Without Much Conviction

Without Much Conviction

Friends   It was a sloppy day of trading without much conviction on either side of the playing field. Big Tech names continue to be under selling pressure and the less quality growth names from the past couple of years have yet to find a bottom, though many are...

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Without Much Conviction

Stunning Jobs Report

Friends Just as Meta (Facebook) took the wind out of the sails of the bulls on Thursday, Amazon actually helped get things back on track after a nice earnings release after the close yesterday. Then this morning we got a very good, but very confusing, jobs report....

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Without Much Conviction

Meta Sinks Stocks

Friends The bulls were feeling pretty good about themselves after four days of higher stock prices, until about a minute or two after the close yesterday. That’s when Facebook (Meta) released their earnings. Oops. That didn’t go so well. The huge social media and...

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Without Much Conviction

Bulls On A Roll

Friends, Four straight up days in a row. The bulls have built on mainly good corporate earnings (see UPS, Visa, AMD, GOOGL, Apple, Microsoft and not PayPal or Netflix) over the past several trading days. Today’s ADP private payroll number was a negative 301,000 jobs...

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Without Much Conviction

Good Start To February

Friends After a pretty difficult month for stocks, the bulls were able to get the month of February off to a good start. Market participants appear to be accepting the direction that the Fed is taking, expecting as many as 5 or 6 rate hikes this year (I still need to...

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