Market Update

Market Update

Friends All eyes and ears were on Fed Chair Powell's testimony before the House Committee on Financial Services today and he seemed to deliver the message that the stock market wanted. Citing over and over again the uncertainties that exist in today's economic...

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Market Update

Market Awaits Fed Chair Testimony

Friends Stocks got off to a rocky start this morning, but over the course of the trading session the market averages were able to erase earlier losses. Market participants are a bit wary of what Fed Chair Powell will say tomorrow and Thursday in front of Congress....

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Market Update

Interesting Week Ahead For Stocks

Friends It will be a busy and interesting week for the markets. Earnings season kicks off this week with the release of Pepsi's earnings tomorrow morning. On the economic front we get a look at CPI data on Thursday and PPI on Friday. But, what might trump any of that...

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Market Update

Strong Jobs Number-Good or Bad News?

Friends We had a real dose of good news is bad news for stocks this morning as the non-farm payroll number came in hotter than expected. 224,000 new jobs were created in June, which was more than expected, while the unemployment rate held mainly steady at 3.7%. Wages...

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Market Update

Have A Great 4th of July Everyone

Friends Stocks rallied nicely into the 4th of July holiday during today’s shortened trading session. The ADP private payroll number came in a bit disappointing, but the bulls were not deterred, as stocks climbed to new all-time highs. For the day, the Dow Jones...

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Market Update

Early Rally Fades but Recovers

Friends   With word that a truce was declared with China and that work on a trade deal would start again, stocks jumped to record highs at the open, in a euphoric start to trading for the 3rd quarter of the year. But, as the session wore on most of those gains...

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