Friends Traders finally got something exciting to trade on. No, it wasn’t the news out of the ECB where basically Mr. Draghi is indicating that Europe is ready to take the baton of quantitative easing from the U. S., slashing bank reserve rates to a negative interest...
Friends As you know we send out a daily email which gives a brief summary of what happened in the markets that day. For those of you who are not clients of ours, or are relatively new followers, I thought I might take a moment to explain the origins of our daily email...
Friends Ok, back to the regular email. Hope you enjoyed the little history of the email this morning. Well, another day of not much happening. The ADP employment number which measures private sector payroll growth showed 179,000 new jobs on company payrolls for May,...
Friends We saw another day of trading where nothing much really happened. Stocks drifted in slightly negative territory for most of the session, as traders may be holding their powder dry for the more important economic data that we will receive later in the week...
Friends Stocks got off to a quiet start for June as traders spent the early part of the trading session trying to figure out the ISM Manufacturing Index which was released this morning, revised, and then revised again- all within about an hour or so. The first release...
Friends Traders were content to let the month coast into the closing bell as stocks drifted aimlessly for most of the trading session. With next week’s full calendar of economic news including Mr. Draghi and the ECB’s decision on interest rates and the employment...
Friends Despite the GDP number for the first quarter being revised downward to a negative 1%, stocks enjoyed a healthy gain after spending most of the day only slightly in positive territory. Traders are expecting the second quarter to show marked improvement in...
Friends Traders of stocks seemed today to be paralyzed/mesmerized by what continues to happen in the bond market. Despite the improvement that we have seen, though very deliberate in nature, in economic data points, bond yields continue to decline. Folks, bond yields...
Friends A bevy of positive economic data helped move stocks to new highs today, as traders came back from the three day holiday weekend with a shopping list in hand. The durable goods number was much better than expected, the Case-Shiller index showed that home price...
Friends It seemed like after the first hour of trading, market participants headed out for the three day holiday weekend, as stocks basically stood still for the rest of the session. Traders basically dismissed Mr. Putin’s remarks broadcast on CNBC, and both the bulls...
Friends An old saying on Wall Street for trading sessions like today’s trading session is that it wasn’t worth the cost of a clean shirt and cab fare. Very little volume. Very little volatility. Very little overall interest. On the economic front the weekly jobless...
Friends Ladies and gentlemen, we have a market that has no memory on a day to day basis. It looked like the bears had everything going their way yesterday, but here we are today and stocks basically regained everything they lost yesterday. Yes, the Fed minutes came...
Friends Poor earnings reports from several retailers weighed on stocks today, as the market averages spent the day decisively in negative territory. Of course, the winter weather was cited as the main reason behind all the disappointing results, but perhaps market...
Friends Neither the bulls nor the bears seemed very interested in today’s stock market action. Volatility was very low and volume was light as stocks drifted mainly in positive territory for the entire session. The bears thought they might have something going before...
Friends The bulls waited around for most of the trading session to see what the bears’ next move was going to be, but the bears seemed to be content with the disruption they caused on Wednesday and Thursday. Finally, in the last hour of trading, the bulls decided to...
