Published May 12, 2023
We want to take a moment to talk about email spoofing and how to protect yourself from it. Email spoofing is when someone sends an email that appears to be from a trusted source, like us, but is actually from a fraudulent account. These emails often contain links that lead to phishing websites or malware downloads, which can compromise your personal and financial information.
At TimingCube, we take your security seriously, and we want to assure you that our notifications requesting a change of personal information will never include a link in them. Instead, our emails will always request that you log in to our site to perform any actions. This is because we want to ensure that you are accessing our site securely and that you are protected from any potential email spoofing attempts.
If you receive an email that claims to be from us, asking for personal information change with a link, please do not click on the link or provide any information. Instead, please contact us immediately to report the incident so we can take appropriate action to protect you and our other customers.
Thank you for your attention to this important matter. We remain committed to providing you with the best possible service and security.
Market Update
Markets are entering a bit of a quiet period now with quarterly corporate earnings reports largely behind and the next Fed meeting four weeks away. This leaves investors reacting to one-off news events, a flurry of economic reports, and speculation. The past two quarters have seen a tick up in volatility during this period. Stocks ran in place Monday while the Nasdaq found its way higher by +0.2%. That move pushed the index up by +20% from its low point last October; thus technically signaling an end to the index’s bear market period. A -0.5% step backward Tuesday as investors grew nervous about the upcoming inflation report and ongoing debt ceiling negotiations in Washington. Stocks popped higher Wednesday when the inflation report showed prices continuing their downward trend, albeit slight. Large-cap tech stocks, which have become a sort of safety trade, found solid buying to push the Nasdaq up +1%. A second inflation report Thursday confirmed the cooling inflation trend while jobless claims ticked upward, both market-favorable reports. But stocks closed mixed with tech stocks continuing to march higher, this week led by Alphabet/Google, while renewed regional bank fears pushed that sector downward weighing on the S&P and Dow Industrials. Friday brought a report on consumer sentiment showing heightened inflation expectations despite the aforementioned downtrend in actual inflation readings. The report sent interest rates upward and stocks downward to a -0.2% dip in the S&P 500.
Little movement in stocks this week as competing reports and narratives largely battled to a standstill. The S&P 500 closed off slightly with a -0.25% weekly slip. The Nasdaq 100 (QQQ) rode continued strength in big-cap tech stocks to a +0.66% gain and its highest weekly close in nine months. Smallcaps were hit by weakness in regional banks and energy shares to post a -0.99% weekly loss. Indicative of the current market stalemate, microcap stocks have spent two solid months trading within a very tight 5% range.
Warm wishes and until next week.