Friends It was a wacky week in the markets, wasn't it. Just when the bears looked like they had the bulls on the run, those beleaguered bulls stepped back in to buy stocks again today. The momentum stocks still struggled, but other sectors found some support. On the...
Friends Well, it appears that yesterday's robust rally was, indeed, a one day affair. Stocks headed south early this morning and things got worse before they got better. Nasdaq, led by the momentum boys, once again took it in the teeth, down about 2% at one point...
Friends Out of the blue we got ourselves a nice little rally in stocks today. After the market looked a bit out of gas Monday and Tuesday, buyers seemed to come out of the woodwork today ready to buy just about anything. Yes, the momentum stocks saw some action, but...
Friends It was a difficult day for the bulls. The momentum stocks got off to a rocky start fueled by Google/Alphabet's massive fine at the hands of the European Union, and then the Senate delaying the health care bill until after the fourth of July, sent a wave of...
Friends It was a bit of an odd day for the markets. Nasdaq, led by Amazon, Google, Facebook, etc. got off to a rip roaring start only to see things reverse about an hour into trading. Despite the momentum stocks falling into negative territory, the Dow and the...
Friends Another mixed day for stocks, but on a daily basis we seem to have distinct winners and losers. Indeed, as opposed to things drifting along in unison, we are seeing rotation on a daily basis, where some stocks are working that day while others are getting...
Friends It was a very quiet day for stocks despite a full slate of economic data and the release of the Senate version of a health care bill. Leading Indicators came in as expected, but unfortunately analysts weren't expecting much. The FHFA house price index showed...
Friends Today's market was a mixed bag. On one hand you had the Nasdaq up quite nicely, while the Dow was struggling and the S&P was treading the base line. The momentum gang, Amazon, Google, Facebook etc. all had nice gains, while industrials, energy and...
Friends That market giveth and the market taketh away. Stocks gave back about half of yesterday's gains, as the bulls just could not find any traction during the trading session. Oil dropped into bear market territory and energy shares continued to weigh on the...
Friends Stocks got off to a great start to the week as tech giants and momentum stocks rebounded, as well as positive moves for banks and healthcare. No Amazon didn't buy anybody new today, but it's still early in the week. With the Fed move behind us now, market...
Friends The big news of the day was Amazon, in their continuing attempt to conquer the world, is buying Whole Foods. The market reacted as if anyone who is now a food retailer will soon be out of business. Other than that, markets were somewhat quiet. By the close...
Friends Economic data be damned. The Fed, not unexpectedly, raised the Fed Funds rate another quarter point today (3rd raise in 6 months) and indicated that over the next couple of years they plan on reducing their balance sheet. Despite the fact that the inflation...
Friends As you know a major part of being an investment advisor these days is watching government officials testify in front of congressional committees. Indeed, the market seemed to become comatose once the Attorney General began his testimony before the last hour...
Friends As we wait for the Fed to come front and center this week, this first day of the trading week saw the continuance of the selling pressure on the tech oriented momentum stocks that we saw begin last Friday. Again today, Apple, Amazon, Netflix, Facebook and...
Friends If you happen to check in at 3:00 to see how stocks did for the day you may be under the impression that it was a quiet day. Au contraire mes amis et amies. It was a day of massive rotation, as the high flying momentum stocks saw air let out of their bubble,...
