Friends   Rising interest rates (bond market selling off) seemed to put a bit of a damper on the stock market today. After seeing nothing but falling rates and rising bond prices for the last several months, rates have moved decisively higher in the past week after...

Friends   Today’s non-farm payroll number came in much better than expected with 254,000 new jobs created in September vs. the 150,000 expected by analysts. We also saw a sizable upward revision in the August number. Stocks liked the news, bonds did not. Bond yields...

Friends   As we mentioned earlier in the week, recent headlines have become headwinds for stocks. Tensions in the Middle East has caused oil prices to rise fueling fears of inflation. Remember, the Fed has embarked on their easing cycle so any disruption to the...

Friends   It was a very quiet day of trading as market participants didn’t seem to have conviction in any direction. The bulls have had most of the fun so far this year, while the bears have been waiting for something to break. The strike at the East coast and Gulf...

Friends   It was a very difficult day of headlines for the markets to grapple with. Iran was firing ballistic missiles at Israel and on the domestic front we have dock workers going on strike (a potentially inflationary occurrence). The market averages were not able...