Friends Word that the trade war with China has been put on hold for the time being, and that a framework for a trade deal was being in the works had futures higher overnight and sent stocks higher at the open. Understandably, big industrial and technology names were...
Friends It was a quiet day in the markets, and given the tragic events that unfolded at the Santa Fe High School this morning, we'll just give you the numbers and respectfully call it a day. By the close, the Dow Jones Industrial Average was up 1 point to finish the...
Friends Despite continued favorable economic data, market participants seemed more concerned with renewed trade war concerns during today's trading session, as stocks drifted into negative territory and remained there at the close. After the series of gains, the...
Friends With a nice industrial production number in their back pocket, the bulls tried to rally stocks numerous times today, but with little success. The market averages did finish in positive territory but it was a struggle, and quite frankly not very impressive....
Friends The yield on the 10 year Treasury Note cleared the 3% level and then some posting the highest yield we have seen on the 10 year since 2011, as hints of inflation sent bond prices lower. That didn't sit well with equity investors as stocks sold off early and...
Friends Stocks added to their winning streak, but like Friday it was in less than convincing fashion. With no damaging headlines to deal with, stocks advanced at the open, with the Dow sporting a more than 100 point advance. But, the rest of the day saw the market...
Friends Stocks did rally today, but it appeared that the bulls, after six previous winning sessions, were just a bit out of gas. Nevertheless, a gain is a gain. By the close, the Dow Jones Industrial Average was up 91 points to finish the day at 24,831. The S&P...
Friends It was another good day for stocks. It almost seems like once we got by the bulk of earnings season, the bulls declared the coast is clear. Word that there might be some progress being made in trade talks with China, and a couple of tepid inflation numbers...
Friends Despite the hand wringing about potential fallout from the Iran deal, and worries about the effects of rising oil prices on the economy, stocks rallied in late morning trading and held on to most of those gains as the afternoon wore on. Helping the market...
Friends As expected, and as promised, the President announced today that the U.S. is withdrawing from the Iran deal. Oil prices gyrated, especially after rumors midday that the President was not going to withdraw from the Iran deal, but ended lower for the session....
Friends Things were a bit choppy today, but with a positive bias. Stocks rallied in early trading after the Warren Buffett/Berkshire Hathaway weekend in Omaha set the tone, but after a couple of hundred Dow point gain, the word that the President was going to...
Friends After yesterday's reversal in stocks, all eyes were on this morning's jobs report. 164,000 new jobs were created in April which was a little less than expected, but the unemployment rate fell to 3.9%- which was the headline, and the monthly and year over year...
Friends Though the final numbers don't indicate much, stocks experienced an impressive reversal today, as at one point this morning the Dow was sporting a nearly 400 point decline. That loss was erased in the midday portion of the trading session, and stocks then...
Friends The Fed decision today not to raise interest rates was certainly not a surprise. Stocks rallied for about 10 minutes after the announcement this afternoon, but quickly reversed course and again headed into negative territory. Once again, despite good earnings...
Friends Sell in May and go away. That’s a well-worn adage on Wall Street. What it basically refers to is that over the last hundred years, stocks have performed better in the six month period from November thru April than the six month period of May thru October. Of...
