Friends After sleeping on it, market participants seemed even more confused about the Fed statement and Janet Yellen’s performance at her press conference yesterday. It almost appeared to be a throw up your hands and surrender moment for the Fed as they continue to be...
Friends Stocks sold off for the fourth session in a row, but the bulls at least were able to lessen the damage in the last hour of trading and reduce the Dow losses from triple digits to double digits. Nevertheless, the bears seem to be in control as we enter Fed...
Friends Stocks suffered through another day of losses, with worries that Brexit, though still seemingly unlikely, might be gaining more traction, and of course there are still major concerns about global growth given that interest rates are zero or lower around the...
Friends The bears finally had a good day. With interest rates around the globe plummeting, Brexit on the horizon (and perhaps the demise of the EU all together), and soft domestic economic data (including continuous disappointments from retailers), stocks finally...
Friends The bears rolled out the big guns today-first a WSJ article on Papa Bear George Soros (85) and then Carl Icahn (80) was on CNBC this morning. Both predicting gloom and doom for stocks, which is fine (everyone is entitled to an opinion), and goodness knows...
Friends Stocks continue to slowly climb towards the old highs in a very quiet and deliberate manner. The bears seem flustered and frustrated as the mountain of reasons for stocks to go down doesn’t seem to be enough to stop the bulls’ climb. Today’s JOLTS number...
Friends Stocks added to yesterday’s gains but seemed to run out of gas as the afternoon wore on. Once again, we are getting back close to the highs in the S&P 500 and the Dow, but we’ve been here before and were unable to break through. The “sell in May and go away”...
Friends In the aftermath of last week’s dreadful employment report, market participants seemed to be resigned to the fact that the Fed has to back off their intent to raise rates in June or July. Stocks rallied in early trading, dipped a little when Janet Yellen began...
Friends There is really only one way to describe the jobs data that was released this morning- TERRIBLE. Instead of the 158,000 new jobs that were expected to have been created in May, there were only 38,000 new jobs created. Yikes. Not only that, but previous months...
Friends Well, it worked. We closed the office today in anticipation of additional flooding in The Woodlands area and sure enough the major rain mainly avoided us. Now, at least, we know how to stop the rain. As for the markets, it was a quiet day, though we did have a...
Friends The first trading day of June was a classic reversal day. Oil was down early and reversed course, and stocks also were down early (122 Dow points) and reversed course. Were stocks just following in oil’s footprints? Perhaps, at least it appeared so today. A...
Friends It was the first day back after the long holiday weekend, but it was also the last trading day for the month of May. Once again, it was somewhat of an uneventful month as the little gains that we had coming into today’s session were mostly erased by todays...
Friends The rain and flooding is really getting worse out here in The Woodlands, so we are going to close the office a little early today, so that everyone can hopefully get home safely. As for the markets, as of this writing, it has been a quiet day with the main...
Friends Well Happy 120th Birthday to the Dow Jones Industrial Average. That’s right 120 years ago 12 stocks were combined to create an index that would become the standard bearer for the next century. Sure, today the S&P 500 gives a more accurate account to what is...
Friends The bulls were able to keep the pressure on the bears, at least for one more day, as stocks once again enjoyed a robust rally that included the recently left behind financial and technology sectors (energy shares had a nice day also). There didn’t appear to be...
