Friends Well, that was an interesting day. This morning, we got a relatively benign inflation reading, the PCE (personal consumption expenditures price) index and stocks seemed to want to move higher especially after the selling pressure we have seen this week. But...
Friends The big growth tech names continue to sell off dragging the market averages lower as uncertainty about the economy continues to infiltrate the narrative. We saw unemployment claims move higher this week and consumer confidence has begun to weaken. Nvidia’s...
Friends Yes, we are all waiting for Nvidia’s earnings release tomorrow, but in the meantime the big-name growth stocks continue to see selling, which is taking a toll on the market averages, especially the Nasdaq. Also, in addition to the big Nvidia earnings...
Friends It was another mixed day for stocks where the big growth names of the last couple of years continued to see selling, while formerly left behind names finally received some sponsorship. Is this a true rotation from growth to value or is this just another head...
Friends The market averages, mainly the Dow Jones Industrial Average, began the day lower after a large drop in the shares of Dow component United Healthcare plummeted on news of a Justice Department investigation. Then word of a new corona virus out of China sent...
Friends Just when I thought the bears had given up for the time being, they made a surprise attack today. Walmart’s concerns over tariffs and hot stocks Palantir and Meta’s recent slides finally took its toll on the market averages today. We heard speeches from...
Friends It was another somewhat uneventful day of trading, though the bulls were able to post modest gains by the close. Typically, the second half of February is often difficult for stocks, but there really is no sign of conviction either way at the moment....
Friends It was a quiet start to this holiday shortened trading week. With no glaring headlines to deal with, market participants were mostly uninterested in making any major commitments as the market averages drifted while the long end of the yield curve sold...
Friends Stocks tried to push higher at various intervals during today’s trading session, but in the end some traders were just not comfortable holding into the 3-day weekend. Nasdaq led by Apple, Meta and Nvidia was able to hold onto gains, but those gains were...
Friends Both yesterday’s CPI data and today’s PPI data were hotter than expected. Yesterday, bonds did sell off, but they rallied today. Stocks didn’t seem bothered by the data at all. The market averages all moved higher as if they have no concern at all about...
Friends Watching Fed Chair Powell testify before the Senate Banking Committee this morning, I concluded that they should just put a cardboard cutout of the Chairman at the table while the Senators bloviate to the cameras. They know he won't/can’t comment on...
Friends This morning’s jobs data was a bit of a mixed bag. Non-farm payrolls came in at 143,000 vs. the 170,000 analysts expected, while the unemployment rate came in at 4% which is a little better than the 4.1% expected. Average hourly earnings were hotter...
Friends It was another mixed day for stocks with the Nasdaq and S&P 500 posting modest gains while the Dow moved lower. After the close we get an earnings report from Amazon and tomorrow morning we will get a look at the non-farm payroll number. Analysts’...
Friends Despite a disappointing earnings release from Google after the close yesterday, stocks found their footing today and were mostly able to move higher. Nasdaq was able to squeeze out a small gain, but the Dow carried the water for stocks in general....
Friends Stocks mainly traded higher today with the market averages adding different percentage gains across the board. Tariff talk continues to be front and center, but we also are in another very busy week of earnings. We still have behemoths Google and Amazon...
