Friends Just when it looked like we might just coast into the end of the month, the bulls came out today and put a full court press on the bears and sent stocks soaring higher. Helped by a very strong and much better than expected New Home Sales number, stocks rallied...
Friends Investors are tuned in to an array of Fed officials speaking this week (or are they trying to tune them out?), attempting to ascertain just what is going to transpire at the June FOMC meeting coming up in a few of weeks (June 14th and 15th to be exact). In...
Friends Today I want to take a moment to discuss something that occurred yesterday that we believe needs to be addressed. In the morning a research analyst from a major investment bank/brokerage firm put out a report recommending the purchase of Tesla shares. Nothing...
Friends The bulls were feeling pretty good about themselves during the midday portion of today’s trading session. After a bit of an ugly start to trading, the bulls had turned the tide and driven share prices higher with the Dow sporting a nifty 100 point gain right...
Friends Another day, another 200 point move. That’s right, stocks were on the move once again today and after a small early morning rally, the move was decidedly to the downside. Despite good earnings from retailers TJ Maxx and Home Depot, stocks rolled over later in...
Friends All of sudden we’re getting sizable moves in the stock market. Had we held the gains, today would have been the third 200 point plus Dow day (both up and down) that we’ve seen in a week. That these moves have been in both directions is a factor of the...
Friends It was a difficult day for stocks, as despite a better than expected retail sales number released before the open, retail stocks themselves led the market lower. Another day, another round of bad earnings reports in the retail sector. Are consumers not...
Friends We had another somewhat confusing day of trading as stocks opened higher, sold off midday, then worked back into positive territory in the later part of the trading session. Other than the business channels droning on incessantly about the shares of Apple...
Friends Just as we were scratching our heads over yesterday’s thrilling rally, we are equally at a loss to describe today’s decline. Oil was up, so we can’t blame today’s slide on weakness in energy. Yes, Disney had a somewhat disappointing earnings reports but we’ve...
Friends Well, that was different and unexpected. After days of lackluster interest in stocks, the bulls awakened and drove prices higher today with some spirited bidding. Other than an oil market that was a bit stronger today, I’m not sure what was different today...
Friends I hope all the mothers out there had a great Mother’s Day weekend. As for today’s markets, well there really is not that much to talk about. Stocks were mixed for the entire trading session, seesawing between positive and negative territory. After Friday’s...
Friends Before we talk about what stocks did in the aftermath of today’s jobs report, let’s first go over the report. 160,000 new jobs were created in April as measured by the government, which was quite a bit less than most analysts had expected. The unemployment...
Friends Stocks drifted without much conviction today as traders seem to be waiting and focused on tomorrow’s jobs report. The bulls tried to rally the troops at the opening, but those modest gains evaporated by late morning, and as mentioned, the rest of the session...
Friends Stocks were looking to open lower this morning before the release of the ADP private payroll number, so the soft ADP number didn’t help the situation any. We already know that consumer spending has been soft, now we get a soft employment number to add to the...
Friends Well, so much for that good start to May. After yesterday’s decent rally, stocks sold off early and often today as small rallies were met with persistent selling pressure. Weakness in China and the thought that the dollar may have bottomed short term seemed to...
