SPDR S&P 500 (SPY)

[nowwhat2]

Market's CELEBRATING this ?

Bond Yields, Stocks Rise Amid Earnings; Investors continue to sell government bonds in anticipation of interest-rate increases

Seven of the S&P 500’s 11 sectors were recently up for the day, with the financials group gaining 1% and the technology group rising 0.8%. The energy segment bucked the trend, declining 2.5% as oil prices fell.




Last Friday


Major U.S. stock indexes rose Tuesday as investors snapped up shares of companies across industries.

The S&P 500 advanced 0.8%, while the Dow Jones Industrial Average added 1.1%. The tech-heavy Nasdaq Composite climbed 1.3%.

Seven of the S&P 500’s 11 sectors were recently up for the day, with the financials group gaining 1% and the technology group rising 0.8%. The energy segment bucked the trend, declining 2.5% as oil prices fell.

The S&P 500 is still down 5.5% in 2022 after selling off in January.

“It just looks like people are very happy sort of buying the dip,” said Katie Nixon, chief investment officer at Northern Trust Wealth Management. “We have very strong markets across the board here.”

A generally positive earnings season has helped support stocks. With results in from about 60% of S&P 500 companies, analysts expect profits rose 30% in the fourth quarter from a year earlier, according to FactSet. That is up from estimates for 21% growth at the end of September.

At the same time, a number of companies have adopted a wary tone about the path ahead. As of late last week, 34 companies in the S&P 500 had given earnings guidance for the first quarter that was lower than analysts had been expecting, while 13 companies had issued guidance higher than the average earnings estimate, according to FactSet.

“The guidance we’re hearing from companies is understandably cautious,” said Tom Plumb, president and portfolio manager at Plumb Funds. “It’s feeding, in some cases, the anxiety people have about political and economic events and Federal Reserve policy.”

Markets have been roiled by volatile trading in recent sessions, prompted in part by expectations of higher interest rates. The Fed’s expected tightening comes against a backdrop of moderating growth and investors have been reassessing which companies are best-placed to weather the more challenging outlook.

“The question is: Does the Fed get it right? Do they walk the line properly between raising rates and tightening policy at a pace that helps to curb inflation but doesn’t slow demand and hurt the economy,” said Peter Langas, chief portfolio strategist at Bessemer Trust.

Tech firms, the darlings of last year’s rally, have been at the forefront of investors’ reassessments, as higher interest rates threaten to weigh on their pricey valuations, which rely on expectations for growth far into the future. Large-cap tech firms have been particularly choppy in recent days, exacerbating broader market volatility......


I dunno how anyone could invest based on just "sentances" like that....
and yet there may be millions who actually do.


FB, NFLX,
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fb&time=100&startdate=2%2F4%2F2008&enddate=7%2F21%2F2022&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&x=48&y=9&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9