Friends Stocks didn't end the month of April on a high note, but all in all it was a good month for stocks. I have a few thoughts in the video attached. For the day, the Dow Jones Industrial Average was down 288 points to finish the day at 24,345. The S&P 500 was...
Friends Good news on the medical therapeutic treatment drug front moved stocks higher today, and confirmation from Fed Chair Powell that the Fed is all in kept stocks higher. Now, of course, the Fed does have some limitations, but Chair Powell made it clear that any...
Friends As expected, we are getting very little guidance as companies release and then talk about their earnings reports. We heard this morning from Pfizer, Merck, 3M, PepsiCo, Caterpillar and Southwest Airlines. Numbers are obviously not good, but companies...
Friends We are going to hear from a lot of companies this week as they report earnings. The interesting thing is, that looking back really doesn’t tell the current story, and looking forward is as clear as mud. Companies are simply not going to be able to provide much...
Friends It was looking to be a somewhat quiet, nondescript sort of day, when all of a sudden a little rally in stocks broke out. Earnings continue to be ok as we look backward, but companies are basically refusing to try to give any forward guidance at this point....
Friends Oil continued to recover from the nightmare earlier in the week, and once again stocks tried to follow along. Actually, it looked like stocks were set to move nicely higher, but a less than flattering, but also less than reliable report around midday about a...
Friends Oil recovered some today, and so did the stock market. So far, it appears that the oil market is this week’s leading indicator for stocks. On the earnings front, Netflix had a blockbuster report which was not unexpected, as did Kimberly-Clark which was also...
Friends Once again, the disruption in the oil markets seemed to really set a dour tone for the stock market. After the rapid rise in stock prices the last couple of weeks, it’s not surprising that we would give back some of those gains, especially given that we’re in...
Friends The fireworks around the May WTI oil contract melting down, weighed on stocks during today’s trading session. Stocks started lower but had recovered some by midday, but the spectacle of an oil futures contract falling way below zero seemed to spook market...
Friends It was a good day for stocks buoyed by good news on the therapeutic front and the hope that at least some of the economy can start to reopen sooner rather than later. We've added a video to discuss why stocks have recovered over the last couple of weeks. For...
Friends As expected, we had another horrifying weekly jobless claims number. That folks are at home and out of work at the moment is no surprise, but when these numbers are released it still is shocking. Nevertheless, the markets seemed to focus more on the “back to...
Friends You may have noticed over the past few weeks that we try to temper our enthusiasm on up days, and try not to get too disturbed by down days. The up days are great, and mostly they have been fueled by Fed liquidity, then down days happen and we focus back on...
Friends The bulls stepped back in today and took charge of the proceedings, much like they have for the last week and a half. We continue to see the flattening of the virus curve, and talk has begun to turn to when we can start to open the country back up. But,...
Friends Stocks struggled for most of the trading session, except Amazon, which bucked the trend and forged higher. After we saw a very good advance for stocks last week, fueled by encouraging news that mitigation seemed to be flattening the virus curve, and...
