Daily Archives: January 1, 2025
Showing articles 1 - 2 (2 total)
20Jan1:32 pmEST
All the News That's Fit to Pin
Despite a gap-fill down to the open on the S&P 500 Index's ETF (SPY), the market currently has the look and feel of pinning a variety of issues as options expire. Indeed, while bears were rooting for a broad-based "sell the news" reaction to Inauguration Day, we may very well need to wait until next week for a better gauge as to how this...
20Jan10:49 amEST
Peaceful Transfer of Power in a Range
On this Inauguration Day it is surely ironic that the major indices, mired in this historically compressed range, seem to be effecting a peaceful transfer of power between buyers and sellers on a daily basis. In other words, on a day-to-day basis we have seen rather peaceful alternating action, with little in the way of follow-through one way...