Little Reaction to Iran Deal

Little Reaction to Iran Deal

Friends  As expected, and as promised, the President announced today that the U.S. is withdrawing from the Iran deal. Oil prices gyrated, especially after rumors midday that the President was not going to withdraw from the Iran deal, but ended lower for the session....

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Stock Rally Muted

Stock Rally Muted

Friends  Things were a bit choppy today, but with a positive bias. Stocks rallied in early trading after the Warren Buffett/Berkshire Hathaway weekend in Omaha set the tone, but after a couple of hundred Dow point gain, the word that the President was going to...

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Stocks Rally Into The Weekend

Stocks Rally Into The Weekend

Friends  After yesterday's reversal in stocks, all eyes were on this morning's jobs report. 164,000 new jobs were created in April which was a little less than expected, but the unemployment rate fell to 3.9%- which was the headline, and the monthly and year over year...

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Little Reaction to Iran Deal

Big Reversal

Friends  Though the final numbers don't indicate much, stocks experienced an impressive reversal today, as at one point this morning the Dow was sporting a nearly 400 point decline. That loss was erased in the midday portion of the trading session, and stocks then...

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Fed Holds But Stocks Fall

Fed Holds But Stocks Fall

Friends  The Fed decision today not to raise interest rates was certainly not a surprise. Stocks rallied for about 10 minutes after the announcement this afternoon, but quickly reversed course and again headed into negative territory. Once again, despite good earnings...

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Stock Rally Muted

Sell in May?

Friends  Sell in May and go away. That’s a well-worn adage on Wall Street. What it basically refers to is that over the last hundred years, stocks have performed better in the six month period from November thru April than the six month period of May thru October. Of...

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