Little Reaction to Strong Jobs Number

Little Reaction to Strong Jobs Number

Friends   Stocks finished the first week of trading for 2024 in the red – the first down week in 2 months. As was the case yesterday, there was some buying early in the trading session, but the bulls seemed to fade away only to reappear near the close to keep things...

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Little Reaction to Strong Jobs Number

Bulls Limp Into Jobs Report

Friends   The bulls tried to resurface today but did so without much conviction. The Dow had a couple of nice runs higher but in the end the market averages limped into the close and for the most part stocks were lower.   For the day, the Dow Jones Industrial Average...

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Little Reaction to Strong Jobs Number

Stocks Continue Early Pullback

Friends   So, today’s release of the Fed minutes from the December FOMC meeting showed that Fed officials are looking at rate cuts at some point, but there is no real consensus on when that will happen. And for the second day in a row the Nasdaq led stocks lower. Not...

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Little Reaction to Strong Jobs Number

40 Years

Friends   Well, here we go. As we enter 2024, I begin my 40th year in the business. About the only thing I know for sure after 39 years as a market observer is that you can’t predict what markets are going to do. Heck, just look at the predictions from pundits at the...

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