Friends Well, the Federal Open Market Committee released its statement this afternoon, which was followed up by Fed Chair Yellen's press conference, and the result was a rally in both stocks and bonds (not to mention gold and oil). Yes, the "patient" term was taken...
Friends Stocks lingered in negative territory for the entire trading session as the day to day wild gyrations that we have seen here in March continue. While market participants wait for the FOMC statement and the Chair's press conference tomorrow, the economic data...
Friends The industrial production number seems to have been weak enough this morning to help fuel a rally in stocks (I only partly jest). With the FOMC meeting beginning tomorrow, traders took another, in a long line of recent disappointing economic data, as a cue...
Friends Despite a much lower than expected PPI number, (remember bad news is supposed to be good news), stocks, led by slumping oil prices, lost a lot of the gains from yesterday's trading session. One might have guessed that the very low inflation numbers (some might...
Friends Despite a lousy retail sales number (or perhaps because of it), stocks enjoyed a nice move to the upside today, as traders decided to step up to the plate and do some buying. Perhaps, the weak economic data emboldened the bulls with the belief that the Fed may...
Friends Stocks tried to rally today. They really did. Unfortunately, traders really couldn't find a reason to take the plunge. We may have to wait for next week's Fed meeting to find any real catalyst for the markets. Once again, as the dollar surges and interest...
Friends March continues to resemble January, as stocks once again tumbled as the dollar climbed. The deflationary scares marked by miniscule interest rates in the Eurozone, seems to have traders spooked at the moment, and the thought that the Fed might begin to...
Friends Stocks recovered some from Friday's drubbing in Monday's session, as market participants seemed comfortable stepping right in to buy at the lower prices. Once again, we continuously seem to return to the adage that there is no alternative (TINA). Yes, traders...
Friends Well after yesterday's historic day for the Nasdaq Composite Index, traders seemed a bit hung over as stocks tumbled into negative territory in early trading and spent the entire trading session in the red. Besides the Israeli Prime Minister's appearance...
Friends Stocks had another difficult day, as traders influenced by a somewhat disappointing ADP private payroll number, seemed uninterested in making any new purchases before Friday's non-farm payroll number. Stocks opened lower, and just as they did yesterday spent...
Friends Well after yesterday's historic day for the Nasdaq Composite Index, traders seemed a bit hung over as stocks tumbled into negative territory in early trading and spent the entire trading session in the red. Besides the Israeli Prime Minister's appearance...
Friends Well, it took 15 years, but Nasdaq Composite Index finally closed back above the 5000 mark today. After the nearly 80% drop in the Index that began just about 15 years ago (March 10th 2000 to be exact, and took more than 2 years to play out), many believed...
Friends Despite a slightly difficult day for stocks on this final trading day of the month, February ends up being a good one for the stock market. After January's mess, the bulls were pleased to see stocks react positively despite a mixed earnings season, uneven...
Friends It was a day chocked full of economic data points, but not much else. As for that economic news, the CPI continued to decline, mainly due to the fall in energy prices, Durable Goods orders rebounded in February after a lousy January number, and weekly jobless...
Friends Janet Yellen's second day of testimony provided some entertaining exchanges between grandstanding politicians and the increasingly annoyed Fed Chair, but as for market participants, nothing new to act upon. Stocks basically drifted aimlessly for the entire...
