Friends Stocks saw a wonderful reversal today as early morning weakness was bought by market participants moving stocks nicely higher by the close of trading (other than Nasdaq which still remained in negative territory). On a technical basis, stocks tested the...
Friends It was a difficult day for stocks. We got the Fed’s favorite inflation indicator this morning, the core personal income expenditures (PCE), and it came in a little hotter than expected. Surprisingly, bonds rallied after the release as yields fell a full...
Friends After an early day selloff, stocks did recover some as the trading session wore on, actually breaking into positive territory before selling off again near the close. The President announced 25% tariffs on cars not made in the U. S., but we might be coming...
Friends Stocks were choppy today as the bulls had a difficult time overcoming the Conference Board’s consumer confidence reading which was the lowest in 12 years, showing consumers’ concerns about the economy and the labor market. Respondents also have become...
Friends Stocks got off to a great start for the week as traders were encouraged to hear the President soften his stance on upcoming tariffs. Of course, this is a very fluid situation and can change from moment to moment. But market participants were looking for...
Friends The markets looked to be in a foul mood as the trading session began this morning, but comments from the President midday about some flexibility with regards to tariffs helped to ease the pain a bit and stocks did recover some from the morning lows....
Friends Stocks were unable to add to yesterday's gains as trading was rather quiet on this day after the Fed meeting. It appears that market participants are still mainly concerned about tariffs which are scheduled to be introduced on April 2nd. Though I was...
Friends As expected, the Fed did not change interest rates today, but they did change the rate of run off of their balance sheet. In other words, they lightened up a little bit on their quantitative tightening process leaving more liquidity in the system on a...
Friends Stocks got off to a good start for the week and now we have had two nice up days in a row after last Friday’s rally. Again, was that it, a 10% correction and now we are off to races? Probably not. But, as I mentioned Friday, it’s nice to see stocks go...
Friends As we expected, stocks were so oversold we were due for some type of rally. Despite this morning’s weak consumer sentiment number, stocks seemed relieved that we didn’t have tariff talk during the trading session. Is the coast clear? No, we still likely...
Friends It’s time for a wellness check for everyone. With the S&P 500 down 10% from its high (or in correction territory) I want to take a moment to put things in perspective. As I mentioned earlier in the week, we know that to achieve long term investment...
Friends It’s a little odd to say that stocks had a kind of decent day when I tell you that the Dow ended down 478 points for the trading session. But things were better for the bulls by the close than they were midday when the Dow was down more than 700 points. The...
Friends Well, this is getting ugly now. The downturn in stocks accelerated today and the White House doesn’t appear to be willing to throw a lifeline to market participants. “Might be some short-term pain” seems to be the message and pain there is. Nasdaq for...
Friends This morning’s non-farm payroll number came in at 151,000 new jobs having been created in February. The unemployment rate ticked up to 4.1%. For the most part the jobs data came in about as expected. Stocks tried to rally slightly at the open but quickly...
Friends And back down again we go. The volatility continues and it was another very difficult day for stocks with the tech heavy Nasdaq leading the way lower, down more than 2.60% for the day. Whatever the outcome of all the tariff talk, market participants are...
