April 25, 2024

Daily Wrap

DJIA -80.41 (-0.52%) to 15,307.17; S&P 500 -13.81 (-0.83%) to 1,655.35; NASDAQ -27.32 (-0.90%) to 2,999.13 So the markets can have a substantial day down!  Today’s move lower was tied to Mr. Bernanke’s statement to congress as well as the release of the Fed minute which showed the willingness to decrease bond purchases.  In the grand scheme today was a solid down day but nothing in comparison to the recent rise.  The question is not of today’s move but whether or not it signifies a more significant realization being a top is in.  That is a common phrase but my answer is always “for…