Friends What a day a difference makes. Yesterday, the bears looked firmly in charge, and just a day later, the bulls regrouped and bought the dip. The ADP private payroll number was a little light and the first quarter GDP number was revised lower (but most...
Friends Stocks slumped under the weight of worries about Italian politics and debt and the contagion that could result. We've seen this movie before, and you probably remember the near collapse of Greece some years back. Once again, the future of the Euro is being...
Friends Stocks traded lower today with no real conviction. Yes, there were new headlines- the Summit could happen eventually, or not, etc. Actually, it was energy shares that accounted for the losses, as oil dropped significantly on word that the Saudi's may add...
Friends Stocks were off to a quiet start this morning with a slightly upward bias, when the news hit that the Summit meeting with the North Koreans was called off by the President. In what seemed like slow motion, stocks tumbled more than 250 Dow points. But, at...
Friends Stocks got off to a rough start this morning adding to yesterday's difficulties, but the Fed minutes release at 1:00 seemed to encourage the bulls to do some buying. The minutes indicated that the Fed is comfortable with inflation nearing the 2% level, and...
Friends As we mentioned yesterday, we don't have a very busy economic calendar this week but we are subject to headline risk and that is exactly what we got today. Stocks were happily drifting in positive territory early in today's trading session when the President...
Friends Word that the trade war with China has been put on hold for the time being, and that a framework for a trade deal was being in the works had futures higher overnight and sent stocks higher at the open. Understandably, big industrial and technology names were...
Friends It was a quiet day in the markets, and given the tragic events that unfolded at the Santa Fe High School this morning, we'll just give you the numbers and respectfully call it a day. By the close, the Dow Jones Industrial Average was up 1 point to finish the...
Friends Despite continued favorable economic data, market participants seemed more concerned with renewed trade war concerns during today's trading session, as stocks drifted into negative territory and remained there at the close. After the series of gains, the...
Friends With a nice industrial production number in their back pocket, the bulls tried to rally stocks numerous times today, but with little success. The market averages did finish in positive territory but it was a struggle, and quite frankly not very impressive....
Friends The yield on the 10 year Treasury Note cleared the 3% level and then some posting the highest yield we have seen on the 10 year since 2011, as hints of inflation sent bond prices lower. That didn't sit well with equity investors as stocks sold off early and...
Friends Stocks added to their winning streak, but like Friday it was in less than convincing fashion. With no damaging headlines to deal with, stocks advanced at the open, with the Dow sporting a more than 100 point advance. But, the rest of the day saw the market...
Friends Stocks did rally today, but it appeared that the bulls, after six previous winning sessions, were just a bit out of gas. Nevertheless, a gain is a gain. By the close, the Dow Jones Industrial Average was up 91 points to finish the day at 24,831. The S&P...
Friends It was another good day for stocks. It almost seems like once we got by the bulk of earnings season, the bulls declared the coast is clear. Word that there might be some progress being made in trade talks with China, and a couple of tepid inflation numbers...
Friends Despite the hand wringing about potential fallout from the Iran deal, and worries about the effects of rising oil prices on the economy, stocks rallied in late morning trading and held on to most of those gains as the afternoon wore on. Helping the market...
