Friends   We had more great earnings reports and continued mixed reactions to them yesterday after the close and into today’s trading, but the overall market had an upward bias to it despite a disappointing GDP number. It appears that market participants are...

Friends   Wow, there’s a lot to cover so here we go. First of all we got some terrific earnings reports after the close yesterday from Apple, Google, Microsoft, AMD and more. These big tech/growth companies are absolutely crushing it earnings and revenue wise,...

Friends   Despite more good earnings reports, stocks sold off today in a kind of “sell the news” reaction. Sure, there are concerns about the Covid-19 resurgence and there is a Fed meeting going on today and tomorrow, but investors will be focused after the...

Friends What worries? Monday’s “pullback” seems to be a distant memory just 2 trading sessions later. Sure, some pretty darn good earnings reports from corporate America have been helpful (but no real surprise), but when bond yields stopped plunging and recovered...

Friends After an initial drop, bond yields moved higher, investors had a sigh of relief and stocks recovered a lot of yesterday’s losses. Those sinking bond yields were giving investors heartburn so when that tide turned today, market participants got a little more...

Friends The rising fear that Covid variants may take the steam out of the great reopening sent stocks tumbling today. Over the past year we have seen certain stocks move higher while interest rates were rising. We saw other stocks move higher while interest rates...

Friends   Stocks moved lower throughout the day, but more than a selling surge it appeared to be a buyers strike. Perhaps worries over the reports of virus variants gaining strength and infection rates increasing put market participants in somewhat of a let’s...

Friends   It was another day of trading with mixed results. Today the Dow was able to spend most of the day in positive territory, but the tech heavy Nasdaq was under selling pressure the entire trading session. Breadth was decidedly negative indicating once...

Friends   Though Fed Chair Powell reiterated the Fed’s dovish stance testifying before the House Committee on Financial Services, stocks drifted somewhat aimlessly during today’s trading session. Only the big tech names such as Apple, Microsoft and Google have...

Friends   We had a trio of very good earnings reports this morning, but only one winner in terms of stock price. Both JP Morgan Chase and Goldman Sachs had excellent earnings reports but their shares moved lower as the good news appears to have been priced in...

Friends   As traders gear up for earnings season, stocks had a mildly bullish session with the market averages posting modest gains. As usual the first week of earnings season is filled with reports from banks including J P Morgan Chase and Goldman Sachs...

Friends   As per our discussion earlier in the week today was an “inflation on” day. We saw the long bond move back up nicely in yield and stocks rocket higher from the opening bell. After market participants spent the week wringing their hands over the move in...

Friends   It was a difficult day for stocks as fears of virus variants possibly putting the brakes on the great reopening sent interest rates lower as the 10 year Treasury note yield plunged below 1.30%. Stocks got off to a rocky start also with the Dow falling...

Friends While bond yields continue to drift lower, confounding market participants, stocks reacted positively to the Fed minutes that were released this afternoon. The takeaway from the notes was that while discussing the all-important asset purchase program Fed...