Friends Stocks coasted into the end of the quarter on fumes, as the political events of the past couple of days seems to have distracted traders away from the markets. Since the Fed move on Wednesday, there hasn't been any real catalyst to excite the bulls or the...
Friends Were they trading stocks today? I was completely engrossed with testimonies on television. But yes, stocks did trade today with a slight upward bias. By the close, the Dow Jones Industrial Average was up 54 points to finish the day at 26,439. The S&P 500...
Friends As expected, the Fed did raise the Fed Funds rate by a quarter of a point. The rate now sits at 2%-2.25%. The other interesting thing about today's Fed statement is the removal of the term "accommodative". The Fed finally feels that they have removed...
Friends It was a struggle for stocks today as the bulls seem willing to pause while we wait for the Fed decision on rates (they will raise the Fed Funds rate tomorrow). In addition to the Fed decision, trade war fears still seems to be the one thing that has given...
Friends Word that there would not be any trade talks with the Chinese this week had stocks lower in early morning trading. By late morning, additional White House intrigue sent stocks, other than Nasdaq, an additional leg lower. We know that we are susceptible in the...
Friends Stocks reached all-time highs today, as both the Dow and the S&P 500 soared to new heights. So much for concerns about trade wars and rising interest rates (the Fed will surely raise the Fed Funds rate at next week's meeting). Instead, the bulls seem to...
Friends Another interesting day in the markets led by another day of rising interest rates on the long end of the curve. The 10-year Treasury Note moved up to 3.07%, while the 30-year worked its way to 3.22%. I know, it doesn't sound like that big a deal, but we...
Friends So, let me get this straight. Every rumor or report that tariffs are about to be imposed by the White House sends stocks down for a quick dip. Then, when actual tariffs are announced and China retaliates, stocks rally. Ok traders, try to trade that. Indeed,...
Friends Stocks were weak today, especially the Nasdaq which was affected by losses in Amazon and other big name tech and momentum stocks. Traders are on pins and needles waiting for the Chinese tariffs that they are anticipating. There is to be some announcement...
Friends Political headlines ,tariff talk, a major storm ravishing the southeast coast, and a rather weak retail sales numbers caused traders to be somewhat stagnant as stocks vacillated between negative and positive territory during today's trading session. By the...
Friends As the Carolinas brace for Florence, stocks struggled to hang on to early gains. Somewhat muted inflation numbers both at the wholesale and retail level seemed to help boost stocks at the opening, but after that, things drifted aimlessly for the remainder of...
Friends Stocks were all over the place today, driven by trade talk rumors and perhaps just general confusion. The Producer Price Index number came in more subdued than expected as prices at the wholesale level actually fell for the month. Despite the muted inflation...
Friends Stocks stemmed an early morning selloff, reversed course mid-morning and spent the rest of the day modestly in positive territory. 9/11 is a solemn day every year, and today was no exception. Everything seemed to stand virtually still for several hours,...
Friends Stocks were mixed today, as tariff concerns offset continuing economic strength. This week is the 10 year anniversary of the 2008 financial crises, and pundits are frantically looking for reasons and signs that the next crises is right around the corner....
Friends Despite a good jobs number, stocks still struggled throughout Friday's trading session. Word that the President was ready with additional tariffs for China sent stocks to their lows midday. Things got a little better for the bulls, but in the end the bears...
