Iranian Deal

Iranian Deal

Friends It's been a week for deals, as today we got word of the Iranian deal. I won't go into whether this is a good thing for the U.S. or not (we'll let the political ramifications play out over time), but most thought that oil would sell off on the news, seeing that...

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Iranian Deal

A Greek Deal?

Friends With hope that the "extend and pretend" Greek deal will get done, stocks had another good day. Spurred by the futures overnight, the averages sprung to triple digit gains and the bulls were able to hold those gains and add to them late in the session. By the...

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Iranian Deal

Let’s Play Kick The Can

Friends Hopeful of a deal between Greece and the EU, along with a Chinese stock market that has calmed the past two days, the bulls were emboldened and bought stocks early and often. Stocks rallied from the opening bell and despite a couple of lulls, kept climbing...

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Iranian Deal

A Slight Relief

Friends Stocks buoyed by a rally overnight in China and some hopeful headlines about Greek negotiations had a very strong opening with the Dow rallying more than 200 points. As the day wore on, and doubts about both China and Greece permeated the psyche of market...

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Iranian Deal

Freeze Frame

Friends Trading at the NYSE was halted today for 3 ½ hours because of a computer glitch, which kept trading volume down in general. The good news is that there are other exchanges to get trades executed so markets continued to trade. The bad news is that sellers...

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Iranian Deal

Reversal

  Friends After being down over 200 Dow points midday, stocks rallied into positive territory by late afternoon. The reason for the turnaround was somewhat vague, as the situation in Greece didn't seem to be getting any better, and China is still trying to stem...

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Iranian Deal

Greece, China and the Markets

Friends The jobs number came in just about as expected as 223,000 new jobs were created in June. The unemployment rate fell to 5.3%, which is fine, but the participation rate continues to decline, and average hourly wages came in unchanged and only up 2% over that...

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Iranian Deal

Have A Great 4th Of July

Friends The jobs number came in just about as expected as 223,000 new jobs were created in June. The unemployment rate fell to 5.3%, which is fine, but the participation rate continues to decline, and average hourly wages came in unchanged and only up 2% over that...

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Iranian Deal

The Game of Chicken

Friends As we enter the 3rd quarter and the dog days of summer, the game of chicken continues to unfold in Greece, as the upcoming vote this weekend may result in the old  "watch out what you ask for, you just may get it". Members of the EU seem content to let the...

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