Negative Bias

Negative Bias

Friends Stocks look to be taking on a slightly negative tone as we work our way into September. Nothing of any real consequence, but it appears that market participants are a little bit hesitant to add to long positions at the moment. We are still trying to determine...

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Where’s The Action?

Where’s The Action?

Friends While the business media was obsessing over the Apple rollout of the iPhone 7 today, stocks were busy doing a whole lot of nothing. The beige book report shows modest domestic economic growth, but did show a bit of strength in wage growth (but little else in...

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Back To Work

Back To Work

Friends Ok, everyone should be back from the Hamptons now and trading volume and interest should pick up. Today, we did see a bit of volatility as stocks spent time in both positive and negative territory. By the close, the bulls had the upper hand, but I wouldn’t...

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A Goldilocks Jobs Report

A Goldilocks Jobs Report

Friends Well, it appears we had a goldilocks type of jobs report this morning. Oh, it disappointed on some levels, as the 151,000 new jobs created was less than the 180,000 or so expected, and the 0.1% increase in average hourly earnings was somewhat anemic, but...

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Stocks Quiet Before Jobs Report

Stocks Quiet Before Jobs Report

Friends Stocks drifted in decidedly negative territory for just about all of today’s trading session until a small recovery kicked in during the last hour of trading. There was very little in the way of any news catalysts (although auto sales were a bit disappointing,...

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