Friends After the close yesterday we got earnings from both Microsoft and Meta and both companies hit it out of the ballpark. That helped spark a rally in the Nasdaq (which fizzled at the close) while the other market averages struggled. This morning’s inflation...
Friends As expected, the Fed kept the Fed Funds rate unchanged, but it was not a unanimous vote as there were 2 Fed officials who voted for a quarter point rate cut. The markets still are betting that there is a likelihood of 2 cuts this year, one in September and one...
Friends Stocks were a little shaky heading into the eye of the storm. Over the coming three days we will have a Fed decision, inflation data, jobs data, and a plethora of important earnings releases including Amazon, Microsoft, Meta, and Apple. I don’t think the Fed...
Friends The bulls continue to push stock prices higher with corporate earnings providing a tailwind so far. We still have a big week of announcements next week with the likes of Apple, Amazon, Microsoft, Meta, Ford, AbbVie, Shell, Mastercard, Kimberly-Clark,...
Friends After yesterday's close we got a good earnings report from Google and a not so good report from Tesla. Both stocks acted accordingly. As for today’s action, the Nasdaq and the S&P were able to produce gains for the session while the Dow struggled. IBM,...
Friends News that trade deals are beginning to take shape sent stocks higher as we wait for earnings from Tesla and Google after the closing bell today. The President mentioned that a trade agreement with Japan was close, and renewed efforts to get a deal done with...
Friends Despite a few less than stellar earnings reports from Coca-Cola, Lockheed Martin and Philip Morris, the Dow and the S&P were able to carve out gains on a rather quiet trading day. Tomorrow, we get numbers from big names Google and Tesla. Maybe that will...
Friends Stocks leaned higher today as we enter a busy week for corporate earnings. Today, market participants were pleased with Verizon’s release. As the week unfolds, we will hear from Coca-Cola, Lockheed Martin, Baker Hughes, Halliburton, Alphabet (Google), Tesla,...
Friends Sure, there were tariff headlines. Heck, there are always tariff headlines. But I think stocks just kind of ran out of gas today. We have been pushing new highs almost every day lately, so a little rest couldn’t do any harm. Over the next couple of weeks, we...
Friends We had some very solid economic data this morning including a better-than-expected retail sales number. Market participants seemed pleased and once again stocks moved higher throughout the day. We also saw more good earnings releases from the likes of...
Friends He’s going to fire him. I’m not going to fire him. I might find cause to fire him. The drama over whether the President will (or even can) fire Fed Chair Jerome Powell overshadowed a tame PPI number and some good earnings reports. For the record I’m pretty...
Friends Today’s CPI number came in as expected, 2.7% annualized, but it was a higher number than the past couple of months. Stocks were mixed after the report with value names declining while growth stocks as represented by the Nasdaq and boosted by Nvidia, moved...
Friends Despite more tariff threats over the weekend stocks began the week on a positive note. As market participants continue to look past the tariff noise we now begin to head into earnings season. Starting tomorrow we will begin to hear from the big banks with JP...
Friends Market participants continue to just ignore all the tariff headlines and who can blame them. The goalposts continue to be moved, and we aren’t really sure what the consequences will be if all these tariffs actually do go into effect at some point anyway. So,...
Friends Tech stocks helped move the market averages higher today as investors shrugged off tariff noise and decided to buy the weakness of the last couple of trading sessions. Again, we a teeing it up for earnings season which begins in earnest next week. Until then...
