Friends We saw a little more volatility on this last day of trading for the quarter, mainly driven by comments from Fed Chair Powell, but in the end the bulls still appear to have hold of the high ground. The Fed Chair hinted that quarter point rate cuts might be...
Friends Stocks were mixed today as we wind our way towards the end of the 3rd quarter. On the economic front the August personal consumption expenditures price index (PCE) increased 0.1% which was what analysts were expecting, putting the all-important inflation...
Friends The bulls were back at it today as stocks moved higher at the opening bell, and were able to hold onto those gains throughout the trading session. On the economic front weekly jobless claims fell more than expected (which is good) and durable orders came in...
Friends The Dow had a few components that had really bad days causing that index to have a larger downside move than the S&P or the Nasdaq during today's trading session. On the whole, it was another somewhat quiet day as the bulls appear to have run out of gas...
Friends, It was a quiet day of trading with a slightly upward tilt. Market participants will be focusing on economic data in the coming weeks, looking to determine if a soft landing is indeed in the cards. It would be just fine if the market averages took a pause...
Friends, It looked today like market participants were out of gas as markets were pretty quiet all in all. We’ve had a lot of economic data to chew on recently, and we’ve seen the Fed embark on a new path with monetary policy. A breather was warranted. For the...
Friends, It’s appears, at least for a day, that market participants decided not to fight the Fed. Stocks soared higher right from the opening bell and never really looked back. Not everything was a winner but the move higher in the winners greatly outpaced the...
Friends, The Federal Reserve decided to cut the Fed Funds rate by 50 basis points today. The yield will now be 4.75% -5% (it was 5.25%-5.50%). Given the Fed probably could have cut by a quarter point back in July, today’s 50 basis points move seemed to sit fine with...
Friends Stocks gave up early gains in today’s trading session, as market participants brace themselves for tomorrow's Fed decision on interest rates. It’s hard to tell just what the market wants to hear from the Fed. We are going to see a cut in the Fed Funds rate,...
Friends Will it be a quarter of a point? Will it be a half of a point? Market participants are anxiously awaiting the Fed’s decision on interest rates which we will get on Wednesday afternoon. In the meantime, stocks were mixed today with value/interest rate driven...
Friends Stocks finished another wild week on a very high note. Coming into the week it looked like the economic slowdown narrative had the bulls playing defense, but as the week unfolded and inflation data was mostly as expected, stocks staged quite a rally. As...
Friends The Producer Price Index, or prices at the wholesale level, came in about as expected today. Overall, the trend is still positive with regards to inflation, but there are still some pockets of concern for the Fed. Regardless, it appears now that all of the...
Friends We saw stocks do quite an about face today as the Dow for example, which had been down nearly 750 points in early trading, erased all of those losses and ended the day higher. The Nasdaq was the biggest star moving more than 2% higher by the close. Early...
Friends Evidently the bulls were able to gather their forces over the weekend and make a nice charge on this first trading day of the new week. There was no real catalyst to move stocks higher today other than bargain hunters taking advantage of last week’s selloff....
Friends This morning’s jobs report was a bit of a mixed bag. Instead of the expected 161,000, we saw 142,000 new jobs created in August. We did see the unemployment rate tick back down to 4.2% as expected and the average hourly earnings number was a little higher...
