Friends   Though earnings are not beating estimates (they are off about 2%-3%), corporate revenues are slightly ahead of analysts’ estimates as we near the halfway point of this earnings season. So far, it appears that stocks were priced for something worse....

Friends   Stocks got off to a rocky start this morning with the Dow down over 300 points in early trading. But buyers stepped in and pushed the market averages higher, with the aforementioned Dow actually moving into positive territory by more than 100 points....

Friends   The bulls made an appearance at today’s trading session after a surprisingly good earnings release from Netflix yesterday after the close. The tug-of-war over the next couple of weeks will be between corporate earnings and Fed Speak. Stay tuned.  ...

Friends   The bears have made their presence known so far this week. After a good start to the year for the bulls, reality that the economy is slowing, and the Fed doesn’t seem to care has begun to set in. Today’s PPI and Retail Sales numbers showed again that...

Friends Stocks were lower today but most of the damage was done in the Dow Jones Industrial Average. Huge declines in Goldman Sachs and Travelers dragged the Dow lower while the other market averages fared better. Goldman’s earnings miss was curious given that Morgan...

Friends   We had earnings releases from money center banks this morning including JP Morgan, Bank of America, Citi, and Wells Fargo and all were acceptable. Shares of the banks had moved higher into the print but after an initial selloff at the open, the shares all...

  Friends   By almost every data point the CPI report came in as expected. Year over year inflation has come down from a high reading of 9.1% to today’s number of 6.5% (again that number was in line with expectations). Inflation is definitely moderating but is it...

Friends   Don’t look now but we have a little rally going. Stocks have for the most part moved higher since the beginning of the year, but the first real test will come tomorrow morning with the release of the much-anticipated CPI report. It is assumed that inflation...

Friends   Good news on the employment front (the ADP private payroll number was much hotter than expected) was bad news for stocks today. Add to that comments from Fed officials confirming the higher for longer stance with regards to interest rates and the bulls...

Friends   2023 started off with somewhat of a whimper today as stocks were lower throughout the trading session but closed well off the lows of the day. Big names Apple and Tesla struggled mightily and weighed on the market averages. It wasn’t all bad as...