Friends The AI trade was back in vogue today with Google leading the way higher. Market participants are still eyeing that December FOMC meeting and hoping for a rate cut, but in the meantime some bargain hunters decided that the tech/AI selloff of the past few weeks...
Friends Renewed hopes that the Fed might actually cut the Fed Funds rate in December aroused the interest of market participants and stocks moved higher throughout the trading session. Given that additional rate cuts are very likely going forward it is sort of...
Friends Yes, Nvidia had great earnings. And yes, stocks rallied very nicely at the open with the Nasdaq up almost 3% in early trading. Unfortunately, those gains disappeared by midday and the market averages tumbled into negative territory (the Dow dropped over...
Friends Stocks were slightly higher by the close today, but the important thing is what comes after the close – Nvidia’s earnings report. As we know Nvidia drives the AI trade and the stock represents almost 8% of the S&P 500 and almost 10% of the Nasdaq 100. So...
Friends Well, the bears are making some real noise. Is it about the Fed possibly passing up a rate cut next month? Is it because both the AI trade and the crypto trade have completely lost their mojo for the moment, or is it simply because market participants finally...
Friends Stocks got off to another very rocky start this morning but did recover mostly by early afternoon. The Dow remained the loser for the day while the Nasdaq was able to post a gain, though not much of one after yesterday’s beating. We will begin to get...
Friends Ok, I’ll take the blame. Yesterday, I closed with "the bulls are firmly entrenched on the high ground”, not knowing that the bears were planning a massive surprise attack. Who knew that opening the government would be a sell signal? Actually, concerns that the...
Friends It was another mixed day for stocks with the Dow pushing to all-time highs, while the Nasdaq continued to struggle. Are we seeing a rotation from the big tech names to more established healthcare, staples, industrials, and financials? Well, maybe for a couple...
Friends The market averages were mixed but the old Dow Jones Industrial Average was today’s big winner. Healthcare shares Amgen, Merck and Johnson & Johnson helped move the Dow higher and despite continued weakness in some big tech names, Apple (a Dow Component)...
Friends After some early back and forth, market participants decided that the likely end to the government shutdown was good for stocks and the market averages moved nicely higher by the close of the trading session. Big Tech names led the way after suffering the...
Friends Stocks were on quite a roller coaster ride during today’s trading session. In the end, much of the damage from earlier in the day had been mitigated and the market averages ended mixed. The Democrats made an offer to reopen the government, but the Republicans...
Friends High flying growth stocks have been slumping a bit lately, as valuation concerns continue to hinder AI shares. Now, granted many of these stocks have seen substantial gains this year and some digesting of those gains can be healthy. But concerns of an AI...
Friends I thought that I would check in from the road. As expected, the Fed did lower the Fed Funds rate by a quarter of a point yesterday leaving the range now at 3.75% -4%. The Fed is also going to end the reduction of asset purchases or quantitative tightening on...
Friends Market participants seemed to be pleased with this morning’s CPI data which showed inflation in September rising at a rate of .3% on a monthly basis. At this point, the annual inflation rate is tracking at 3%. Those numbers are slightly better than analysts...
Friends The market averages were somewhat mixed today after yesterday’s rally, but good earnings news keeps rolling in. This morning Coca-Cola and General Motors both had good earnings releases and though less than 20% of the S&P 500 has yet to report, the ones...
