Friends It was a day of headlines about spending bills, tax changes and massive budget plans. But, once again the stock market shrugged it all off and pushed higher. And, once again, the bond market showed little reaction to inflationary pressures and the...
Friends The bulls tried to gather the troops throughout the day, but in the end they just couldn’t muster any real buying interest. There wasn’t any real news that would trigger a big move either way, and in the end things just drifted into the close. For the day, the...
Friends After a wild weekend in the crypto world, the stock market was surprisingly calm at the open this morning. Stocks moved higher early and the market averages were able to hold onto the gains throughout the trading session. By the close, the Dow Jones Industrial...
Friends The bulls tried to end the week on a good note and were able to push the Dow into positive territory, but the weakness in the crypto currency world seemed to cast a little gloom, once again onto the playing field. Again, the only reason I mention the crypto...
Friends As the crypto currency world calmed a bit, the bulls were able to build on some of yesterday’s late in the day recovery in share prices. Though the market averages did close off the highs of the day, traders for the most part were putting money to work for...
Friends The crypto currency world experienced some dramatic moves today and the stock market seemed to be swept up in the drama. We’ve wondered if disruptions in crypto, given how large the crypto universe has become, would cause disruptions in other markets....
Friends It was a sloppy day of trading, but the bulls were at least able to minimize the damage by the close. There are a lot of cross currents that traders are having to deal with as sectors seem to fall out then back into favor on almost a daily basis. As for today,...
Friends After the bears made some noise Monday, Tuesday and Wednesday, the bulls made their presence known over the last two trading sessions. Despite a less than stellar retail sales number this morning market participants were in a buying mood and all of the...
Friends Yes, yesterday’s email was a bit sarcastic, but I think you got the point. If inflation is indeed the next thing to worry about, stocks might be one of the best places to hide. Anyway, after yesterday’s drubbing, stocks had a big bounce back today,...
Friends If you were looking for a pullback, here you go. We have chronicled the problems that the Nasdaq has encountered recently, and now we have a quick 4% pullback in the S&P 500 within days. Today’s higher than expected (and a high number was expected) CPI...
Friends Today’s trading action was quite interesting. The Nasdaq fell once again at the open, but was able to turn the tide as the trading session wore on to actually push into positive territory for most of the afternoon. On the other hand, the Dow and the S&P...
Friends It was another very difficult day for the Nasdaq and what were up until recently the growth stocks that had led the market higher. Day after day we see these once high flyers go lower and lower, while last year’s laggards such as energy, financials and...
Friends We had a version of bad news is good news today with the non-farm payroll number coming in at 266,000 new jobs created in April instead of the more than 1 million forecasted (some whisper numbers were as high as 1.5 million). So, instead of the Fed...
Friends It was another trading day with wide divergences. Boring, stodgy staples and financials were the winners (and have been for a lot of 2021) while sexy go-go growth names continue to struggle. Well, struggle might be a kind term when you consider last...
Friends The market averages tried to rally despite a slightly disappointing ADP private payroll number, but it really appears that the bulls have run out of ammunition. The beleaguered Nasdaq was actually in positive territory for a short period of time today, but...
