Friends What began as a nice last day of the month rally, turned into a quiet but relentless end of the month selloff. There really didn't appear to be any real catalyst for the moves today, neither the early morning rally or the afternoon selloff. After a...
Friends Fed Chair Jerome Powell had his day before the House Finance Committee and the results were mixed. Sure he presented well, but did deviate just a little from his prepared comments. BUT- some of the questioning was bizarre. I urge you to once and a while watch...
Friends So much for going back to test the lows from earlier in the month. Stocks continue their impressive recovery from the 10% pullback we saw at the beginning of February. After Friday's meaty gains, the Dow started off strong and added to the gains all through...
Friends It was another day of frantic trading, but mostly in positive territory. It's the kind of action that even when you end up higher you don't feel particularly good about it. Today, the today traded within about a 300 point range, but it felt like more. By...
Friends Stocks were firmly in positive territory midday, just waiting for the Fed minutes to be released. Then all hell broke loose. At first glance the Fed minutes appeared somewhat dovish, and indeed they are. The minutes indicate that the members were not overly...
Friends After recovering more than half of the recent decline last week, stocks stumbled out of the gate this week to post sizable losses on this first trading day of the shortened week. On the earnings front Wal-Mart had a disappointing report and added mightily to...
Friends Stocks were humming along midday with a couple hundred point Dow gain when news hit the tape about the Mueller indictments. The Dow gain was totally erased, sending stocks tumbling into negative territory. But when it was clarified that it was 13 Russians who...
Friends Stocks rallied once again today, despite a hotter than expected PPI number. What is fascinating is that the narrative from two weeks ago is now being turned on its head. Fears of inflation rearing its ugly head sent stocks into a 10% correction and bond...
Friends As we are hearing the news, with little details, about another potential mass shooting at a Florida High School, we will give you an update on the markets. Stocks recovered from an early selloff triggered by a hotter than expected CPI report. A week and a...
Friends We still have intraday volatility, but the range of motion has been narrowing over the past couple of sessions (less than 300 points today). But don't get me wrong, there is still plenty of volatility. The Dow, for instance, was up nearly 100 points at 2:40...
Friends Sometime they call it a "dead cat bounce". Stocks got off to a good start at the opening this morning, and despite some volatility, were able to stay firmly in positive territory by the close. These days, it's difficult to declare victory whether you are a...
Friends Well, we finally have come to the end of a crazy week of trading. Once again, we had stocks swing in a 1000 point range in the Dow Jones Industrial Average. Just watching the trading (and that's the best thing to do in times like this-just watch) and it's...
Friends The carnage continues as stocks continue to tumble unabated. As we mentioned, we expected the market to test the lows from earlier in the week and it appears that is exactly what is happening. To put in some kind of near term or intermediate bottom, the...
Friends The volatility was once again extraordinary today, but within a slightly tighter range than the last couple of days. Yes, we only had about a 500 point trading range today, not the 1000 point range or more that we saw on Monday and Tuesday. So I guess you...
Friends Glad some of you were able join us on the call this morning. What another wild and crazy day. After a 560 point Dow drop at the open, stocks reversed course nearly 900 points to post a 350 point gain just minutes later. After that, we seesawed around for...
