Stocks rallied this week recovering some gains lost in recent sell-off. The major indices traded less volatile than the last two weeks though volatility was still greater than where it was prior to the sell-off.
Posts By Tom Crowley
This week we saw no change in the relentless momentum in stocks we’ve seen thus far this year.
Stocks continued their impressive start to 2018 this week. Traders are optimistic about economic growth so naturally we saw a rise in bank stocks after the first round of earnings reports were released on Friday.
Stocks continue to be relentless as more buyers came out for the new year to join the fun.
Stocks had trouble holding on to gains early in the week but large caps thrived off a string of good news to close in positive territory for the week. Small caps also came off their lows for the week after early trouble but it wasn’t enough to wipe out the early losses.
Thanksgiving positive seasonality came through again this year. Stocks were up with small caps outperforming large caps.
Stocks slipped this week as the Senate put out their version of the tax bill which had a few significant contrasts with the House version.
Stocks were mixed this week with earnings season wrapping up and the news coverage of the tax bill keeping investors on their toes. Earnings season added volatility to the end of October after seeing tight upward trading action to the first half of the month.
Stocks produced more gains and another record high after spending most of the week below Monday’s open. It seemed as though the bears were finally making their move and we were going to see a shift in the recent momentum.
The relentless uptrend of stocks continued this week despite poor earnings reports and lackluster news on the road to tax cuts.