Friends By the looks of the market action today, everyone must have been out watching the eclipse. Stocks drifted aimlessly for most of the trading session, as for one day at least, we didn't have any major political headlines. We are moving into a quiet time as...
Friends Another day of political headlines. I considered just ending the email right there. I know I'm exhausted with it all, but nevertheless the markets trade on. After being down about 100 Dow points, the news of White House aid Steve Bannon's dismissal sent...
Friends Terrorism in Barcelona, White House Intrigue, technical omens- all too much for the markets to take today. Stocks were sold at the open and things got worse as the trading session wore on. Traders have no idea what political headlines they will have to deal...
Friends Despite more political theater (that never ends) and the Fed minutes that indicate that the FOMC is ready to start reducing the balance sheet (sell bonds) next month, stocks still held their ground. The White House turmoil did take the winds out of the sails...
Friends Stocks were quiet for much of the trading session as things were "relatively" calm on both the geopolitical front and also on the domestic front. Home Depot's earnings were better than expected and they raised their outlook going forward, but the stock...
Friends We had a somewhat calm weekend on the geopolitical front, though not so on the domestic front. Regardless, stocks rallied right from the start of trading today and were able to hold those gains throughout the trading session. Turmoil seems to be becoming the...
Friends After yesterday's selloff, we were more than curious to see how things would unfold today. On the whole, it was a quiet day of trading with a slight bias to the upside. There was no piling on by the bears after yesterday's decline, which was a little...
Friends You know the old saying. It doesn't matter until it does. Markets seemed to be handling the Korean nuclear war threat rather well until today. President Trump's tough talk added to the stress level this afternoon, and the market averages added to losses that...
Friends Early on it appeared that stocks might succumb to all the geopolitical sabre rattling with regards to North Korea, but by the end of the trading day, the S&P once again showed very little change. The Dow's decline was mainly accounted for by the drop in...
Friends Stocks were minding their own business, happily drifting along in positive territory when the North Korea rhetoric heated up. Stocks slipped a bit when the President gave a warning during the last hour of trading (fire and fury), but the damage wasn't serious....
Friends Well, more of the same. Stocks were very quiet today, but with a slightly positive temperament. As we have seen for weeks now, the S&P 500 barely moves, the Dow inches to new highs every day and the Nasdaq goes up one day and down the next. Global events,...
Friends The jobs number was better than expected with a hefty 209,000 new jobs created in July. The unemployment rate sits at 4.3%, while average hourly earnings ticked up .3% to a year over year gain of 2.5%. Remember, the Fed will be watching that average hourly...
Friends It was another quiet day for stocks and the results were somewhat mixed with a slightly negative bias. Tesla has good earnings but its strong showing still wasn't enough to push the Nasdaq into positive territory. Consumer staples led by Clorox had a good day,...
Friends It was a strange day for stocks. Apple had great earnings after the close yesterday, so we knew going into trading this morning that its shares were going higher, and because it is one of the 30 stocks in the Dow, that the Dow was likely to be higher at the...
Friends It wasn't anything too fancy, but the stock market began August about how it ended July. Stocks continue to move higher in a quiet and deliberate way. Though many feel stocks are overvalued, good earnings and a decent economy continue to be the fuel to push to...
