Friends Stocks continued their recent surge as the bulls appear to hold all the cards at the moment. Earnings season has been good enough, the economy is just strong enough (but not too strong as to cause the Fed to become overly hawkish), and tis the season when...
Friends Stocks added to yesterday's gains as we might be entering a void created by earnings season winding down, the next FOMC meeting being a month away, and the Presidents tax plan a couple of weeks away from being unveiled. The bulls seems to have the upper hand...
Friends Stocks enjoyed a nice rally that seemed to be helped by an early morning comment from the President that he'll be unveiling a tax reform plan within the next few weeks. This is good news to market participants who had worried that tax reform had taken a back...
Friends As expected, the news cycle is being dominated by politics, but it doesn't seem to be having a lot of effect on the markets - so far. Stocks opened in positive territory and fought to hold onto the gains for the bulk of the trading session. There are still...
Friends Maybe it was a hangover from a crazy Super Bowl, but trading today was uninspired as stocks drifted in negative territory for most of the session. With earnings season mostly behind us, traders will now begin to focus on the economy, which has been providing...
Friends Just as with Wednesday's ADP private payroll number, today's government non-farm payroll number was much better than originally expected (though analysts had upped their predictions after the ADP release). 227,000 new jobs were created in January which beat...
Friends It was a quiet day of trading as the market averages spent the day basically treading water. Earnings season continues to roll on with decent success, but price action has been mixed at best. As for today, the Dow Jones Industrial Average was down 6 points to...
Friends As expected, the Federal Reserve did not raise interest rates today. The FOMC is more confident now that their inflation target will be met, but it is clear that the members want to see what fiscal policies will be coming from Washington DC before committing...
Friends Stocks suffered losses once again today as the month comes to a close. Both the S&P and the Dow Jones Industrial Average were able to stay on the positive side of the ledger for January, but in the end the gains were modest. Once again, earnings season is...
Friends Stocks suffered their worst trading session of the year so far. Was the reason the political theater that we were subject to over the weekend? Will the President get back to focusing on tax reform and economic growth? Perhaps, but one could add to that anxiety...
Friends Earnings from giants Starbucks, Intel, Microsoft and Alphabet (Google) came out after the bell yesterday, and the results were mixed. That pretty much describes the whole day in terms of stock trading - mixed. There never was any real direction for stocks...
Friends After all of yesterday's hoopla over the Dow crossing the 20,000 level, it appeared today that traders were suffering from a bit of a hangover. Stocks had a slight bias to the upside, but volatility was muted as the market averages drifted aimlessly for most...
Friends Ok, we finally have that behind us. After much ado, we finally got a close above 20,000 for the Dow Jones Industrial Average. What traders were expecting about a month ago, finally came to fruition today. A solid earnings report sent Boeing shares soaring (see...
Friends While President Trump was signing an executive order to allow the go ahead for the Dakota and Keystone pipelines, stocks finally woke up and began to rally. We had earnings from five different Dow components this morning (with mixed at best results), but that...
Friends We are trying- we really are. We're trying to focus on anything but politics, but with non-stop coverage of the new President, it is almost impossible to focus on anything else. We have never seen anything like this, and markets seem to be mesmerized at the...
