Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We...

Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the...

Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and...

Friends It was another quiet day of trading as market participants wait for a bevy of big tech earnings and the results of an important Fed meeting. We’ll get the Fed’s decision on rates (there will be no change) and the statement tomorrow afternoon. That will be...

Friends It was a tentative day of trading as market participants brace themselves for an avalanche of earnings reports. We get a look at Tesla’s earnings after the closing bell today and then a plethora of important companies will be reporting as the week unfolds. As...

Friends   Stocks rebounded from the “capital gains tax shocker” to recover most of yesterday’s losses. Of course, yesterday’s news on taxes from the President wasn’t really a shocker. We all know that it is likely that taxes are going up. The only question is...

Friends As corporate earnings reports begin to rollout, we are simultaneously seeing a little weakness in the market averages. Today we saw strength in the staples and pharmaceuticals, but most everything else was mainly left behind. Early returns have basically been...

Friends   The bulls continue to dominate the action on the field, pushing the market averages higher on what seems like a daily and weekly basis. Some of today’s winners are tied to the incredible housing boom we are seeing across the country. The builders, the...

Friends   It was another good day for the market averages, though not every sector participated in the advance. Today’s winners were the big tech names and basically growth in general. The recent favorites- banks, industrials and energy all were sources of funds...

Friends It was a mixed trading session today, with the Dow hanging onto small gains while the S&P and the Nasdaq struggled. The big growth winners from last year experienced the most selling pressure today. We saw good earnings from a handful of big banks as...

Friends This morning’s Consumer Price Index number was a little hot, but frankly not as hot as I believe market participants were expecting. The S&P 500 and the Nasdaq had nice days as only the Dow lagged, hurt by Johnson & Johnson and a few other names such...

Friends   After last week’s surge in the market averages, stocks took a little bit of a breather today. There was no real news to drive the direction of the markets today but we are entering earnings season this week, so we will get a look at corporate America’s...

Friends   Stocks finished up another very good week with a rally that picked up steam as the trading session wore on. There just seems to be more and more money coming into the market, sucking up new issues, SPACs and add-on stock offerings. It is very impressive...

Friends   It was another nice, somewhat orderly, advance in stocks today. Continued hope that we will have a robust economic recovery which will not include any long term inflationary pressures is keeping the bulls enthused.   For the day, the Dow Jones...