Friends Stocks coasted to the finish line today, and 2019 was a great year for investors. In a week or so we’ll put out our piece looking back at 2019 and then looking ahead to 2020. In the meantime, everyone have a safe and happy New Year’s celebration, and we’ll...
Friends Stocks finally hit a little bit of a snag. With market participants just trying to get to the finish line, some unexpected sellers showed up to throw up a bit of a road block. For the first time in a while, a little selling wasn’t met with desperate buying....
Friends It’s going to be really interesting to see if this continues into the new year- likely it will not. What I am speaking of is the Groundhog Day type market action we have seen for a few weeks now. Stocks simply drift for the entire trading session, mainly in...
Friends What a difference a year makes. Last Christmas Eve I sat staring at my computer screen while stocks tumbled in historic fashion. That 20% drop we saw in the 4th quarter of 2018 left investors quite shaken and fearful of what was ahead in 2019. Well, as we know...
Friends Just as last week, we don’t expect anything earth shattering to happen during this holiday week of trading. Today’s action was similar to last week’s trading with stocks up slightly on very little volatility. Once again, it appears that there are simply a lack...
Friends Once again, stocks drifted higher and once again, it appeared that it was simply a matter of no sellers to be found. The final look at 3rd quarter GDP was unchanged and other than that, as we have mentioned, there really was not going to be anything that would...
Friends Stocks continued to grind higher today. With very little in the way of news (other than impeachment, which investors care little about), the path of least resistance continues to be to the upside. No, stocks aren’t cheap at these levels, but sellers are...
Friends Again, not surprisingly, it was another quiet day of trading as we steer this ship towards Christmas and the year end. Other than the impeachment proceedings going on in the House of Representatives (which the market seems to care little about) there really...
Friends Not surprisingly it was another quiet trading session with a slight upward bias. As we have pointed out, other than impeachment and politics, there really isn’t that much more headline news expected before year end. Today’s housing starts and building permits...
Friends Stocks continue to carve out new highs after the phase one trade deal was agreed upon last week. Of course, the devil is in the details and enforcement, but for the moment the idea that there will be no new tariffs in the near future has been a shot in the arm...
Friends It was Fed day, and as expected there was no adjustment to interest rates. And, if you believe Fed officials and pundits, there might not be any interest rate adjustments for quite some time. Of course, we’ve heard these types of proclamations and analysis...
Friends As confusion reigns over the likelihood of a trade deal, or at least a delay in new tariffs, stocks drifted lower for the second day in a row. Again, the move was less than convincing, but nevertheless Friday’s jobs report induced euphoria has seemed to...
Friends Stocks seemed to be experiencing a bit of a hangover from Friday’s jobs report fueled rally. There were a couple quick forays into positive territory, but for the most part the market averages spent the day in the red and finally gave back about a third of...
Friends Wow, the jobs report was quite an eye opener. First of all, 266,000 new jobs were created in November, which was much better than expected. There were also upward revisions to both the September and October numbers adding another 41,000 jobs to earlier gains....
Friends After a quick but muted bounce at the open, stocks traded near the flat line for most of the trading session. The impeachment announcement by Speaker Pelosi had little effect on the markets, as it was not unexpected. Now, we wait for tomorrow's jobs report. As...
