Bounce

Bounce

Friends Weak economic news out of China led to a rally in Chinese stocks (bad news is good news=stimulus), which spilled over into our markets this morning. Couple that with an overdue bounce, after seven straight down days (as measured by the Dow), and stocks enjoyed...

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Bounce

Does Jobs Number Give Fed Cover?

Friends Stocks suffered losses for the 7th straight session (as measured by the Dow), as reaction to the jobs number was muted. The non-farm payroll number came in as expected at 215,000 new jobs having been created in July. The unemployment rate fell to 5.3% while...

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Bounce

Earnings Continue To Disappoint

Friends Earnings disappointments continue to weigh on the stock market, as both stocks that were priced for perfection and also some that had already been beaten up, continue to see selling pressure. As I have mentioned before, despite the S&P 500 remaining...

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Bounce

Rolling Correction

Friends It was somewhat a tale of two cities today with regards to economic data. First, the ADP private payroll number came in somewhat disappointing at 185,000 new jobs created in July (expectations were for about 210,000 new jobs). Shortly after that we got the ISM...

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Bounce

Bracing For The Fed?

Friends Stocks once again limped through the trading session as earnings season, and the growing belief that the Fed is poised to move in September, continued to weigh on the psyche of traders. The breakdown of stalwarts and Dow components like Apple also have traders...

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Bounce

Difficult Start To August

Friends For stocks, July didn't end too well, and August didn't get off to a very good start today either. Overnight stocks finally began trading in Greece after weeks of being halted, and prices promptly dropped 30% (it did recover some). With other overseas markets...

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