“…we want the stock market to be able to stand on its own two feet, without the help of the Federal Reserve, so companies need to continue to record strong earnings, even in the face of a slumping economy.” Click the link below to read our full comments: 3rd Quarter...
Friends Traders were tentative during Monday’s trading as everyone awaits the beginning of earnings season. We have already seen many companies warn that this quarter will be weaker than expected, and we will be monitoring analysts’ conference calls as companies are...
Friends Following the better than expected ADP private sector jobs number reported yesterday, the release of the non-farm payroll number this morning was a letdown. Only 80,000 new jobs were created in June which was less than the consensus estimate and way short of...
Friends We had a lot of news and data points this morning, beginning with interest rate cuts by the ECB in Europe (cut its key rate by 25 bps) and also in China where they cut their lending rate and their deposit rate. Then we got a better than expected ADP private...
Friends As expected, today’s half day of trading was very light. Stocks did have a bias to the upside all morning fueled by a better than expected factory order number. After an advance of almost 70 Dow points, stocks faded a bit but rallied again into the close and...
Friends With traders out for a lot of this holiday week, look for volume to be light and stocks easily pushed around if there is any significant news. As for today, the main economic piece of news that we had was the ISM manufacturing index which was just awful. The...
