Friends Well so much for the dog days of summer. August was a tremendous month for stocks as measured by the market averages. Yes, some stocks were much more fortunate than others, but considering the headwinds that the markets faced, it was another impressive monthly...
Friends With the Fed standing firmly by their side, the bulls continue to push stocks higher. Yes, the economy has recovered somewhat, but news from the airlines and companies like Coca-Cola continue to shine a light on what is likely to be a longer term concern....
Friends Jerome Powell reminded us that the Fed is all in. In his speech this morning, the Fed Chair indicated that the Central Bank will moderate its view of inflation, should it rear its ugly head, and that interest rates are going to remain at zero for a long time....
Friends Stocks continue to grind higher with big tech names leading the way. You know the names, Apple, Microsoft, Amazon, Facebook, Google and of course Tesla. The breadth was decent, with the exception of energy names, but the move in general was somewhat...
Friends Stocks gave up an early rally and spent most of the day in negative territory. But, as the trading session wore on stocks strengthened and in the end, only the Dow closed in the red. I had mistakenly mentioned that Apple was splitting today, but it actually...
Friends Tesla and Apple were strong out of the gate this morning, but as the trading session wore on, they handed the baton off to the rest of the market and a nice broader advance ensued. Apple actually has its stock split after the close today so it was able...
Friends It’s a battle between Tesla and Apple to see which stock can get more ridiculously overbought. That’s not a comment on the companies themselves. They are fine companies and make great products. But, Tesla’s market cap is now more than 4 times bigger...
Friends Stocks fought their way higher today despite no real good news. The unemployment picture continues to be horrific, as the disconnect between Main Street and Wall Street continues. But, as we know, there is a lot of liquidity in the markets and a lot of...
Friends We saw more good retail numbers from Target and Lowe’s. It’s not really surprising that the stores that were deemed essential and were allowed to remain open during quarantine have been the beneficiaries of consumer dollars, but having said that there...
Friends Despite some amazingly good retail news from both Walmart and Home Depot today, it was the big cap tech names that were the stars of the day, as Amazon, Apple, Google and Microsoft all pushed higher. Both Walmart and Home Depot had been trading at all-time...
Friends It was a mixed day for stocks with Nasdaq doing well while the Dow slumped at bit. Retailers were winners today with the likes of Walmart, Target, Costco, TJX, Home Depot and Best Buy all doing well. The industrial and material names that had been showing...
Friends We saw a bit of a tug of war between the bulls and the bears today as stocks drifted back and forth with no real commitment in either direction. Economic data is getting a little better, but market participants are reluctant to see that as anything...
Friends Stocks cooled off a little today, as concerns that the folks on the Hill are far apart on a second stimulus bill seemed to weigh on the markets. Big growth names Apple and Amazon fared well, but the stocks that had been favored in recent sessions saw some...
Friends The bulls were back at it today attempting to push stocks to all-time highs. Can you imagine we are talking about stocks at new highs with the economic conditions that we are enduring? Nevertheless, stocks continue to gain strength and the broadening out of...
Friends The broadening out of the market advance was well in play for the third day in a row until the last hour of trading today. Stimulus talks bogging down on the Hill and an announcement a college football conference was postponing the football season seemed to...
