting into the bottom line results and significantly impacting the guidance. This is not a new phenomenon but 1 that has worsened over the last 3 quarters and will continue...
MarketBeat Minute(2023-08-22)
August 22, 2023 14:00 - 1 minute - 720 KBEquity markets see-sawed on Monday, with hope winning out in the end. The S&P 500 gained more than 0.5% at the session's close to potentially end a multi-week losing streak. This week's market risk lies in earnings reports from retailers and the start of the Jackson Hole Summit. The news from the summit is expected to center around inflation and the Fed's long-term trajectory, which is not expected to change. The next reading of inflation data is not for 2 more weeks. News from the housing ...
MarketBeat Minute(2023-08-21)
August 21, 2023 14:00 - 1 minute - 720 KBEquity markets pulled back for the 3rd week and may pull back further this week. The ugly specter of recession is back in the picture due to persistent inflation and high odds the FOMC will increase interest rates by at least 1 more 25 basis point hike and possibly several. The critical element now is oil prices. Oil prices show support at higher levels than over the summer, and the supply/demand balance is tilted in favor of demand. The August PCE report, which reports on price changes in ...
MarketBeat Minute(2023-08-18)
August 18, 2023 14:00 - 1 minute - 722 KBEquity markets pulled back on Wednesday, extending the stock decline for another day. The S&P 500 pulled back more than 0.5% at the session's low, setting a new 1-month low and new lows are on the way. The pullback appears to be gaining momentum and was not aided by Wednesday's data or earnings reports. On the earnings front, reports from retailers are mixed and point to weakness in discretionary names in the 2nd half. Winners include TJX Companies, which grew and raised guidance, while Targe...
MarketBeat Minute(2023-08-17)
August 17, 2023 14:00 - 1 minute - 720 KBEquity markets pulled back again on Wednesday after the FOMC minutes revealed more risks than previously feared, and the minutes cited tight labor markets and higher-than-acceptable wage inflation, among other risks to inflation. The risks could lead to additional rate hikes not priced into equities. This sets up a situation in which the FOMC outlook darkens and puts additional weight on the market. In this scenario, the top reached by the S&P 500 is the highest level investors will see until...
MarketBeat Minute(2023-08-16)
August 16, 2023 14:00 - 1 minute - 720 KBEquity markets pulled back on Tuesday due to a double dose of fear-inducing news. The first is fear of a renewed crisis in the banking sector. Fitch warned it might have to downgrade some banks, including top names like JPMorgan Chase if credit conditions deteriorate much further. The second is new out of China that include weak industrial production. The news raises the fear that economic momentum will quickly fade and impact GDP and S&P 500 earnings. The S&P 500 fell more than 1% at the s...
MarketBeat Minute(2023-08-15)
August 15, 2023 14:00 - 1 minute - 720 KBEquity markets were steady on Monday as traders waited on key reports from the retail sector. The July reading of Retail is due today, along with reports from Home Depot and other major retailers. Walmart and Target are also expected to report this week and will indicate what to expect from the consumer in Q3 and Q4. The story so far is that shifting consumer habits are cutting into discretionary spending, but rising inflation continues to sustain solid spending. The next major hurdle for t...
MarketBeat Minute(2023-08-14)
August 14, 2023 14:00 - 1 minute - 720 KBEquity markets continued to decline last week after inflation data pointed to a high likelihood of additional FOMC interest rates. The steady pace of CPI combined with hotter-than-expected PPI and rising oil prices suggests that inflation could accelerate and drive the FOMC to hike rates not 1 more time but 2 or more. In this scenario, there will be multiple bank failures and a curb on consumer demand unlike any in more than half a century. The S&P 500 shed about a half percent, moving to a...
