Switzer on Saturday

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Shock Jobs Report leads to ‘shock’ market reaction

Thursday’s close for Wall Street’s most-watched Dow Jones Industrial Average was a 530-point slumping, making it the worst day since March of last year and completed four days of losses in a row. Then on Friday, along came a bigger-than-expected job creation number, which was bound to bring US rate cut doubters out of the woodwork.

Peter Switzer · April 6, 2024

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Switzer on Saturday

Should we be worried about investing after markets hitting record highs?

Despite US stock markets and our market index hitting all-time highs, I can’t get out of my head this fact from J.P. Morgan that from 1972 Wall Street has rallied in five of the eight election years with market gains of 12-26%!

Peter Switzer · March 30, 2024

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Switzer on Saturday

It was a week when the global story might be more insightful

It really shouldn’t be a surprise to learn that US stock market indexes were hard pressed to keep rising on Friday, after looking like they were set to register their best week this year-to-date.

Peter Switzer · March 23, 2024

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Switzer on Saturday

US inflation takes us back to the future… for now

With US stocks down again, it’s one thing to be disappointed that the fall in US inflation has stalled and the closeness of the first rate cut is likely to be pushed back

Peter Switzer · March 16, 2024

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Switzer on Saturday

Expect pullbacks but stocks will end higher in 2024

A third consideration for US stock players has joined the two big preoccupations of recent times, which are when will inflation be beaten and when will interest rates start to fall? The third one is this: has this rally gone too far and too fast? The overnight release of the February jobs report in the States hasn’t helped settle these key issues.

Peter Switzer · March 9, 2024

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Switzer on Saturday

No monkeying around, Dalio and I are believers in stocks for 2024!

This won’t surprise you, but I’ve found more evidence to reinforce my view that it’s safe to believe stocks can go higher this year

Peter Switzer · March 2, 2024

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Switzer on Saturday

Reporting season in the US and here reminds us about the importance of profits

It was a week that reminded us that stock markets are mostly about the profitability of listed companies, and Nvidia well and truly showed that.

Peter Switzer · February 24, 2024

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Switzer on Saturday

Buying the dip worked this week but will it last?

After a nice comeback for stocks after a mid-week sell-off following a worse-than-expected Consumer Price Index on Tuesday in the US, Friday’s trade on Wall Street and the Nasdaq’s Times Square building, went negative on a bigger-than-tipped Producer Price Index (PPI).

Peter Switzer · February 17, 2024

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Switzer on Saturday

Stock markets are unbelievably looking super good

With the Dow Jones and S&P 500 at all-time highs and the Nasdaq flirting with it overnight, it’s pretty understandable that experts are warning us to be ready for a pullback.

Peter Switzer · February 10, 2024

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Jobs and wages surge but surprisingly stocks rise

While the news doesn’t seem to add up, I’m happy to accept Wall Street’s take on a stronger-than-expected jobs report

Peter Switzer · February 3, 2024