Friends For years when stocks rise we heard it referred to on Wall Street as a “risk on” day. Down days have been referred to as “risk off” days. I’d like to amend that just a bit as now I would refer to today’s down move as an “inflation off” move. Interest rates...

Friends The markets seemed to feel that today’s job number was a Goldilocks type of report. The number of jobs created was a bit higher than expected but not too hot as to stoke imminent Fed action fears. The result was a nice rally in stocks and bonds (yields lower)...

Friends   It was a quiet but positive start to the second half of the year for stocks. The first half of the year will be a hard act to follow for the market averages, but sentiment remains constructive for the moment.   For the day, by the close the Dow...