Friends Stocks suffered losses once again today as the month comes to a close. Both the S&P and the Dow Jones Industrial Average were able to stay on the positive side of the ledger for January, but in the end the gains were modest. Once again, earnings season is...
Friends Stocks suffered their worst trading session of the year so far. Was the reason the political theater that we were subject to over the weekend? Will the President get back to focusing on tax reform and economic growth? Perhaps, but one could add to that anxiety...
Friends Earnings from giants Starbucks, Intel, Microsoft and Alphabet (Google) came out after the bell yesterday, and the results were mixed. That pretty much describes the whole day in terms of stock trading - mixed. There never was any real direction for stocks...
Friends After all of yesterday's hoopla over the Dow crossing the 20,000 level, it appeared today that traders were suffering from a bit of a hangover. Stocks had a slight bias to the upside, but volatility was muted as the market averages drifted aimlessly for most...
Friends Ok, we finally have that behind us. After much ado, we finally got a close above 20,000 for the Dow Jones Industrial Average. What traders were expecting about a month ago, finally came to fruition today. A solid earnings report sent Boeing shares soaring (see...
Friends While President Trump was signing an executive order to allow the go ahead for the Dakota and Keystone pipelines, stocks finally woke up and began to rally. We had earnings from five different Dow components this morning (with mixed at best results), but that...
Friends We are trying- we really are. We're trying to focus on anything but politics, but with non-stop coverage of the new President, it is almost impossible to focus on anything else. We have never seen anything like this, and markets seem to be mesmerized at the...
Friends Market participants appeared to be distracted by the inauguration proceedings as stocks, after an early lift, basically just drifted aimlessly for the balance of the trading session. We did get a second little lift at the close, so stocks ended with nice...
Friends Traders continue to have a case of the jitters as we approach the Presidential Inauguration. Dow 20,000 talk has all but dissipated as the industrial average continues to slip further and further away from that historic but somewhat meaningless level. The...
Friends As we get closer to Friday's inauguration, traders seem to be getting a bit more jittery. The expectations/hopes of a vigorous new spending and tax reduction agenda is becoming a bit more cloudy as the realization that Congress has to make all this happen is...
"Before we climb on the roller coaster ride that is likely to be calendar year 2017, let’s take a look back at the fun ride that we just disembarked that was 2016." Click the link below to read our full comments. 2017 1st Quarter Outlook
Friends Earnings season got off to a good start this morning as a bevy of money center banks reported their 4th quarter earnings. The likes of J P Morgan Chase, Bank of America and Wells Fargo all had stellar reports, and the good environment for banks has only begun...
Friends Between Senate hearings for Trump nominees and a wild press conference with the President elect himself, traders had a lot of political noise to deal with during today's trading session. As we wait for earnings season to kick off, the political winds are...
Friends Another very quiet day of trading as stocks seem to be stuck in time, seemingly at once just a nice afternoon rally away from Dow 20,000, and a market that seems 20,000 miles away from Dow 20,000. For weeks now, rallies have stalled out quickly, yet selloffs...
Friends Stocks made a gallant effort to capture the Dow 20,000 level throughout the afternoon portion of the trading session (coming within a couple of points), but the bulls just couldn't mount a final surge to finish the job. This morning's jobs number was a little...
