Friends As more and more coronavirus cases are being reported, the markets continue to be roiled. As mentioned yesterday, we are almost certainly going to see volatility increase, as extremely oversold conditions create violent rallies. The game plan for long term...
Friends After two days of heavy selling, stocks got caught in a volatility tunnel today with the Dow both up 400 points and down 200 points at different parts of the trading session. This is a pattern that we have seen since the financial crisis a dozen years ago....
Friends Stocks came under another brutal day of selling pressure as fears the coronavirus continues to ramp up. Let’s take a moment to try to analyze and understand what is going on. For weeks, we have wondered why market participants weren’t taking the economic...
Friends Well, today it finally mattered. We’ve wondered aloud for the past few weeks why stock market participants seemed so sanguine about the coronavirus and its likely effects on global growth. Today, with reports of more outbreaks in other countries, stocks came...
Friends It appears that at around midmorning the coronavirus, Bernie Sanders could be President, and global economic slowdown all at once mattered to market participants. Stocks dropped nearly 400 points at a franticly quick pace. But, as the trading session wore on,...
Stocks had a quiet but profitable day for the bulls. Hoping that the most recent data on the coronavirus is beginning to show a positive trend, buyers were ready to step in at the open this morning, but the rally was somewhat muted and unenthused. Nevertheless,...
Friends Stocks came under selling pressure today, and it appears that the sellers had good reason. First, Apple announced that sales in China are being greatly affected by the coronavirus and store closings. Then Walmart, in its earnings call after their earnings...
Friends Stocks attempted to rally from an early morning selloff, but by the end of the trading session the selling pressure was just a bit much for the bulls to counter. Overnight, reports on the coronavirus from the CDC seemed to cause a little more concern than we...
Friends Stocks continue to drive higher, all worries or worriers be damned. This has truly been a couple of amazing weeks for the stock market. Despite concerns about stalling global growth at the hands of the coronavirus, the market averages continue to surge to new...
Friends Stocks seesawed a bit today spending most of the day in positive territory, although the market averages did dip into the red a couple of times. Much of today’s focus was on Fed Chair Powell’s testimony before Maxine Waters’ House Financial Services Committee....
Friends After stocks experienced a little left over selling from Friday, the buyers stepped in and once again the market averages were pushed towards all-time highs. No, the coronavirus headlines really don't seem to be getting any better, but market participants just...
Friends We were treated to a very tasty jobs report this morning, as 225,000 new jobs were created in January. The unemployment rate is at 3.6% and year over year wages grew at 3.1%. Despite the good economic news (capping a week of good economic news), stocks finally...
Friends Stocks were a bit quieter today, but the bulls still are holding on to the high ground. Again, despite continuing concerns about the coronavirus (well, at least I still have continuing concerns) it appears that liquidity and fear of missing out has overridden...
Friends When I was preparing for the week Sunday evening, I felt pretty sure it was going to be a difficult one for the bulls. Boy, was I wrong. Stocks have gone up all week, despite continuing concerns over the coronavirus. Yes, we have had some good news with...
Friends Holy moly, what a rally! Once again, despite lingering concerns about the coronavirus and it’s likely effects on global growth, stocks fueled by central bank liquidity surged higher today. Corporate earnings have been decent so far. For instance, Clorox had a...
