The major averages back above their 200-day moving average…
05.31.04 | In Market and Portfolio Commentary | by Mark Scheffler 0
THE MARKETS Falling oil prices ignited a rally that carried all of the major averages back above their 200-day moving average. The NASDAQ and the S&P-500 were able to push through their 50-day moving average for the first time since April 28th. In addition to the break in oil prices, continued strong earnings and a [...]
Rising oil prices and interest rates once again curbed the enthusiasm of market participants…
05.24.04 | In Market and Portfolio Commentary | by Mark Scheffler 0
THE MARKETS The summer doldrums seemed to arrive a few weeks early as rising oil prices and interest rates once again curbed the enthusiasm of market participants. Even though the majority of the major averages posted minor gains for the week, the reality was that the market as a whole went nowhere. For the fourth [...]
A hostile market environment…
05.17.04 | In Market and Portfolio Commentary | by Mark Scheffler 0
THE MARKETS Fears over rising interest rates, a significant uptick in inflation and continuing instability in Iraq continue to create a hostile market environment. Mix in the high price of crude oil and that was enough to send the Dow Jones Industrial Average and the S&P-500 down for the week, retesting their respective 200-day moving [...]
The market continued on its roller coaster ride…
05.10.04 | In Market and Portfolio Commentary | by Mark Scheffler 0
THE MARKETS The market continued on its roller coaster ride as investors again sold the good news and concentrated on the threat of higher interest rates. Friday saw the Dow Jones Industrial Average fall to levels not seen since the end of March as a solid jobs report pointed to higher rates sooner than later. [...]
Rising inflation fears sent stocks lower…
05.03.04 | In Market and Portfolio Commentary | by Mark Scheffler 0
THE MARKETS Despite a slew of spectacular earnings reports, rising inflation fears sent stocks lower as both the Dow Jones Industrial Average and the NASDAQ ended the week in the red. On Tuesday, the Dow appeared to be on the verge of topping its recent highs recorded earlier in the month, as it pushed through [...]
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