Friends Well, as expected, stocks drifted higher into the Thanksgiving holiday. A strong durable goods number and an upwardly revised 3rd quarter GDP number helped set the positive tone for stocks at the open. And, as was the case all week long, the market averages...
Friends Stocks are drifting higher this week, but without much conviction as traders seem to have already headed out for the Thanksgiving holiday. We have seen a pattern where we post a modest gain at the opening and basically drift aimlessly for the next six hours....
Friends Stocks begin this holiday shortened week with a nice rally today. The market averages moved up nicely at the open and basically held serve for the rest of the trading session. It’s not unusual for Thanksgiving week to be a good one for the bulls. Since 1945...
Friends Once again stocks experienced an early selloff, followed by a slow recovery, and finally a late dip. But, when all was said and done the damage to the market averages has been muted so far. Frankly, the pause that we are seeing this week might actually be one...
Friends We mentioned yesterday that we were going to get earnings reports from several retailers this week. Well, today's results were mixed with both Kohl's and Home Deport delivering disappointing results while TJX (TJ Maxx, Marshalls, and HomeGoods stores)...
Friends Stocks looked like they wanted to add to Friday’s gains before the open this morning, but yet another report out of China about some trepidation that the Chinese are having with regards to a trade deal, deflated the enthusiasm. Stocks mainly hung around the...
Friends Buoyed by positive comments about a trade deal with China (yes, I actually laugh a bit when I type it), stocks moved higher today in a somewhat quiet and deliberate manner. The trade deal with China headlines are almost a daily occurrence and thus the power of...
Friends Despite a plethora of comments from Fed officials this week, not to mention the beginning of impeachment hearings in the House, stocks have been very quiet all week long. Yes, there have been a few ebbs and flows, but in the end the dilemma that we spoke about...
Friends Simultaneously we had the first day of impeachment hearings and Fed Chair Powell testifying on Capitol Hill. Neither seemed to stimulate any trading direction on Wall Street. Stocks meandered along and were slightly positive before a Wall Street Journal report...
Friends It was another very quiet trading session with mixed results once again. The bond market was back open today, but that didn't seem to make much of a difference. The President gave a speech focused on economics, but that didn't seem to fire up any animal...
Friends Given that the bond market was closed on this Veteran’s Day, it was a very quiet day of trading for stocks as well. In general it was a trading session with a downward tilt, but an afternoon rally in the shares of Boeing helped keep the Dow near the breakeven...
Friends A headline that the signing of a China deal might be delayed until December sent stocks reeling during today’s trading session (ok, I’m just kidding). Actually, stocks basically did a whole lot of nothing today, and headlines about deals or no deals with China...
Friends Stocks were mixed in today’s trading. Perhaps market participants will begin to get a little bit reluctant to put new money to work at these levels. But, despite the seeming lack of buying interest today, there appears to be very little selling interest...
Friends Stocks continued to add to last week's gains with the market averages hitting new all-time highs. It was a quiet and calm advance with stocks mainly holding the gains achieved in the first hour of trading for the balance of the trading session. For the day,...
Friends The jobs report had a little something for everyone today. The non-farm payroll number was much better than expected (128,000 new jobs in October vs. 75,000 expected). In addition, the prior two month’s numbers both saw sizable adjustments with the August...
