Friends It was a Goldilocks jobs report - a way better than expected jobs number, and wages that only rose slightly. Growth without inflation! Sign me up. That's basically what the bulls said as a stock buying stampede ensued. By the close, the Dow Jones Industrial...
Friends Traders spent the day with one eye on the television as the President was speaking at a cabinet meeting and then this afternoon at a press conference to announce his tariffs. Stocks looked pretty much confused by all the rhetoric with the market averages...
Friends After the announcement of the resignation of Chief Economic Advisor Gary Cohn from the White House, stocks were supposed to plummet today. Well, we did get a 300 plus point Dow selloff in the morning, but as the trading session wore on, buyers appeared and...
Friends It appears that traders are trying to figure out where we are headed as a country with regards to tariffs and potential trade wars. Is the President "negotiating" with his tariff talk? Are we going to settle into something that the markets could find...
Friends Stocks were expected to go down today. After all, we are talking about tariffs, protectionism and trade wars. Stocks should have gone down, but of course the stock market has a mind of its own and after a down opening buyers began to appear and stocks...
Friends The bears had the bulls on the run again this morning and it appeared it was going to be a long ugly trading session. But as the day went on it seemed like the bears lost a bit of their bite and stocks gradually began to eliminate much of the morning's...
Friends Stocks were minding their own business today after receiving decent but non-threatening economic data this morning when the White House introduced the idea of tariffs with regards to the steel industry. Now, it should come as no surprise that the President...
Friends What began as a nice last day of the month rally, turned into a quiet but relentless end of the month selloff. There really didn't appear to be any real catalyst for the moves today, neither the early morning rally or the afternoon selloff. After a...
Friends Fed Chair Jerome Powell had his day before the House Finance Committee and the results were mixed. Sure he presented well, but did deviate just a little from his prepared comments. BUT- some of the questioning was bizarre. I urge you to once and a while watch...
Friends So much for going back to test the lows from earlier in the month. Stocks continue their impressive recovery from the 10% pullback we saw at the beginning of February. After Friday's meaty gains, the Dow started off strong and added to the gains all through...
Friends It was another day of frantic trading, but mostly in positive territory. It's the kind of action that even when you end up higher you don't feel particularly good about it. Today, the today traded within about a 300 point range, but it felt like more. By...
Friends Stocks were firmly in positive territory midday, just waiting for the Fed minutes to be released. Then all hell broke loose. At first glance the Fed minutes appeared somewhat dovish, and indeed they are. The minutes indicate that the members were not overly...
Friends After recovering more than half of the recent decline last week, stocks stumbled out of the gate this week to post sizable losses on this first trading day of the shortened week. On the earnings front Wal-Mart had a disappointing report and added mightily to...
Friends Stocks were humming along midday with a couple hundred point Dow gain when news hit the tape about the Mueller indictments. The Dow gain was totally erased, sending stocks tumbling into negative territory. But when it was clarified that it was 13 Russians who...
Friends Stocks rallied once again today, despite a hotter than expected PPI number. What is fascinating is that the narrative from two weeks ago is now being turned on its head. Fears of inflation rearing its ugly head sent stocks into a 10% correction and bond...
