Friends It was the revenge of the nerds today. The stodgy old Dow Jones Industrial Average was the big winner today led by Salesforce but joined in by many of the other 29 stocks in the index. The glamorous Nasdaq was actually down for the day. Remember, while the...
Friends It was another very uneventful trading session today as stocks gave up early gains and subsequently drifted back and forth across the breakeven line throughout the later part of the trading session. Bonds on the other hand continue to rally pushing rates...
Friends In the past we have talked about how interest rates might rise for good reasons or bad reasons. The same can be said for the reverse. Interest rates have begun to move lower recently, and the question is, is it for good reasons or bad? Good reasons would be...
Friends The Thanksgiving holiday is behind us, but the markets looked like they were still a little stuffed from too much turkey. Stocks opened a little lower but basically drifted along for the entire trading session. Traders are trying to determine if we are due...
Friends It was another good day for the bulls and a nice way to slide into Thanksgiving. Stocks moved higher from the open and stayed nicely in positive territory for the entire trading session. It was indeed a nice rally into Thanksgiving, which as we have...
Friends It looked like traders were ready to head out for the Thanksgiving holiday today as stocks drifted aimlessly in negative territory for the entire trading session. After the close, though, Nvidia releases their earnings report and that will likely light up...
Friends It was a very quiet day of trading. The bulls seemed a bit tired, and the bears seemed defeated. Interest rates have fallen over the past couple weeks and maybe have found a new level to operate from. Time will tell. As for today, by the close the Dow...
Friends It was a day where traders chose to digest some of their recent gains. It also was a day when a couple of companies that reported earnings had a little indigestion with regards to their shares. Walmart reported what looked like pretty good earnings but...
Friends Following yesterday’s tepid CPI number was today’s better than expected (softer) PPI number. Add to that a better-than-expected retail sales number and you pretty much have a goldilocks scenario for the bulls. Inflation is taming, the consumer is spending...
Friends Stocks surged higher on a better-than-expected CPI report. Important in the CPI number was that the core which strips out food and energy was the lowest in 2 years helped by rents and shelter inflation finally beginning to falter. There is excitement that this...
Friends Late Friday Moody’s Investor Services lowered the U. S. credit rating outlook to negative from stable. Citing large fiscal deficits, the ratings agency kept a AAA rating on U. S. debt but basically indicated they are keeping a sharp eye on the proceedings....
Friends Stocks soared higher today and contrary to the rumors I have not embarked on another vacation. It wasn’t really about interest rates as yields moved little during the trading session. The Nasdaq and big tech are leading the way once again and it appears that...
Friends It was a familiar pattern today. One we have seen for months now. Interest rates moved higher on fears that the Fed might not be done raising interest rates and stocks fell. We had seen stocks move up over the past week when interest rates moved lower, and the...
Friends It certainly feels like the markets are trying to still digest last week’s gains. Neither the bears or the bulls were able to accomplish much today, and volatility has mostly dissipated. We knew it was a week that was going to be somewhat lacking with regards...
Friends After a mild dip at the open this morning stocks moved calmly higher and held onto modest gains throughout the trading session. Though stocks have enjoyed more than a week of trading gains now, it’s still hard to find much enthusiasm for this market. The...
