Friends One week before Brexit, on Thursday June 16th the S&P 500 closed at 2077. Today, one week after the Brexit vote the S&P 500 closed at 2098. Now, if you happened to tune into business media stations (or even regular news stations and talk shows for that matter)...
Friends Turnaround Tuesday, oversold rally or a dead cat bounce, whatever you want to label today’s stock market snapback, it was not unexpected. What happens after a day like this, though, starts to give us an idea of what lies ahead. If there is follow through...
Friends Turnaround Tuesday, oversold rally or a dead cat bounce, whatever you want to label today’s stock market snapback, it was not unexpected. What happens after a day like this, though, starts to give us an idea of what lies ahead. If there is follow through...
Friends It appears, whether we like it or not, we are going to have to deal with Brexit for quite some time. There are so many unanswered questions about trade and currencies, and short and long term economic impact in Europe and the world. As we are aware, the...
Friends Well, we knew this wasn’t going to be a pretty day for stocks, and it wasn’t. After opening down about 500 points on the Dow, stocks settled in for much of the trading session, but added another leg down in the last hour of trading. As we mentioned this...
Friends Traders all week seem to be wanting to front run the Brexit vote, betting that a no exit vote will prevail. Today was another positive trading session for stocks with market averages moving quickly higher at the open of trading, and holding on to most of those...
Friends In early trading, market participants were bold in the face of tomorrows Brexit vote sending stocks nicely higher, but as the day wore on and polls showed the vote to be almost dead even, some doubt and fear crept into the equation and stocks tumbled into...
Friends At least Janet Yellen didn’t do any damage during her testimony before the Senate Banking Committee. It still appears that a dovish tone has been struck at the Fed and unless there is a miraculous improvement in economic data in the coming weeks and months,...
Friends The polls over the weekend began to give the impression that the Brexit vote might be leaning towards Great Britain not leaving the EU, and stocks around the globe liked that possibility. Here at home the Dow enjoyed quite a nice 200 plus point gain, but as...
Friends It didn’t take long (two days to be exact), but Fed governors are opening their mouths once again. Today is was St. Louis Fed Governor Bullard who proclaimed that he only sees one rate hike into 2018. That’s right, these folks who seemingly can’t predict...
Friends As expected, the Fed did not raise interest rates today. In fact, via the Fed statement and the subsequent press conference by Janet Yellen one would conclude that the path to higher interest rates has once again been altered. Lower for longer would seem to be...
Friends After sleeping on it, market participants seemed even more confused about the Fed statement and Janet Yellen’s performance at her press conference yesterday. It almost appeared to be a throw up your hands and surrender moment for the Fed as they continue to be...
Friends Stocks sold off for the fourth session in a row, but the bulls at least were able to lessen the damage in the last hour of trading and reduce the Dow losses from triple digits to double digits. Nevertheless, the bears seem to be in control as we enter Fed...
Friends Stocks suffered through another day of losses, with worries that Brexit, though still seemingly unlikely, might be gaining more traction, and of course there are still major concerns about global growth given that interest rates are zero or lower around the...
Friends The bears finally had a good day. With interest rates around the globe plummeting, Brexit on the horizon (and perhaps the demise of the EU all together), and soft domestic economic data (including continuous disappointments from retailers), stocks finally...
