Friends Once again, the Dow led the market averages higher during today's trading session. And once again it was financials and industrials leading the way higher instead of big tech. We always like to see a broadening out of an advance where more than just a...
Friends Not surprisingly, Nvidia’s earnings after the close yesterday were fantastic. Also, not a real surprise that the share reaction was muted. By the close the shares were slightly higher, but it was the boring old Dow Jones Industrial Average that led...
Friends We had a bit of a reversal of fortune today as the Dow Jones Industrial Average was able to move higher while the S&P 500 treaded water, and the Nasdaq retreated. We had more earnings reports from retailers, with Target totally laying an egg, while...
Friends It looked to be a troublesome day for the markets when Mr. Putin was waving his nuclear arsenal in the worlds face this morning. Indeed, futures showed the Dow down more than 500 points before the open. But as the trading session wore on, stocks...
Friends We will be hearing from retailers this week as earnings reports are due from the likes of Walmart, Target and TJX. We have seen a bit of a winners vs. losers with regards to retailers recently and I would expect that to continue with winners posting...
Friends Worries that the Fed might be a bit more deliberate in this rate reducing cycle sent stocks lower during the trading session. Of course, I’m still in the camp that we needed a bit of a pause/pull back here to cool things off anyway. Yes, seasonally this...
Friends This morning’s producer price index came in as expected similar to yesterday’s consumer price index. Stocks continue to be in pause mode for the moment as the bulls appear to be searching for the next catalyst. Comments from the Fed Chair this afternoon...
Friends Stocks continued to try to push higher though it does appear that even the most enthusiastic bulls are beginning to run out of gas just a bit. This morning’s CPI inflation report was about as expected with year over year inflation still at about 2.6%. As we...
Friends Stocks finally took a breather today and that might be the best thing that could have happened. A little pause that refreshes would be welcome at this point, at least in my opinion. Over the next couple of days, we’ll look at inflation data beginning...
Friends Stocks ended the week on a high note as the market averages continue to push higher. The bulls have the Federal Reserve providing wind at their back and the political landscape is mostly known. And just because it looks like smooth sailing into year...
Friends As expected, the Federal Reserve lowered interest rates by a quarter of a point today. The Fed Funds rates will now be in the range of 4.50% to 4.75% with the likelihood that we will see it move lower in the coming months. On the other end of the yield...
Friends The markets appeared to like the election results, didn’t they? But, while stocks soared higher, bonds continued to sell off, sending interest rates higher. Remember we get a decision from the Fed tomorrow and it is expected that they will move forward...
Friends Stocks traded higher throughout the trading session. You can read into that whatever you like. The narratives are flying today but I think it is probably best just to wait and see how the election plays out not to mention the Fed decision on interest...
Friends Stocks got off to a shaky start for the week, but who can blame market participants for being a little on edge? We have a hotly contested national election tomorrow and the conclusion to a FOMC meeting on Wednesday. It’s hard to make any new decisions...
Friends As suspected this morning’s jobs number came in very light. Only 12,000 new jobs were created in October. Hurricanes and company strikes certainly affected the number, but the longer- term trend has been softer for employment for a while. Yes, there has...
