Friends Word that there would not be any trade talks with the Chinese this week had stocks lower in early morning trading. By late morning, additional White House intrigue sent stocks, other than Nasdaq, an additional leg lower. We know that we are susceptible in the...
Friends Stocks reached all-time highs today, as both the Dow and the S&P 500 soared to new heights. So much for concerns about trade wars and rising interest rates (the Fed will surely raise the Fed Funds rate at next week's meeting). Instead, the bulls seem to...
Friends Another interesting day in the markets led by another day of rising interest rates on the long end of the curve. The 10-year Treasury Note moved up to 3.07%, while the 30-year worked its way to 3.22%. I know, it doesn't sound like that big a deal, but we...
Friends So, let me get this straight. Every rumor or report that tariffs are about to be imposed by the White House sends stocks down for a quick dip. Then, when actual tariffs are announced and China retaliates, stocks rally. Ok traders, try to trade that. Indeed,...
Friends Stocks were weak today, especially the Nasdaq which was affected by losses in Amazon and other big name tech and momentum stocks. Traders are on pins and needles waiting for the Chinese tariffs that they are anticipating. There is to be some announcement...
Friends Political headlines ,tariff talk, a major storm ravishing the southeast coast, and a rather weak retail sales numbers caused traders to be somewhat stagnant as stocks vacillated between negative and positive territory during today's trading session. By the...
Friends As the Carolinas brace for Florence, stocks struggled to hang on to early gains. Somewhat muted inflation numbers both at the wholesale and retail level seemed to help boost stocks at the opening, but after that, things drifted aimlessly for the remainder of...
Friends Stocks were all over the place today, driven by trade talk rumors and perhaps just general confusion. The Producer Price Index number came in more subdued than expected as prices at the wholesale level actually fell for the month. Despite the muted inflation...
Friends Stocks stemmed an early morning selloff, reversed course mid-morning and spent the rest of the day modestly in positive territory. 9/11 is a solemn day every year, and today was no exception. Everything seemed to stand virtually still for several hours,...
Friends Stocks were mixed today, as tariff concerns offset continuing economic strength. This week is the 10 year anniversary of the 2008 financial crises, and pundits are frantically looking for reasons and signs that the next crises is right around the corner....
Friends Despite a good jobs number, stocks still struggled throughout Friday's trading session. Word that the President was ready with additional tariffs for China sent stocks to their lows midday. Things got a little better for the bulls, but in the end the bears...
Friends Stocks recovered from an early morning selloff to post modest losses by the close. Nike was a drag on the Dow after their rather curious new ad campaign was unveiled yesterday. But, stocks in general had a negative bias as we move into September, the month...
Friends The talks are off! The talks are still on! As headlines flashed about the Canadian trade talks stocks vacillated back and forth but mainly in negative territory. We'll let all the trade talks work themselves out, and in the interim we'll take a moment to tip...
Friends The bulls took a breather today as stocks, other than Apple and Amazon, spent the bulk of the trading session in negative territory. Weakness in emerging markets and Chinese tariff talk were the main culprits with regards to the negative bias for stocks. By...
Friends Worries that the 2nd quarter GDP number would be revised downward were overblown as this morning's release showed the number actually increased from 4.1% to 4.2%. Stocks responded with a good day for the bulls, led by the Nasdaq which was up nearly 1% for the...
