Friends This morning’s inflation data came in as expected so there wasn’t much of a reaction to the numbers. Actually, it was a day where the sellers seemed to run out of gas, so the buyers stepped in and moved stocks higher. Even the Nasdaq recovered much of its...
Friends Stocks continued lower today after a less than stellar earnings report from Dow component Salesforce. Actually, the shares of Salesforce itself accounted for the majority of the decline in the Dow. Tomorrow morning, we get the Personal Consumption...
Friends It was another difficult day for stocks, especially the Dow once again. Remember, the Dow is a price weighted index with high priced stocks carrying a lot of weight. United Health Group being the heaviest weighted stock in the Dow index has been a problem...
Friends Stocks, well mainly the Dow, were down today attributed mainly to interest rates moving higher. The Nasdaq actually moved higher, and the S&P was mostly unchanged. Smoke signals coming from Fed officials continue to hint that there may not be any rate...
Friends We didn’t see any follow through on yesterday’s selloff in stocks today, as market participants did not appear to be overly concerned going into a 3-day weekend. Despite yesterday’s plunge stocks suffered minor damage for the week after all was said and...
Friends The bulls seem a little nervous before the release of Nvidia’s earnings after the close today. Stocks had trouble gaining any support throughout the trading session as Fed officials continue to imply that rate cuts may not be happening anytime soon despite...
Friends It’s been a pretty quiet start to the week as investors appear to be laser focused on the earnings release from chip maker Nvidia after the close tomorrow. Talk about a high bar to clear, but if any company can do it right now it would be Nvidia. In the...
Friends The bulls were able to move stocks slightly higher once again today as we finish the week on a high note. Of course, many of us here in the Houston area are struggling with power loss or worse after a powerful storm swept through the area last night. Let’s...
Friends The Dow Jones Industrial Average moved above 40,000 for the first time ever today but that lasted just long enough for the guys on the floor to put on ball caps with 40,000 on them. Other than that memorable event it was a pretty quiet day for stocks after...
Friends The markets liked this morning’s slightly lighter than expected CPI report. Today’s number feeds the narrative that the Fed should be able to begin to lower rates sometime this year. I’m not sure the Fed is really inclined to change anything at this point...
Friends Stocks moved higher despite a hotter than expected PPI number this morning. Once the report was dissected, market participants felt the narrative should not be disturbed. Of course, we get a look at the Consumer Price Index tomorrow. The last 3 months have...
Friends Stocks were quiet as we head into a week where we will get inflation data in the form of the CPI and PPI. We also will hear from retailers this week with earnings due from Walmart and Home Depot. So, this week has a little more meat on the bone for traders....
Friends The bulls were able to finish up the week on a positive note. Stocks were mainly in the green throughout the trading session as traders appear to be comfortable that economic conditions will eventually allow the Fed to lower interest rates. For the day,...
Friends The bulls took advantage of the bears’ lack of enthusiasm and decided to buy stocks today. Remember, there isn’t much this week with regards to market moving headlines, so it appears that up is the direction of least resistance for stocks. What I’m trying to...
Friends The market averages were somewhat mixed today with the Dow up nicely, the S&P mostly unchanged and the Nasdaq down for the day. Again, not much in the way of headlines for traders to overreact to so once again trading was quiet and lacked volatility. ...
