Friends Trading was quiet on this final session of the month. Now that the Fed is believed to be on hold for a while, traders are searching for the next market catalyst. On the economic front, weekly jobless claims came in a little light, but on the other hand the...
Friends As expected, the Fed did nothing today. The “not so much” anticipated FOMC meeting release indicated that the Fed is on hold with its current policies at least for a while longer. No mention of taper, which seems likely to have now been put off until early...
Friends After yesterday’s very quiet trading, stocks saw a little more action today. The bulls seem emboldened by the fact that the economic data we have received over the past few days is indicating that the economy is drifting and inflation is contained. Yes,...
Friends Traders seemed to want to remain on the sidelines today while waiting on the Fed meeting this week. We continue to see mixed results in earnings reports as the corporate reporting calendar begins to wind down, while on the economic front the Industrial...
Friends The week ended with a quiet day of trading. Stocks had a positive bias, but the participation seemed to be lacking. This was a busy week of earnings reports, some pretty good, some not so good. As we have noticed for the past 4 years, revenues have been...
Friends Stocks struggled today as the market averages spent the entire trading session in negative territory. Some, less than stellar, earnings reports set the tone before trading began, and the bulls seemed uninterested as the day wore on. After the nice run we’ve...
“It should have been no surprise to anyone, that recovering from a near financial collapse and a mountain of debt formed over decades, was going to be a long a laborious task for the U.S. economy.” Click the link below to read our full comments. 4th Qtr Outlook...
"It should have been no surprise to anyone, that recovering from a near financial collapse and a mountain of debt formed over decades, was going to be a long a laborious task for the U.S. economy." Click the link below to read our full comments. 4th Qtr Outlook 2013
Friends After last week’s flurry of political activity, the markets seemed to show some signs of exhaustion today as stocks drifted in mostly negative territory for the majority of the trading session. Now that the government is back in action, we are going to get the...
Friends Well at least we can put the politicians on the back burner for a short period of time, while we focus on earnings season and begin to get some government released economic data. Stocks did experience a little “sell on the news” action at the start of trading...
Friends It looks like a deal is about to be voted on. A great deal? No, but a deal nonetheless. Sure we’re just kicking the can about three months down the road, but at least Armageddon has been delayed for a while. As expected, this thing is going right up to the...
Friends Well, as expected, the knuckleheads in Washington D.C. are taking us right up to the brink. Yes, we’ve seen this movie before, but like any good horror film it’s still darn scary. Stocks performed just as one would expect while one politician after another got...
Friends Markets continue to react to headlines out of Washington D.C., as stocks dropped in early trading after seemingly disappointing progress over the weekend. But as the day wore on, rumors of a compromise and an additional White House meeting sent stocks quickly...
Friends As we head into the weekend, traders continue to believe that the politicians will have a solution for us by next week. Stocks followed through on yesterday’s powerful rally, and in just two trading sessions, market averages have seen quite a bit of repair....
Friends Well, well, well. A hint that there might be a short term solution at hand (and I do mean short term), and the bears run for the hills. It sure looked like stocks would be in constant decline until that October 17th deadline, but an afternoon meeting at the...
