Friends It was a wild ride for market participants on this last trading day of May. Headlines were coming at us at breakneck speed. On the economic front, the personal consumption expenditures price index showed inflation increasing by only 0.1% for the month and an...
Friends Both stocks and bonds were all over the place today as trade policy confusion clouds the waters. Market participants liked Nvidia’s results released after the market closed yesterday, but Federal Courts challenging the tariffs that the President has enacted...
Friends Stocks were mostly quiet today until a report this afternoon that The White House told chip design software makers to stop selling into China. That with nervousness about Nvidia’s earnings after the close today put a damper on any buying enthusiasm. By the...
Friends Over the holiday weekend tariff tensions between the U.S. and Europe thawed and this morning’s Consumer Sentiment came in much higher than expected. This was all a green light for stocks and the market averages moved nicely higher. By the close, the Dow...
Friends The President hurled a threat at Europe this morning to start negotiating in good faith or big tariffs are coming June 1st. In addition, the President let Tim Cook at Apple know that he wants iPhones made here in the USA. Those saber-rattling comments sent...
Friends The reaction to the big, beautiful bill getting through the House of Representatives ended up being mostly muted after some early in the day consternation. At the open the yield on the 10-year Treasury note rose above 4.60% sending stocks lower. But as the...
Friends The bond vigilantes are at it again. Concerns about widening fiscal deficits are sending yields higher along the yield curve with the 10-year Treasury note yield rising to 4.58% during today’s trading session. It’s not that 4.58% is that extravagant a yield...
Friends Stocks struggled to gain any traction throughout the trading session and drifted lower by the close. There were no market moving headlines for traders to sink their teeth into as it is a slow week for economic data. By the close, the Dow Jones Industrial...
Friends It was thought that Friday afternoon’s announcement from ratings agency Moody’s that they were downgrading U. S. debt from AAA to Aa1 would send shock waves through the markets. It was not non-consequential, but there really weren’t any shock waves. First of...
Friends Though some of the big tech names struggled, it was another pretty good day for the bulls. The S&P continues to push higher and is now less than 4% from the February highs. On the retail front, Walmart had pretty good earnings but did indicate that...
Friends Stocks were mostly quiet today and if you are a bull that might be a good thing. After the rally we have seen in the S&P 500 to erase 2025’s losses, a little pause that refreshes might just be just what the doctor ordered if indeed we are going to...
Friends Don’t let the Dow fool you, it was another pretty good day for stocks. The Dow was pulled down by one stock, United Healthcare, but the rest of the market averages all saw positive returns. Sentiment has changed very quickly as just a couple of weeks ago...
Friends Word of a preliminary tariff deal with China sent stocks soaring this morning as the bears were sent scrambling to cover their shorts in the face of rising prices. Patient investors who didn’t panic sell when share prices were much lower have been rewarded...
Friends After some gyrating it appeared that market participants were simply out of gas as the trading week came to a close. Stocks tried to rally early but drifted aimlessly in the later hours of the trading session. There were some tariff headlines but nothing of...
Friends A trade deal (or framework of a trade deal) with the United Kingdom helped send stocks higher during today’s trading session. Though the market averages did finish well off the highs of the day, it nevertheless was another good day for the bulls. Word that...
