Friends After a terrible 4th quarter of 2018 where we saw that worst December for stocks since the 1930’s, market participants were the recipient of a stellar 1st quarter of 2019. After the Dow had tumbled nearly 10 % just in December, highlighted by a 2.35% drop on...
Friends It was a somewhat quiet day with respect to volatility, but all in all it was a positive day for the bulls as we wind down to the end of the 3rd quarter. The final read on 4th quarter GDP was revised downward, and again feeds into the narrative that the...
Friends Well, that was an odd day for stocks. With bond yields plunging early, recession talk was on the lips of market participants, and stocks tumbled into negative territory with the Dow down more than 200 points. The bulls clawed their way back to positive...
Friends Stocks got off to a rip roaring start this morning with the Dow sporting a nifty 200 point gain shortly after the opening. But, as the morning wore on those gains eroded basically erasing the early morning advance. The bulls gathered themselves, however, and...
Friends It was big day for news headlines, but stocks remained mostly unaffected. After Friday's mess, it was interesting to see if stocks would follow through to the downside when trading started today. Also, it was interesting to see how the release of the Mueller...
Friends As soon as the yield curve inverted (3 month yields higher than 10 year yields) this morning, stocks took a tumble. One might even be led to believe that algorithms were in place to sell stocks instantly as soon as the yield curve inverted. Indeed, stocks...
Friends The bulls were disappointed in yesterday’s price action after the dovish FOMC statement, but were more than satisfied with today’s delayed reaction. Stocks gathered steam after a quick selloff at the open and tacked on some nice gains by the close. Nothing...
Friends I half expected Fed Chair Powell to conduct his post FOMC press conference from an aircraft carrier donning a fighter jacket, while declaring “mission accomplished”. Indeed, the normalization of monetary policy has apparently been achieved - at least for now....
Friends Although we don’t expect much to come out of this week’s FOMC meeting, it felt like market participants were in a wait and see mode today. Stocks did spend most of the day in positive territory but only modestly and without much conviction. But, at this point...
Friends The fifth time was a charm. After 5 tries since the 4th quarter of last year, the bulls finally penetrated the 2800 (2815 level to be exact) on the S&P, and were able hold it into the close. The economic data was mixed with consumer confidence and job...
Friends It was an extremely quiet trading session today. Without any catalyst in either direction, stocks simply hovered around the breakeven level and showed little conviction. Brexit, a China trade deal, political intrigue- nothing seems to be affecting the markets...
Friends It is somewhat fascinating after last week's market doldrums and the fact that the market has lost one of its leaders that stocks continue to tack on gains for the week. Speaking of lost leaders, the grounding of Boeing's 737 Max airliners put more pressure on...
Friends The Dow Jones Industrial Average endured an auspicious start to the trading session this morning as one of its major components (Boeing) came under heavy selling pressure. As you likely know by now, Boeing’s 737 Max -8 has now had two deadly crashes lately,...
Friends 10 years ago today (actually March 9th 2009) in the midst of the great financial crisis, stocks finally bottomed after a more than 50% drop in a year and a half. At that moment it was the second more than 50% drop in the stock market in less than 10 years. I...
Friends Stocks continue to slide in today’s trading as concerns about slowing economies around the globe mount. Sure, central banks are ready and willing to continue the easy money policies of the past 10 years, but the worry is that we will continue to experience...
