Friends Microsoft had good earnings after the close yesterday and the shares did well today. That’s where the good news ends. Google/Alphabet looked to have decent numbers at first glance yesterday but the fear that the behemoth is losing ground in the AI race sent...
Friends A somewhat calm bond market and good earnings from the likes of Verizon, GE, 3M, and Coca Cola helped stocks move higher, and this time it wasn’t just a handful of names that have been carrying the water all day. With that said, after the close today we will...
Friends The bond vigilantes took shot at 5% on the 10-year Treasury Note again this morning, but like Friday morning resistance held and yields moved lower in the aftermath. The narrative developing today (encouraged by a big-name Hedge Fund manager who closed...
Friends Stocks finished off a pretty difficult 4 day stretch today. After hitting 5% on the 10-year Treasury Note late yesterday, bonds rallied a bit with the 10-year yield moving back down towards 4.92%. But it’s likely that the 5% number will provide minor...
Friends New day, same story. Long term interest rates moved higher, and stocks moved lower. Yes, the bulls did try to generate a little rally in stocks this morning but ultimately, they could not generate enough fire power to stem the selling tide. Confusing signs...
Friends Well, that was ugly. Interest rates moved higher on the long end of the yield curve and stock prices moved lower. Though those companies who are reporting earnings so far seem to be beating analysts’ estimates, it appears that market conditions in general...
Friends A much stronger than expected retail sales number sent bond yields higher this morning and stock prices lower. Stocks did recover to work their way into positive territory later in the day, but by the close the market averages had fallen back into negative...
Friends The bulls must be anticipating a very rewarding earnings season. Stocks moved higher today and were able to hold onto juicy gains for the entire trading session. All this despite interest rates moving higher with the 10-year Treasury note’s yield moving...
Friends The bulls tried to muster a nice rally this morning, but when a less than enthusiastic consumer confidence number came out at 9:00 the rally fizzled, and stocks struggled to find a footing the rest of the trading session. By the close, the Dow Jones...
Friends Bond yields moved higher after a little hotter than expected CPI report this morning, and as has been the case lately when rates rise stocks fall. Luckily for the bulls the decline was muted as there was a little buying later in the trading session. For...
Friends Bond yields fell quite a bit today (bond prices moving higher) which helped stocks maintain a solid footing for the moment. Yesterday’s stock rally while the bond market was closed appears to have mostly priced in the anticipated (given the global events)...
Friends Stocks understandably sold off at the open this morning after unrest in the Middle East transpired over the weekend. It is difficult to focus on the stock market when there is so much human suffering going on around the world but that is our job after all....
Friends Did I mention that jobs day can be volatile? Remember, analysts were expecting that about 170,000 new jobs were created in September and most market participants would have been fine with a number less than that. Surprise, surprise. There were 336,000 new...
Friends Today’s weekly jobless claims was disappointing to the bulls because it signals that the jobs market continues to remain stubbornly strong. I know that sounds goofy, but that was the narrative today. We’ll get a full look at the labor market tomorrow with...
Friends Get interest rates and oil prices to fall a little bit and you can have a stock rally. That’s what we saw today. And speaking of interest rates, the climb higher is likely to be stalled at some point soon. That doesn’t mean that a secular long-term bear...
