Friends Plenty of theatre today, as we got to watch the “dynamic” Janet Yellen do her job interview for the Senate Banking Committee, and then watch President Obama get shelled at his press conference on Obamacare. First Ms. Yellen made it perfectly clear that she...
Friends With both the bond market and the banks closed on this Veteran’s Day, stocks were very quiet, and difficult to take any cues from. Because of the holiday we won’t spend much time on lack of activity. For the day, The Dow Jones Industrial Average was up 21...
Friends A week that started off very quiet ended up with a lot of action as in the last two days ,on the domestic economic front, we received better than expected data including GDP and the jobs numbers. We are encouraged to see interest rates rising today for what...
Friends It was quite an eventful day in the markets. First of all, on the domestic economic front, the first look at 3rd quarter GDP indicated that the economy grew at 2.8%, which seems to be better than expected (of course there will be a couple of adjustments to...
Friends As we wait for the Twitter IPO (to be priced this afternoon and begin trading tomorrow), the bulls took advantage of a quiet news day to send stocks to new all-time highs. The business news channels are a buzz over the Twitter listing, but the hype is always a...
Friends After an initial drop of more than 100 Dow points, stocks recovered to post a modestly negative day. The ISM non-manufacturing index delivered another positive number, but nothing to get too excited about. The bigger news of the day seemed to be the thought...
Friends Stocks were very quiet on this first day of trading for the week. With very little news to affect trading, stocks meandered along all through the trading session. With the final numbers to earnings season tallying about a 5% increase in corporate earnings for...
Friends Taper talk is back. That didn’t take long did it? I’m only half kidding, but with the better than expected ISM Manufacturing Index reading (the best in more than 2 years), the expectations that the Fed might be able to revisit the subject of tapering sooner...
Friends Trading was quiet on this final session of the month. Now that the Fed is believed to be on hold for a while, traders are searching for the next market catalyst. On the economic front, weekly jobless claims came in a little light, but on the other hand the...
Friends As expected, the Fed did nothing today. The “not so much” anticipated FOMC meeting release indicated that the Fed is on hold with its current policies at least for a while longer. No mention of taper, which seems likely to have now been put off until early...
Friends After yesterday’s very quiet trading, stocks saw a little more action today. The bulls seem emboldened by the fact that the economic data we have received over the past few days is indicating that the economy is drifting and inflation is contained. Yes,...
Friends Traders seemed to want to remain on the sidelines today while waiting on the Fed meeting this week. We continue to see mixed results in earnings reports as the corporate reporting calendar begins to wind down, while on the economic front the Industrial...
Friends The week ended with a quiet day of trading. Stocks had a positive bias, but the participation seemed to be lacking. This was a busy week of earnings reports, some pretty good, some not so good. As we have noticed for the past 4 years, revenues have been...
Friends Stocks struggled today as the market averages spent the entire trading session in negative territory. Some, less than stellar, earnings reports set the tone before trading began, and the bulls seemed uninterested as the day wore on. After the nice run we’ve...
Friends After last week’s flurry of political activity, the markets seemed to show some signs of exhaustion today as stocks drifted in mostly negative territory for the majority of the trading session. Now that the government is back in action, we are going to get the...
