Friends As you know, tariffs are the Presidents favorite blunt instrument to influence behavior, but markets aren’t particularly fond of them. The President’s threat to impose tariffs on Mexico if they don’t become more active/helpful in the immigrant crisis sent...
Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was up 43 points to finish the day at 25,169. The S&P was up 5 points to close at 2,788. Gold was up $6 to trade at $1,292 per ounce,...
Friends The correction in stocks that we referred to yesterday was in full view today as headlines about the Chinese playing hardball and the Special Counsel Robert Mueller’s press conference, where he seemed to embolden the Democrats to seek impeachment proceedings,...
Friends Whether it is because of trade war consequences (likely) or simply that stocks are too expensive (not necessarily), stocks are experiencing a correction. We have many times in the past referred to market action as our guide as to just what we are experiencing...
Friends, Jim is out of the office this afternoon, here are how the markets ended. For the day the Dow Jones Industrial Average was up 96 points to finish the day at 25,587. The S&P 500 was up 3 points to close at 2,826. Gold was down $1.20 to trade at $1,284 per...
Friends Stocks tumbled today as tensions heightened over the trade war situation developing with China. Market participants have been hesitant to buy over the past several weeks, and the developing clouds continue to darken. The market did recover some...
Friends More retailers releasing earnings including Target, which was really good, and Lowe’s which was not. In addition to news about retailers we got the release of the Fed minutes today and it appears that the FOMC’s biggest concern is the lack of inflation. The...
Friends Mixed earnings reports from retailers failed to temper the enthusiasm of the bulls today, quite the opposite of yesterday. Despite the mixed message from the retail sector, trade headlines or sometimes the lack thereof seems to be much more important to...
Friends It was a somewhat soft beginning to the week for stocks, as more than real selling pressure, there simply does not seem to be much of an appetite to buy. The continuous drumbeat of trade war headlines continues to weigh on the markets collective psyche while...
Friends Stocks were once again confounding the bears after another early morning selloff was erased with a late morning rally. The market averages then drifted aimlessly for several hours before another report (I know, I know) indicated that talks with China have...
Friends Jim is out of the office this afternoon, her are how the markets ended. The Dow Jones Industrial Average was up 214 points to finish the day at 25,862. The S&P 500 was up 25 points to close at 2,876. Gold was down $10.80 to trade at $1,287 per ounce, while...
Friends Stocks were under selling pressure at the open, but as we have seen for some time now, a headline can change market direction on a dime. News that auto tariffs would be delayed for some months caused early stock market weakness turn into some late morning...
Friends A few kind words here, and a wink and a nod there and stocks bounce after yesterday’s selloff. Though tariffs are ratcheting up and the winds of trade wars continue to build, positive headlines/rumors still seem to have some effect on the markets. But, stocks...
Friends It was an ugly day for stocks. With the chances of a trade deal with China now very slim, at least in the near term, both parties have now switched to imposing greater tariffs as their tool of retaliation. Stock index futures traded sharply lower overnight,...
Friends What a day in the stock market. Stocks tumbled early after it was announced that the new tariffs would be going into effect and that, though talks were still proceeding, any deal with China was far from concluded. The Dow tumbled about 350 points throughout...
