Friends Stocks posted gains on this last trading day of June, but those gains were much larger midday (the Dow sporting a nearly 300 point gain at one point). The last 2 hours of trading saw most of those gain evaporate. Today was a good example of how difficult the...
Friends The bulls did some buying in the sectors that have seen recent weakness today, snapping up shares of industrials, financials and even some staples. It wasn't a rally that one would want to brag about, but at least the bulls were able to put one in the win...
Friends Stocks had a ugly reversal today as a nice rally based on perceived lessening of trade war tensions turned into a bit of a mess. Energy shares buoyed by higher oil prices remained up for the session, but technology, financials, industrials and materials all...
Friends The bulls tried to rally the troops today, and indeed, stocks were higher, but by close most of the gains had bed been erased and market participants seemed uninterested. Trade war concerns continue to dampen enthusiasm which is a shame because earnings have...
Friends Fear of escalating trade wars sent stocks tumbling today, as market participants are concerned that things are starting to get real with regards to tariffs. By the close, the Dow Jones Industrial Average was down 328 points to finish the day at 24,252. The...
Friends The Dow broke its eight day losing streak and was the star of the trading session led by energy shares and industrials. The S&P 500 was up but modestly, while the previous champion the Nasdaq actually was down a bit. There weren't any market moving...
Friends The Dow suffered a decline for the 8th straight day in a row-adding up to nearly 4% over the eight days. Hmm, pretty sneaking if you ask me. In somewhat of a paper cut fashion the Dow, which contains companies that would be affected by trade wars, has fallen...
Friends Stocks were mainly mixed as the Dow slumped a bit while the likes of Amazon, Google, Facebook and Netflix all pushed higher. Stocks that have stalled include financials, industrials and materials. Volatility was muted as the bulls, other than for the momentum...
Friends As the "trade wars" with China ratchet up, stocks have been heading south. No, it hasn't been a bloodbath, but the rally that the bulls were putting together a couple of weeks ago has disappeared for the time being. Big industrial names like Boeing and...
Friends Stocks figured to be down at the open given the announcement of the Chinese trade tariffs, and they were. By mid-morning the Dow was sporting a nearly 300 point loss, but as the trading session wore on stocks recovered a good portion of those losses. By the...
Friends Despite a fantastic retail sales number, stocks were mostly quiet and mixed for the day, although Nasdaq was the winner. The 10 year Treasury note has actually slipped a little in yield since the Fed raised the Fed Funds rate yesterday, settling today near...
Friends As expected, the Fed did raise the Fed Funds rate a quarter of a point which now stands at 1.75% to 2%. The FOMC statement did indicate that they still see 2 more rate hikes this year and 3 next year. That would bring this year's total to 4 rate hikes and not...
Friends Once again, markets were somewhat unaffected by the global headlines overnight. Despite the theater in Singapore, market participants appear to be more focused on the Fed and the likelihood of the FOMC announcing a rate hike tomorrow. Stocks were mixed, with...
Friends Market participants didn't seem that concerned about the supposed "breakdown" of trade talk at the G7 meeting over the weekend. Of course traders have their eyes on the Korean summit that is about to take place, but let's not take our eye off the ball of the...
Friends As world leaders gather in Quebec for the G7 meeting, it appeared by the lack of action in the stock market today, that traders may have headed for the beach early. Stocks did post gains for the trading session, and it was a very good week in general for...
