Friends The bulls continue the charge towards the Dow 20,000 level, and it appears that there should be enough trading sessions left in 2016 to reach their goal. Santa is about to swoop into the proceedings so perhaps he can help push the Dow above that 20,000 mark....
Friends The bulls got things back on track today, but an early rally in stocks lost a lot of its steam by the close. Bonds continued to be sold and gold just seems to go down every day. Can the bulls make that push to Dow 20,000 in the remaining trading days of 2016?...
Friends The bulls took a wrong turn on the path to Dow 20,000 today as Janet Yellen and the Fed seem to have messed up their GPS system. Yes, everyone was quite certain that the Fed would raise rates a quarter of a point today, and they did, but perhaps the Fed's...
Friends Stocks continue to charge towards the 20,000 level on the Dow Jones Industrial Average, as even the bulls are having trouble believing their good fortune. It appears that no one wants to sell anything before year end that would cause a capital gain, given the...
Friends Despite the surge in energy shares, fueled by the announced OPEC agreement, stock traders found little else to get excited about today. Pauses of some type would seem to be necessary if we are to sustain the type of rally that we have seen in the last month....
Friends It appears the bulls are on a full frontal attack of the 20,000 level on the Dow Jones Industrial Average. It has been a fascinating month since the election. As we have mentioned, stocks that no one wanted (such as banks and industrials) have become the...
Friends Stocks added to recent gains once again today, as the post-election rally appears to have gained strength after pausing a bit the last week or two. As mentioned, recent economic data has been stronger, and sentiment appears to have improved dramatically since...
Friends The Trump rally kicked back in high gear today, as traders around midday decided to buy anything in sight (that wasn't healthcare related). The result was a barn burner of a rally and stocks soared to new highs. Now, I could try to make up some stuff to try to...
Friends Another quiet day of trading with very little volatility. It appears that we are in a holding pattern at the moment. Yes, stocks are easing higher for the most part in the market averages, but it doesn't feel like with much conviction. We had another good...
Friends Stocks got off to a decent start for the week, but there did not seem to be much enthusiasm amongst the investment community. Bank stocks continued to lead the way and the beleaguered tech industry and selected growth stocks finally saw a bounce, but all in...
Friends The non-farm payroll number came in just about as expected, with 178,000 new jobs created in November. The unemployment rate fell to 4.6% which is its lowest reading since August 2007. Unfortunately average hourly earnings slipped 0.10% which was somewhat...
Friends It was another very mixed day in the financial markets. Bond prices continue to fall (rates rise), gold has been demolished as of late, oil has rocketed over $50 per barrel after the OPEC announcement, and stocks continue to separate recent winners from...
Friends Oil prices surged today after OPEC agreed to cut oil production by 1.2 million barrels per day (the agreement was announced but is evidently not official yet), which would represent the first production cut by OPEC in eight years. This news caused energy...
Friends A drop in oil prices helped keep a lid on any attempt to rally stocks, as energy shares weighed heavily on the market averages. On the other hand, as expected the second look at 3rd quarter GDP showed continued improvement as the number came in at 3.2% beating...
Friends As we near the end of November, and with a busy week ahead on the economic front, stocks seemed determined to give back the gains achieved in Friday's abbreviated half day session, as the trading week begins. The market averages opened slightly lower and...
