Friends Stocks tumbled at the open as fears that tariffs are about to be increased and a deal with China is in peril hovered over the markets. By late morning the Dow was down more than 400 points and the bears were flashing their claws. But, the President once again...

Friends As we mentioned after yesterday’s market dip, we are on headline watch and that a simple tweet can move stocks in either direction. Well, this morning we got the “Chinese want to make a deal” tweet from the President and stocks quickly moved into positive...

Friends Yesterday’s stock decline was met with some dip buying and by the close much of the damage had been repaired. But, the bears had more conviction today, and there was no dip buying to speak of during this trading session (except for the last 15 minutes of...

Friends Today’s trading session (and the overnight futures session) served as a reminder that the markets are at any moment susceptible to headline risk. News that the trade deal with China was running into problems that could lead to additional tariffs going into...

Friends We had another stellar jobs report this morning which helped fuel a nice rally in stocks (how about that, good news was good news). We saw 263,000 new jobs created in April which was better than expected and we saw the unemployment rate fall to 3.6%. Average...

Friends So, let me get this straight. Fed Chair Powell mentions that the lower inflation readings we have been seeing are likely “transitory” (not permanent), thus there would seem to be no real push to CUT interest rates anytime soon given the strong employment...

Friends Jim is out of the office this afternoon, but here are a few notes he wanted to share. The ADP private payroll number was a robust 275,000 new jobs added. Friday’s forecast for non-farm payrolls is about 213,000 new jobs having been created in April. Apples...