Friends, Of course, last week was the worst of the year for stocks. Thanks Jim. Stocks did try to stage a comeback today with the Dow up more than 370 points in early trading. But all those gains basically evaporated as the trading session wore on. I’m still on the...
Friends More mixed action in the stock market as while the Dow reversed early losses, the S&P and the Nasdaq remained in negative territory during the trading session. The biggest stumbling block for the bulls this week was stronger than expected economic and...
Friends An army of Fed officials were speaking today, and they took the opportunity to try to take some of the enthusiasm out of the stock market. The bond market has finally sold off a little recently, but the rising stock market of late was not helpful to a Federal...
Friends Today’s Consumer Price Index data came in a little hotter than expected. Yes, year over year we are still seeing a decline in inflation, but the pace of that decline is glacial. We have seen inflation go from a pace of 9.1% last June to 6.4% today....
Friends The bulls are feeling pretty good these days, even emboldened enough to rally into a CPI print. Last year market participants were often quite cautious in the lead up to key economic/inflation data, but buyers were out in force today, seemingly unafraid that...
Friends Yesterday we saw stocks start the day higher only to reverse course and move decisively lower by the close of trading. Today we started the trading session with stocks firmly in negative territory only to reverse course and see stocks decisively higher...
Friends After a nice move higher at the open fueled by earnings reports from the likes of Disney and Pepsi, stocks lost all of their gains and fell decisively into negative territory. Is this move that we have seen higher since the beginning of the year losing...
Friends The bulls were not able to follow through on yesterday’s gains as stocks spent most of the trading session in negative territory. With no real catalyst, there just didn’t seem that market participants had much interest in today’s proceedings. Maybe a little...
Friends A heavily anticipated and much watched interview with Fed Chair Jerome Powell seemed to deliver what the bulls were looking for. Basically, the Fed Chair, despite last Friday’s explosive jobs number, stayed the course hinting that we’ll likely only see...
Friends It looked like stocks really wanted to go lower today, but the dip buyers continue to stave off bigger declines these days. As mentioned last week we will begin to hear from Fed officials this week and some investors are concerned about the...
Friends Last year the Nasdaq 100 was down about 33%. This year so far, the Nasdaq 100 is up about 17%. Let that sink in for a moment. Meta (Facebook) was the leader today after a surprisingly good earnings report and an encouraging outlook which finally...
Friends As expected the Federal Reserve raised the Fed Funds rate a quarter of a point today. That brings the range of Fed Funds to 4.50% to 4.75%. Interestingly in the press conference after the release the Fed Chair struck a somewhat dovish pose indicating that...
