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August 23, 2021 Sign Up Good Evening Yesterday, I pointed out to points of optimism that could hit stocks this week for a return to highs. The first, an approval of the Pfizer vaccine by the FDA, we saw today. The second, the potential for Fed Chair Powell to push off talk of bond tapering, is still to be seen for Friday but it appears the market could be pricing in the upside now. If the Fed does offer a wait-and-see approach for the market, it will be the third of September with the monthly...
August 22, 2021 Sign Up Good Evening Even with Friday's rebound in stocks, the market closed lower last week and the last few weeks have definitely seen a rise in fear and volatility. Investors could get a break from that this week. Besides the potential for full approval of Pfizer's COVID vaccine, Fed Chair Powell speaks on Friday and could give the market something to cheer. Powell is one of the most dovish (accommodative) Fed chairs we've had and consistently has tried to calm the market...
August 19, 2021 Sign Up Good Evening Someone in the Facebook group asked if I was buying the dip today...to paraphrase my response, "What dip?" Granted, stock prices have stopped going straight up every day and the more volatile growth stocks are down more but the indexes themselves aren't down that much. Stocks in the S&P 500 are down just 1.7% from the record and even the Nasdaq is only down 2.4% from its peak last Monday. It's easy when you follow the market every day to think of down...