Friends As you might expect, given the continued Russian/Ukraine situation, stocks were all over the place today. After an early selloff, stocks rallied to move mostly into positive territory only to see the market averages go right back down near earlier in the day...
Friends Wow, what a crazy week. Word that Mr. Putin was willing to “hold talks” with the Ukrainians seemed to be the catalyst for today’s rally as stocks soared higher and were able to hold onto the gains into the close. On Thursday morning things looked as dire as we...
Friends As I am sure you know the Russians did move on Ukraine last night. Of course, we have no idea what the outcome will be. We have an idea of some of the short-term effects (see the price of oil), but no one knows just how all of this will play out in the...
Friends As expected, it was a wild day of trading after the news that the Russians had invaded Ukraine last night. Stocks fell at the open with the Dow down more than 800 points at its worst this morning. But as the day wore on it appeared that market participants...
Friends Whether it has to do with mounting global pressures or the continuing series of headwinds we’ve talked about for many months now, stocks are really struggling at the moment. The selling appears to be somewhat indiscriminating and simply a move to reduce...
Friends With a three-day weekend ahead and the winds of war blowing through the Twitterverse , stocks never really had a chance today. Oh, the bulls mounted several attempts to rally the troops, but there is just too much uncertainty heading into this weekend...
Friends With a three-day weekend ahead and the winds of war blowing through the Twitterverse , stocks never really had a chance today. Oh, the bulls mounted several attempts to rally the troops, but there is just too much uncertainty heading into this weekend...
Friends It was another difficult trading session for stocks as tensions mount along the Ukraine border. There have been some good earnings reports this week, but they are not taking precedence at the moment. The first cloud that must dissipate is the...
Friends Despite a robust retail sales number stocks still moved lower at the open this morning. The Russians didn’t move on Ukraine, but market participants aren’t convinced that Mr. Putin is just going to take his ball and go home. Stocks were lingering in...
Friends It appears for the moment that the Russians are holding off/reconsidering their potential engagement with Ukraine. That helped take some tension out of the stock market and shave a few dollars off of oil prices. This morning’s PPI number was hotter than...
Friends Market participants are dealing with a double dose of uncertainties at the moment as we get hour by hour reports of Russian movements at the Ukraine border, and constant Fed Speak from Fed officials about the course of the Fed’s upcoming tightening...
Friends It was already a somewhat gloomy day on Wall Street. Stocks had tried to show a little resilience after yesterday’s inflation fear induced drubbing, but the hangover was palpable. Sentiment was dreary, the bears were dominating business television, and by...
Friends So here is the recap of today’s market action. First, this morning before the open we got a hot January CPI number hinting that inflation hasn’t yet begun to abate. The hot inflation number caused the yield on the 10-year Treasury Note to move up above 2%....
Friends It was another spirited trading session for the bulls as even hawkish comments from a Fed President could dampen the enthusiasm. I asked yesterday if investors were becoming more comfortable with the whole idea of higher interest rates. Of course, the bears...
Friends Are market participants beginning to become comfortable with the realization that interest rates are going higher? We saw the yield on the 10-year Treasury Note move above 1.95% for the first time in a couple of years, and stocks seemed to be just fine...
