Friends The quarter ended on a high note for the bulls and what a quarter it has been. We saw stocks tumble in April and on this last day of June we are parked at all-time highs for the market averages. Over a 90-day period we experienced Liberation Day where...
Friends Stocks surged to new all-time highs this morning but did see some profit taking early this afternoon. But the bulls did some more buying in the final hour of trading moving the market averages back to those morning highs. We had some less than stellar...
Friends It was a good day for the bulls. The market averages continue to move towards record territory despite lots of hand wringing among Wall Street analysts. Tariff deadlines appear to be continuously movable and market participants have been directing their...
Friends More than any real selling pressure it just felt like there just weren't any market participants interested in buying today. The market averages are flirting with all-time highs, but it appears the bulls are a little tentative about taking the plunge into...
Friends Hopes that a ceasefire brokered by President Trump between the Israeli’s and the Iranians will hold sent stocks nicely higher today. The market averages are starting to flirt with all-time highs again as we make our way towards the end of the 2nd quarter of...
Friends By now I am sure you are aware that the United States bombed Iranian underground nuclear sites this weekend and that Iran kind of “retaliated” today. Did stocks crumble? Did oil prices soar to $100 per barrel. Umm no. Stocks were mostly quiet before today’s...
Friends It was a very quiet day of trading as I suspect that many traders headed for the Hamptons on Wednesday for a 4-day weekend. With no new economic data and nothing new out of the White House with regards to the Israel/Iran situation, market participants had...
Friends As expected, the Federal Reserve did not change monetary policy today. The Fed Funds rate remains the same 4.25% to 4.50% and the Fed Chair emphasized in his press conference that risk remains about equal on both sides of the equation. Remember, the Fed’s...
Friends The situation in Iran is certainly the main driver of market direction at the moment, but while all that is happening, we still continue with business as usual with regards to the economy. Today’s retail sales report showed a decline for May, but some of...
Friends While the markets try to handicap the Israeli/Iranian conflict, the Fed has an FOMC meeting this week. We will get the Fed statement and the Fed Chair’s press conference on Wednesday. With everything that is going on the Fed is surely just going to stand pat...
Friends Given the headlines overnight it wasn’t a surprise that stocks were down and oil prices were up for the trading session. It’s also not a surprise that things got worse as the day wore on given that no one really knows what might transpire over the weekend. ...
Friends It was a somewhat quiet trading session, but the bulls were able to squeak out small gains in the market averages. This morning’s PPI number was similarly benign like yesterday’s CPI number, giving the bulls further confidence that inflation is under control...
Friends A benign CPI number and reports of a trade deal with the Chinese helped stocks get off to a good start this morning. But as the trading session wore on those gains disappeared and the market averages ended the day in negative territory. I think we saw a...
Friends Stocks were quietly higher as market participants are hopeful that tomorrow’s CPI inflation number will be benign thus giving the Fed a clearer path to eventually lowering the Fed Funds rate. Of course, these economic data points are tricky, so we’ll see how...
Friends A better than expected jobs number and silence from the President and Elon Musk helped fuel a nice rally in stocks today. The market averages moved higher on the release of the non-farm payroll number showing that 139,000 new jobs were created in May, a...
