Friends   As expected, the Fed did not alter monetary policy today. During his press conference the Fed Chair basically said that they are stuck in a wait and see stance until more clarity on tariffs and other fiscal policy issues are known. Asked whether they are...

Friends   Stocks have struggled so far this week as traders appear to be waiting for announcements on trade deals as well as waiting to see what might come out of the Fed meeting. The President’s comments today seemed to downplay that any deals are close to being...

Friends   It was a bit of a sloppy start to the week but that was to be expected given the winning streak stocks have been on. The Fed’s FOMC meeting begins tomorrow and concludes with the statement and a press conference tomorrow afternoon. We are not expecting any...

Friends   This morning’s jobs report was better than expected with 177,000 new jobs created in April vs. the 133,000 that analysts had predicted. Stocks liked it, bonds did not. From the open, stocks moved higher and so did bond yields (bond prices down). Many have...

Friends   Ok, we are off to a decent start to May. After the close yesterday we got earnings releases from Microsoft and Meta, and both were fantastic. Today after the close we get to see what Apple and Amazon have to say. The Dow and the S&P’s winning streaks are...