Friends Well, that was an interesting ride. Stocks bolted to new highs in early morning trading on the news, (well there really wasn't any news- stocks just went up because the market was open), but then turned and retreated only to recover in the afternoon. The Dow...
Friends Earnings are starting to move stocks in different directions. Netflix shares, for instance skyrocketed after a stellar earnings report, but J&J and P&G shares both slumped. All in all, it was it was a mixed day for the market averages. By the close,...
Friends Stocks were quiet at the open as traders kept an eye on the government shutdown and the scheduled late morning Senate vote. Not surprisingly, the gang on the hill kicked the can down the road for another 3 weeks, so we get to do this all over again in...
Friends Isn't this fun, we get to talk and worry about a government shut down once again. Yes, the game of chicken is on and after all the blustering and tough talk we get to see who blinks first. Other than the likely effects it would have on stocks, I say shut it...
Friends In terms of today's market environment, yesterday's stock market reversal that saw the Dow give up a near 300 point gain would now be considered a ravaging bear market. I jest, of course (I think) but yesterday's reversal was quickly and easily forgotten by...
Friends As you know we've had quite a day of weather here in the Houston area. Well, we had quite a day in the markets as well. A nearly 300-point gain in the Dow turned into a double digit loss by mid-afternoon. We haven't seen a reversal like that for quite some...
Friends The melt up continues. Stocks were up once again today, and it feels like we are all aboard a runaway train. Hopefully, you had a chance to read our quarterly outlook that we sent out yesterday, so I won't belabor the point, but investors are reacting to a...
Friends The bears had the upper hand for a short while this morning as stocks fell about 100 Dow points, but the bulls chipped away at the losses and by the close had whittled away most of the damage. Worries that the Chinese will no longer be buying our bonds and...
Friends The market was open today so that must mean the bulls had fun. Yes, I'm being facetious and also yes, stocks were higher again today. Now, with interest rates edging higher, rate sensitive stocks (utilities, telecom and some staples) didn't join in on the...
Friends After last week's explosive start to the new year, traders appeared a bit more reserved as a new week of trading begins. With all the jobs data behind us, market participants will now turn their attention to upcoming earnings season. Indeed, after the type of...
Friends Another day, another set of record closes for the market averages. Despite a jobs number that came in a little light, the animal spirits continue to be heightened. The bears have just about lost their minds at this point, while the bulls just continue to ride...
Friends While the northeast endures a viscous snowstorm and cold temperatures, stocks continue to be on fire. Once again, another milestone was achieved (today we crossed the Dow 25,000 mark) and with a strengthening economy, corporate earnings juiced by tax reform,...
Friends Thanks goodness things are quiet on the political front. We wouldn't want this amazing market rally to be interrupted by inflammatory headlines or crazy tweets. So far 2018 seems to be an extension of 2017. Stocks continue to climb higher as many Dow...
Friends After last Friday's odd, headline driven, last minutes drop in stock prices, the buyers were back in action today. Proclamations of what will work in 2018 were abundant on the business cable news channels, but today's winners looked similar to the winners we...
Friends Stocks limped to the finish line today, as there simply didn't seem to be anyone left around to do any buying. Trading for 2017 has now come to a close, but it was a good year for stocks. We'll talk more about that and what lies ahead in our 2018 First...
