No Catalyst, No Movement

No Catalyst, No Movement

Friends   Stocks were mostly quiet today other than Disney shares which basically spit the bit after a lukewarm earnings report. After the three-day rally, the market averages moved little, and investors didn’t seem to find a reason to buy em or sell em during the...

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No Catalyst, No Movement

Stocks Start The Week On A High Note

Friends   Stocks traded firmly in positive territory for the entirety of today’s trading session as last week’s late rally continued into the new week. Nasdaq was the biggest winner with big tech names leading the way.   By the close, the Dow Jones Industrial Average...

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No Catalyst, No Movement

Bad News Is Good News

Friends   Today we saw a bit of bad news is good news as this morning’s non-farm payroll number came in lighter than expected. 175,000 new jobs were created in April vs. the expected 240,000 new jobs. The unemployment rate also ticked up to 3.9% instead of the 3.8%...

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No Catalyst, No Movement

Stocks Rally After Yesterday’s Weak Close

Friends   Despite yesterday's selloff near the close, market participants seem content with the hand that the Fed dealt them yesterday. Again, Fed Chair Powell tried to calm the fears that given the recent data on inflation we might actually see a rate hike in the...

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No Catalyst, No Movement

Stocks Cough Up Post Fed Gains

Friends   The markets have been wary of the results of today’s Fed meeting worrying that the Fed Chair might just mention the possibility of actual rate hikes if inflation doesn’t behave. Well, the Fed Chair pretty much dismissed the likelihood of a rate hike this...

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