Granite Wealth Management

GW in the News: Zaro Comments on Fannie, Freddie Rallying for 2nd Day

Shares in Federal National Mortgage Association FNMA.PK, also known as Fannie Mae, and shares in Federal Home Loan Mortgage Corp FMCC.PK, commonly known as Freddie Mac, rose sharply on Tuesday for the second day in a row. Bruce Zaro, managing director at Granite Wealth Management in Providence, Rhode Island said investors focused on lower value stocks […]

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The Market May Soon Turns its Focus Back to Congress

Moderating inflation, a dovish-sounding Fed and favorable seasonality have combined to drive stocks higher for eight straight weeks since the October low. Despite these gains, I remain bullish toward the market in the long run despite the recent advance. That said, there is one thing that I suspect could cause investor heartburn in January: Congress.

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Year End Market Action

Lance Roberts (realinvestmentadvice.com) wrote this week to expect a pullback. I agree, at least for the Mega Caps and NASDAQ stars. However, in the reshuffling process, expect more troops to come on the field and take leadership from the generals. As the month ends and the Best Month (December) awaits, expect profit taking and repositioning

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Granite Wealth in the News: Bruce Zaro talks Microsoft Earnings, NASDAQ Outlook

By Sinéad Carew and Amruta Khandekar Microsoft rises as ousted OpenAI CEO set to join company Bristol Myers down as Bayer’s anti-clotting drug trial fails Indexes up: Dow 0.55%, S&P 0.70%, Nasdaq 1.05% Nov 20 (Reuters) – Wall Street’s three major U.S. stock averages advanced on Monday with Nasdaq leading gains as heavyweight Microsoft rallied after it hired

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Seasonality. Amplified.

Seasonality, Amplified Against a global macro environment filled with things to worry about, the stock market has already ripped 10% from the October low. What could the market be telling us? Fundamentally, the consensus view seems to be landing on a Federal Reserve that is done hiking due to a weakening consumer and plunging inflation

Seasonality. Amplified. Read Post »