Friends What a year! After the craziness that was 2020, it is not surprising that the market, and market participants, seemed just about out of gas as the finish line was crossed. But, stocks were able to rally late in the day to post a nice gain by the close....
Friends The Santa Clause rally got back on track today, but there still seems to be little conviction as traders hold on for dear life till year end. Stocks began the day higher and did hold onto the gains throughout the trading session, though as mentioned there...
Friends Things started off well, with stocks breaking to new highs in early morning trading. But, as the day wore on things began to unravel just a bit and sellers began to take some well-deserved profits. So, for a day anyway the Santa Clause rally was...
Friends Frist of all, I hope everyone had a nice Christmas. Now, as for the markets, Christmas Eve was the first day of the fabled Santa Claus rally and we did see the market averages end slightly higher last Thursday. Today, day 2, saw stocks do even better. The...
Friends For those of you who have been with us for a while you may remember me talking about the Santa Claus rally back in 2008. Well, actually I was pleading for a Santa Claus rally back in 2008 as you may remember, as we were in the middle of the financial...
Friends Well, it wasn't so much "sell the stimulus package news" as it was fear of a new virus strain in the United Kingdom that sent stocks lower at the open this morning. Things did recover some throughout the day but by the end of the trading session only the Dow...
Friends It was a difficult day for stocks as the weight of Tesla being added to the S&P 500 and the never ending stimulus talks took a toll on the market averages. First, Tesla being added to the S&P 500 is like putting a whale in a lake. Adding it to the...
Friends Despite another disappointing and actually quite disturbing weekly jobless claims number, stocks once again pushed higher. Again, we are hearing that a stimulus deal is in the works, and that is likely continuing to be a tailwind for stocks. So, not...
Friends The Federal Reserve concluded its final FOMC meeting today and the result was not unexpected. There was no change in interest rates and the indication from the release is that the Fed Governors don’t see an increase in interest rates by the Fed for at...
Friends More hope for a stimulus deal helped spur a rally in the market averages. Evidently, the big players are meeting this afternoon and hopefully something good will come out of it. Again, the stock market has surely done well this year, but so many small business...
Friends The vaccine is being shipped, the first recipients have begun to receive their first shot, and stocks responded well in early morning trading. But, other than the tech heavy Nasdaq, stocks quickly gave up their gains and by the close the Dow and the...
Friends Despite sizzling action in IPOs and numerous headlines pertaining to Covid-19 vaccines, it was a non-eventful week for the market averages. Congress can’t seem to agree on a stimulus bill, but of course that has been the case for months now so it...
Friends It was a hugely successful day in the IPO market led by DoorDash, but the success of the IPO's seemed to suck all of the air out of the room (or the money out of the Nasdaq). As the IPO shares soared, high flying stocks on the Nasdaq tumbled. By the close, the...
Friends It was a positive day for stocks, but for some reason it didn't feel that bullish. Maybe I am just adding my own biases into the equation, but things just feel a little frothy/toppy at the moment. IPO's are rolling out in record numbers, via SPACs, investors...
