Friends It ends up being a very good week for the bulls. First, the Fed delivered the more moderate/dovish message that the markets were hoping for, and as we enter the weekend, there is hope that some sort of trade agreement will come out of the G20 summit. So,...
Friends After yesterday's rally, stocks were vulnerable to any type of negative news. After a soft opening, stocks rallied on news that the President was feeling like a deal with China could get done this weekend, should he feel like dealing. But almost immediately...
Friends It appears that all Fed Chair Powell had to do was give the Fed a little leeway with regards to future rate hikes, and the bulls would run again. In his presentation to the Economic Club of New York, the Fed Chair delivered the slightly more dovish view of...
Friends After stocks had posted nice gains to begin the week, yesterday just at the close, came news of a Wall Street Journal interview with President Trump where he reiterated his intentions to go forward with tariffs if things don't go well this week with the...
Friends After Friday's miserable half session performance, stocks rose at the sound of the opening bell this morning and held the gains, and even added to them, as the trading session wore on. There was no real catalysts for the rally (as there was really no catalyst...
Friends Stocks rallied in the first hour of trading and it appears that everyone went home after that. There was a dead cat bounce in some of the tech names early on, but some of those gains bled away as the afternoon wore on (as did the gains on the Dow). On the...
Friends You know, if you really look at the numbers, retailers are actually delivering very good earnings reports this week, but given the environment for stocks none of that matters. Once again stocks took it on the chin today as early selling had stocks languishing...
Friends It was another difficult start to a week, as stocks slumped early and continued to lose altitude throughout the trading session (except for a quick bounce at 2:00). Today's Housing Market Index report showed considerable weakness as future sales are being...
Friends Another crazy day of trading as stocks continue to react to every report (true or not) about China and tariffs. After being down more than 300 Dow Points, stocks rallied on reports that China might be making some concessions and the tariffs which had been...
Friends Well, it was another volatile day for stocks and early gains turned into sizable losses, only to see the losses erased and so on... Continued weakness in shares of Apple illustrates how the market leaders have been taken to the woodshed over the last 6 or 7...
Friends It was no surprise that we had another volatile/swinging day in stocks. Early in trading stocks were posting triple digit gains for the Dow only to see that evaporate and turn into triple digit loses. The bulls tried to rally the troops in the last half hour...
Friends Well, all the good work the bulls did early last week has all but been erased over the last few trading sessions, with today's downturn being the most dramatic. You know the worries-rising interest rates, rising inflation, earnings and margins peaking,...
Friends A much hotter than expected PPI inflation number helped set the tone for a downward tilt to stocks today. Add to that White House advisor Peter Navarro throwing cold water on hope of a trade deal with China and we had stocks as represented by the Dow down...
Friends As expected, the Fed did not raise interest rates today, but short of a total unforeseen event, the FOMC is poised to raise rates in December. After that, they are signaling that we are likely to see 3 more hikes in 2019, and then an additional 3 hikes in...
Friends It appears market participants are quite comfortable with gridlock. After yesterday's election results produced the most likely and anticipated outcome, traders were in a buying mood this morning. The buying urge grew during the President's press conference,...