MarketBeat Minute(2023-08-11)
August 11, 2023 14:00 - 1 minute - 720 KBThe equity market went on a wild ride Thursday after the headline CPI reading was weaker than expected. The news sent a wave of relief through the market as investors looked for clues to the Fed's next move. The relief was short-lived because the data, while cooler than expected, is an acceleration from the previous month, and the core figures are still hot. In this scenario, the FOMC is still expected to increase rates later this year. The news helped send the oil price down more than 1%. ...
MarketBeat Minute(2023-08-10)
August 10, 2023 14:00 - 1 minute - 720 KBEquity markets tread water on Wednesday as traders and investors await today's critical inflation report. The July CPI report is expected to show inflation remains hot and will lead the FOMC to hike rates again later this year. With oil prices breaking out to new 1-year highs, cool data may not matter because inflation will rise again. The price of WTI is moving steadily higher under the force of supply/demand imbalances put in place by OPEC. The way the market is tilted, it is likely that WT...
MarketBeat Minute(2023-08-09)
August 09, 2023 14:00 - 1 minute - 720 KBEquity markets fell on Tuesday following a downgrade in the banking sector. Moody's downgraded several mid-sized banks causing the entire market to fall. Investors bought the dip so the rally may not be stalled; the caution is that CPI data due on Thursday could be hotter than expected. Regardless, the CPI is expected to come in relatively flat compared to the prior month, which is not a signal for the FOMC to lower interest rates. The S&P 500 fell more than 1.0% at the session's low but re...
MarketBeat Minute(2023-08-08)
August 08, 2023 14:00 - 1 minute - 726 KBEquity markets started the week on solid footing, but the rebound may be short-lived. Another round of inflation data is due out this week, and it could halt the market in its tracks. The July read of the CPI is due on Thursday, and it is expected to show the deceleration of inflation has slowed. Core inflation is expected to hold relatively steady at 4.7% and well above the Fed's target rate. At this level, the market should assume the Fed will have to hike rates again later this year and ma...
MarketBeat Minute(2023-08-07)
August 07, 2023 14:00 - 1 minute - 720 KBA weaker than expected jobs report lifted the market. The contrarian logic is that weakening employment numbers will give the Federal Reserve room to pause its campaign of raising interest rates. However, after a strong rally to start the day, stocks closed the week slightly lower. Higher bond yields have been pushing buyers away from stocks. This week was a net win for the bears. And it sets the stage for economic data coming in next week. Palantir will deliver its quarterly earnings on...
MarketBeat Minute(2023-08-04)
August 04, 2023 14:00 - 1 minute - 721 KBMarkets had a choppy day that ended with all the major indexes posting slight losses. Investors may still be taking profits after Fitch downgraded the United States credit rating. However, the markets may also be reacting to oil prices which surged to over $81 a barrel as Saudi Arabia announced it would extend its production cut at least through September. That could be adding to concerns about rising inflation. Investors will get the next read on consumer prices and producer prices next we...
MarketBeat Minute(2023-08-03)
August 03, 2023 14:00 - 1 minute - 720 KBWho said August would be a quiet month? All the major indexes fell 1% with the NASDAQ being the worst performer, tumbling over 2%. The negative sentiment was mostly due to the United States receiving a credit downgrade from Fitch. This is likely a knee-jerk reaction from investors looking for a reason to sell. But if history means anything, the S&P 500 index dropped 7% the last time the U.S. had its credit rating downgraded in 2011. While this price action may not be long-lasting, it does...
MarketBeat Minute(2023-08-02)
August 02, 2023 14:00 - 1 minute - 720 KBStocks were mixed and mostly unchanged on the first day of August. The Dow posted a slight gain bolstered by a strong earnings report by Caterpillar. The Nasdaq and S&P 500 both finished slightly in the red. Manufacturing is the latest sector to send the market conflicting signals. Factory orders look to be gradually improving, but factory employment hit a three-year low. Investors will be watching to see if that weakness will extend throughout other sectors when the jobs report comes out on...
