Friends The bears gave it a good push for most of the trading session, but Apple being both in the Dow and the S&P just couldn't be held down. The big tech earnings, especially Apple, Amazon and Facebook were stellar after the close yesterday, which fueled a surge...
Friends We got our first look at 2nd quarter GDP today, and as expected it wasn’t pretty. Maybe more concerning is that weekly jobless claims have been back up a couple of weeks in a row now. We know the labor picture is extremely distressed and will likely continue...
Friends I was so engrossed in the flogging of Mark Zuckerberg, Jeff Bezos, Sundar Pichai, and to a lesser degree Tim Cook by the folks on the Hill, I almost forgot to do this email. Fed Chair Powell also held his presser after the Fed Decision (the Fed did not change...
Friends The pattern we are seeing with earnings is that often the lowered expectation bar is being cleared, but the companies are finding it very difficult to find anything positive about the immediate future. Investors know the difficulties these companies face, thus...
Friends It’s a big week for earnings with Apple, Amazon and Google all reporting after the close on Thursday. We also have a Fed meeting which will conclude with Chair Powell’s press conference on Wednesday. As for today, news of drug companies moving into phase 3...
Friends The bears got the upper hand again today, as earnings season is proving to be somewhat of a challenge. Results have been as expected, but companies are very concerned about how the next couple of quarters are going to play out, and investors are starting to...
Friends The bulls finally ran out of gas. Despite good earnings reports from the likes of Microsoft and Tesla, a downgrade of the shares of Apple by Goldman Sachs seemed to set the tone early, and stocks in general came under selling pressure later in today's trading...
Friends It was a quiet, non-descript session for most of the day, but the bulls did press the action just a bit in the final hour of trading. Earnings releases are the main story this week with Microsoft and Tesla after the close today. So far, stock reaction to...
Friends The bulls were holding on to a nice rally, one that was similar to last week in that it was broader than recent advances, when headlines began to indicate that a new relief bill out of Congress wasn't going to be a slam dunk. At least it appears that there...
Friends Despite more encouraging news on the vaccine front, stocks were struggling through the early part of the trading session. But, as the day wore on, the bulls got a little more interested and by the close stocks had posted decent gains. The big move was in the...
Friends Stocks drifted somewhat aimlessly today, as market participants seemed happy just to see the week come to an end. There was no real good news, but I guess we could say that there was no real bad news either. Covid-19 continues to spread in the south and west,...
Friends Today’s market action had a feel to it that I would describe as nervous. No, stocks actually held in rather well and the losses were modest, but there seems to be a general nervousness hanging over the markets. Nervous about Covid19 headlines, nervous about...
Friends It was a headlines type of day. Good news on the vaccine front sent stocks decisively higher in early trading, then China tension headlines erased those early gains. But, as the afternoon wore on the bulls were able to push stocks back into higher territory....
Friends If you thought yesterday's ugly reversal in stocks, combined with continuously worsening Covid-19 headlines and difficult talk from the nation's biggest banks was going to send stocks tumbling today, well, you'd be wrong. Despite plenty of reasons for stocks...
Friends The recent darlings (Tesla, Amazon, Apple, Microsoft) were having another great trading session until early afternoon when things were thrown into reverse. Since those darlings account for most of the returns these days, the market averages gave up all of...
