Friends Stocks finished another wild week on a very high note. Coming into the week it looked like the economic slowdown narrative had the bulls playing defense, but as the week unfolded and inflation data was mostly as expected, stocks staged quite a rally. As...
Friends The Producer Price Index, or prices at the wholesale level, came in about as expected today. Overall, the trend is still positive with regards to inflation, but there are still some pockets of concern for the Fed. Regardless, it appears now that all of the...
Friends We saw stocks do quite an about face today as the Dow for example, which had been down nearly 750 points in early trading, erased all of those losses and ended the day higher. The Nasdaq was the biggest star moving more than 2% higher by the close. Early...
Friends Evidently the bulls were able to gather their forces over the weekend and make a nice charge on this first trading day of the new week. There was no real catalyst to move stocks higher today other than bargain hunters taking advantage of last week’s selloff....
Friends This morning’s jobs report was a bit of a mixed bag. Instead of the expected 161,000, we saw 142,000 new jobs created in August. We did see the unemployment rate tick back down to 4.2% as expected and the average hourly earnings number was a little higher...
Friends Stocks struggled once again today but not nearly as much as they did during yesterday’s trading session. On the economic front job openings fell to a level we haven’t seen in more than 3 years. The JOLTs number showed that we have 7.67 million job openings...
Friends Stocks struggled once again today but not nearly as much as they did during yesterday’s trading session. On the economic front job openings fell to a level we haven’t seen in more than 3 years. The JOLTs number showed that we have 7.67 million job openings...
Friends Stocks finished the week and the month on a positive note. This morning’s PCE (personal consumption expenditures) price index came in as expected rising .2% from last month and 2.5% year over year. Though not yet at the Fed’s target of 2% (as a matter of...
Friends Nvidia had a great earnings report, but not surprisingly the shares struggled in today's trading. Yes, the report was great but topping the last year and a half was going to be next to impossible. Don’t worry about Nvidia, they will be just fine. Sometimes...
Friends Market participants seemed pretty nervous before the much-anticipated release of Nvidia’s earnings report after the close today. Stocks were in the red for the entire trading session as the bulls decided to take a wait and see stance before committing any...
Friends We had another quiet day of trading as market participants brace for the Nvidia earnings release tomorrow after the close. Yes, it’s only one company but Nvidia has been the poster child for the AI revolution and a stock that has dragged the whole sector...
Friends Stocks were mixed today as market participants focus on this week’s earnings release from super star AI chip maker Nvidia. That report will come after the close on Wednesday. Then the next big economic data point will be the jobs report on September 6th....
Friends This morning, in his speech at Jackson Hole, Fed Chair Powell made it pretty clear that the Fed will indeed begin to lower rates in September. Again, the bond market has been pricing several rate cuts in already so movement in the bond market has been more...
Friends Stocks finally took a breather today after a torrid rally saw the market averages basically erase the early August decline. Investors appear to be focused on what the Fed Chair is going to say during his speech tomorrow morning at Jackson Hole. We would...
Friends Despite a government revision to the overall jobs numbers which saw a downward revision of 818,000 new jobs created this year, stocks were still able to scratch out gains during today’s trading session. Actually, revealing that the labor market has actually...
