Friends   What a week. After all was said and done stocks were mostly unchanged for the week. I bet you didn’t think you’d be reading that on Monday morning. We are still lower for the month because remember, we were down at the end of last week also. But given the...

Friends   Stocks didn’t give up their gains today. Instead, the bulls were able to move the market averages higher as the trading session wore on. Interestingly it’s not just really the magnificent seven carrying the water on this rebound. It seems that the move is...

Friends   As expected, volatility is heightened as we are seeing some rather larger intraday swings. Earlier in the day the market averages were up 1% to 2% with the Dow itself up several hundred points. But after a weak 10-year Treasury Note auction, stocks sold off...

Friends   Was that it? Probably not. Violent market disruptions are kind of like earthquakes-it’s likely we’ll feel some aftershocks. What is interesting is that we keep getting corporate earnings reports and for the most part they have been very good (see Caterpillar...

Friends   I mentioned in our June 28th email that it is common during a calendar year for the market to experience a 5% to 10% pullback in stocks and that we wouldn’t be surprised, given all that is happening, to see something like that in the second half of 2024....

Friends   We mentioned that this week would likely be one to remember with regards to economic data and volatility. It was. On the economic front we got a jobs number that was weaker than expected, 114,000 new jobs created in July vs. the 185,000 expected. The...

Friends   Wednesday – “the Fed has signaled that they will begin to lower interest rates in September- full speed ahead.”   Thursday – “oh my God the Fed should have cut rates yesterday; the economy is collapsing”   The truth probably lies somewhere in between the...