Friends Led by the recently depressed energy, industrials, and materials sectors, stocks finally staged a bit of a rally after 6 straight down days. Whether it's the beginning of a snap back or just a "dead cat bounce" remains to be seen, but at least for today, the...
Friends Collapsing share prices in China helped continue the weakness in U. S. stocks, as markets opened lower this morning and spent the entire day in negative territory. In China, the government has done most everything they can to stop falling stock prices,...
Friends It was a difficult week for stocks, as earnings reports and investor expectations didn't seem to match up. More earnings after the close yesterday and before the opening today led to more disappointment. Once again, there was an outlier (today was Amazon) but...
Friends Another day of earnings releases, and another difficult day for stocks. Yes, there are a few winners day to day, but for the most part traders seem to be firmly in "sell the news" mode. Today saw continued weakness in industrials and energy, and utilities had...
Friends So far this week it appears expectations are not matching up with results, as once again a series of earnings "disappointments" sent stocks into negative territory for the day. Apple, Microsoft and Yahoo led the tech names that failed to wow, while Boeing...
Friends We have several important earnings releases coming after the close today and before the opening bell tomorrow, but today's damage in the stock market (particularly the Dow) came from a few of the Dow components disappointing earnings reports led by "big blue"...
Friends Most of the attention overnight and into the opening of trading today dealt with the continued collapse in commodities led by a stunning drop in gold. That attention should turn to earnings as the week unfolds as more than 25% of the S&P report this week....
Friends It was a mixed bag today for stocks. Google and Facebook led the charge for the NASDAQ, but the rest of the market was somewhat mixed. On the economic front, the CPI number was as expected, but housing starts led by the multi-family units was very strong....
Friends As Greece seems to be "solved" for the moment, and China "controlled" for the moment, traders were able to focus today on corporate earnings, and so far they haven't been too bad. Oh sure, we know that the dollar is hurting our multinational corporations, but...
Friends It was a busy news day for the markets. We had earnings releases, Yellen testifying in front of the House, Hedge Fund managers divulging positions and strategies at a conference, and finally unrest in Greece as the vote begins. Stocks were adding to gains of...
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Friends It's been a week for deals, as today we got word of the Iranian deal. I won't go into whether this is a good thing for the U.S. or not (we'll let the political ramifications play out over time), but most thought that oil would sell off on the news, seeing that...
Friends With hope that the "extend and pretend" Greek deal will get done, stocks had another good day. Spurred by the futures overnight, the averages sprung to triple digit gains and the bulls were able to hold those gains and add to them late in the session. By the...
Friends Hopeful of a deal between Greece and the EU, along with a Chinese stock market that has calmed the past two days, the bulls were emboldened and bought stocks early and often. Stocks rallied from the opening bell and despite a couple of lulls, kept climbing...
Friends Stocks buoyed by a rally overnight in China and some hopeful headlines about Greek negotiations had a very strong opening with the Dow rallying more than 200 points. As the day wore on, and doubts about both China and Greece permeated the psyche of market...