MarketBeat Minute(2023-08-01)
August 01, 2023 14:00 - 1 minute - 720 KBStocks bounced above and below the breakeven point over 100 times before closing with a small gain on Monday. This continued the upward trend that put the three major indexes posting monthly gains of over 3%. Earnings season is in full swing, but investors will largely be waiting to hear from Apple this week. The tech giant reports after the market closes on Thursday. It?s hard to understate the importance that Apple has on the market. To borrow a phrase, when Apple sneezes, the market catc...
MarketBeat Minute(2023-07-31)
July 31, 2023 14:00 - 1 minute - 720 KBEquity markets gained over 1.0% on Friday to close at a new 1-year high. The move was inspired by softer-than-expected PCE price data that suggests the FOMC is near the end of its tightening cycle. The caution for investors is that inflation remains hot at 4.1% core, and the oil price is rising again. Oil prices underpin inflation; with WTI set to move to a multi-month high, inflation will accelerate again. This week will be another trying 1 for investors. A host of earnings reports is due ...
MarketBeat Minute(2023-07-28)
July 28, 2023 14:00 - 1 minute - 720 KBEquity markets pulled back on Thursday after the reality of the FOMC's latest rate hike was digested. The hike, another 25 basis points, puts the base rate at over 550 basis points and the highest level in over 2 decades. The full effect of the already implemented hikes has yet to be felt, which means that economic headwinds will persist for at least another year. In this scenario, more banks will fail, leading to consolidation within the industry and ever-tightening credit conditions. The ...
MarketBeat Minute(2023-07-27)
July 27, 2023 14:00 - 1 minute - 720 KBEquity markets wobbled on Wednesday following the Fed's 25 basis point interest rate hike. The hike puts the base rate at 550 basis points and the highest level in over 2 decades. The statement indicated a possible pause at the next meeting but left the door open for another historic interest rate hike later this year. The data-dependent Fed will watch the inflation data for its next cue, and the next release is just around the corner. The PCE price index is due out tomorrow and may alter t...
MarketBeat Minute(2023-07-26)
July 26, 2023 14:00 - 1 minute - 720 KBEquity markets advanced on Tuesday on optimism that earnings from tech giants like Microsoft, Apple, and Facebook would impress. Expectations have been driving these stocks higher, so it will take solid results to continue the trend. If the news is less than what the market is looking for, it could spark a correction for the S&P 500. The S&P 500 advanced about 0.50% at the session's high and set a new 1-year high. The FOMC poses another risk for equities this week. The FOMC is expected to h...
MarketBeat Minute(2023-07-25)
July 25, 2023 14:00 - 1 minute - 720 KBEquity markets moved higher on Monday to put the S&P 500 at its highest closing level in over a year. The move was driven by a lack of news more than anything else as the market takes a breath in wait for what's to come this week. On the earnings front, the market expects reports from nearly 200 S&P 500 companies, making this the busiest week of the reporting cycle. Reports from Microsoft to The Coca-Company are due out and will give more evidence of what to expect from the 2nd half of the ye...
MarketBeat Minute(2023-07-24)
July 24, 2023 14:00 - 1 minute - 720 KBEquity markets advanced the previous week, but the signs of economic cracking continue to grow. The S&P 500 moved higher for the session and set another new high despite the signs of cracking an expectation for the FOMC to hike rates by another 25 basis points. The move would put the base rate at the highest level in nearly 2 decades, and there is a chance this won't be the last cut. More information will come out on Wednesday with the Fed's policy statement and Friday when the PCE price inde...
MarketBeat Minute(2023-07-21)
July 21, 2023 14:00 - 1 minute - 720 KBEquity markets retreat on Thursday after another bad economic report, and earnings from Netflix and Tesla disappointed the market. On the economic front, the Index of Leading Indicators was negative for the 15th consecutive month and worse than expected at -0.7%. That was compounded by a negative reading of the Philly Fed Survey and earnings reports from Netflix and Tesla. Both companies failed to inspire market rallies and saw their shares fall by high-single to low-double-digits, and deeper...