JJ Kinahan

Inflation continues to be a major issue, but today’s August consumer price index (CPI) report offered a flash of hope for anyone who wants to see prices start coming down a bit. Year-over-year CPI growth came in at 5.3%, just below analysts’ consensus of 5.4%, so that was something the...

September has a bad reputation around Wall Street. It’s living up to that so far as last week was the worst in three months, but some green shoots pushed through the sidewalk cracks this morning as eyes turn to the Tech sector after a ragged Friday.  Stocks enter the week on a five-day...

It makes sense that tonight is the start of football season because the market’s been taking a few hits.  Major indices headed lower again overnight as the mood seems to remain cautious. Treasury yields fell ahead of a series of auctions that could help us get a sense of how much demand...

The futures markets are pointing to a lower open on Wednesday, weighed down by European markets. The uncertainty around infrastructure, stimulus, and other government spending appears to be on investor’s minds.  Goldman Sachs (NYSE: GS) downgraded its economic outlook for the U.S....

The trading week is off to a sort of “delayed dog days of summer” start. Investors might want to be cautious, with a relatively quiet earnings week and a Friday inflation report as the sole “big number” on the calendar.  A lack of an obvious catalyst could make for a...

That hissing noise you hear is the air being let out of the market’s tires after an epically disappointing August jobs report. The Delta variant seems to be sinking its teeth into the economy, taking a massive bite into the jobs picture.  Job gains of 235,000 in August reported today by...

Last week, the countdown to Friday was for a speech by Fed Chairman Jerome Powell. This week, the clock is ticking on an August jobs report that might help shape Fed policy and investors’ perceptions of the economy.  Powell’s speech last Friday appeared to get a bullish response...

As a new month opens, “reopening” stocks are finding some new life in spite of growing worries about the Delta variant. Shares of stocks tied to the reopening of the economy, including casinos, restaurants, hotels, and airlines, helped lead overnight gains. Overall, Tuesday’s...

Barring some sort of huge selloff today, we’re on track for the seventh-straight winning month.  That would be the longest positive streak for the S&P 500 Index (SPX) since 2017, but investors need to avoid becoming complacent. Markets go down as well as up, and September...

Uncertainty is far from unusual on Wall Street and is arguably one big reason we trade stocks in the first place. But the level going into September stretches uncertainty levels to a place we haven’t seen in a while.  For many people, it’s just very confusing as to where to go and...

What is it about Fridays lately? Last week, Friday brought a critical speech from Fed Chairman Jerome Powell. This week, the August payrolls report comes Friday and could help shape market action and Fed policy as the month of September starts. Generally, analysts think another solid jobs report...

As the saying goes, welcome to the main event. Fed Chairman Jerome Powell’s 10 a.m. EDT speech at the “virtual” Jackson Hole conference could set the tone. The market’s behavior the rest of the day may hinge on how “hawkish” or “dovish” traders decide...

Intrigue is growing ahead of tomorrow’s speech by Fed Chairman Jerome Powell. The market seems convinced there will be a taper of the Fed’s $120 billion a month bond purchase program at some point, but the question is whether Powell gives any definite timing in his speech. Considering...

Maybe as a kid, you waited all week to hear the top-40 broadcast. Well, today the countdown begins, but Casey won’t be the deejay. It’s all about counting the hours until Friday morning when we’ll hear from Fed Chairman Powell.  Sometimes the market is telling you to be extra...

After another big rally to start the week, what can Wall Street do for an encore?  Maybe not a lot, at least for the moment. Stocks moved up just a bit in pre-market trading. It looks early like there might be a chance for small gains on top of what happened yesterday, but a lack of major new...