Friends Stocks made several attempts to add to Friday's modest recovery, but in the last half hour the bears got the upper hand. The Dow had been up more than 100 points early in the afternoon before wilting, but you could feel the sense of caution among market...
Friends The volatility continues as an early morning 400 Dow point rally was quickly erased by midday. But, as the afternoon wore on, those who "needed" to sell apparently were able to do so during the morning rally, as stocks climbed higher in the last hour of...
Friends It was another crazy day of trading, similar to what we saw in February and other recent pullbacks. Stocks dropped 500 Dow points, rallied back to positive territory, then tumbled 700 points, rallied back about 500 points to set up a final swoosh down into...
Friends Stocks suffered quite a selloff today. Worries about interest rates and the perceived hawkishness of the Fed were top of the list, but also there are concerns that we have seen a peak in earnings and companies will be warning about higher input costs over the...
Friends Another volatile day for stocks as the market averages advanced and retreated numerous times throughout the trading session. Worries over rising interest rates and political headlines sent stocks into negative territory several times during the trading...
Friends After last week's volatility it was going to be interesting to see how stocks got out of the starting gate this week. Well, it was another volatile day of trading. After a soft open, stocks rallied into positive territory mid-morning. But by lunchtime stocks...
Friends Let's start with the jobs report. 134,000 new jobs were created in September, and that was less than the 180,000 expected. But, the revisions upward for July and especially August were significant and thus gave the September number a little cover (as did the...
Friends While the economy keeps displaying signs of strength, interest rates continue to rise - so much so that it finally got the attention of the stock market. At its worst today, the Dow was down more than 350 points, but as the afternoon wore on, stocks were able...
Friends Once again, we saw the same pattern of trading every day this week. Early morning rallies continue to fade as the trading session wears on. Again, we had a tasty triple digit gain in the Dow this morning fueled by a much better than expected ADP Private...
Friends It was a mixed day for stocks that ended up following a similar pattern as yesterday's trading. Stocks enjoyed an early surge led by the Dow only to have a lot of steam come out of the proceedings as the trading session wore on. The Dow did register new...
Friends Stocks rallied a bit on news of the new trade deal with Mexico and Canada (USMCA), but not everything participated. Small Caps and Nasdaq both were laggards despite the bullish tint to the proceedings. After a very good 3rd quarter for the bulls, things are...
Friends Stocks coasted into the end of the quarter on fumes, as the political events of the past couple of days seems to have distracted traders away from the markets. Since the Fed move on Wednesday, there hasn't been any real catalyst to excite the bulls or the...
Friends Were they trading stocks today? I was completely engrossed with testimonies on television. But yes, stocks did trade today with a slight upward bias. By the close, the Dow Jones Industrial Average was up 54 points to finish the day at 26,439. The S&P 500...
Friends As expected, the Fed did raise the Fed Funds rate by a quarter of a point. The rate now sits at 2%-2.25%. The other interesting thing about today's Fed statement is the removal of the term "accommodative". The Fed finally feels that they have removed...
Friends It was a struggle for stocks today as the bulls seem willing to pause while we wait for the Fed decision on rates (they will raise the Fed Funds rate tomorrow). In addition to the Fed decision, trade war fears still seems to be the one thing that has given...
