Friends It’s a big week for the markets. First, we had the much-anticipated Apple presentation at their Worldwide Developer Conference today where they introduced their Apple Intelligence, the device maker’s foray into the usage of artificial intelligence. I thought...
Friends Stocks couldn’t decide whether they liked this morning’s government employment data or not as they gyrated from up to down throughout the trading session. Now about that jobs number. 272,000 new jobs were created in May which was quite a bit higher than the...
Friends Stocks were quiet as market participants wait for the all-important non-farm payroll number to be released tomorrow morning. Remember, we have seen what looks like a softening in the labor market, something the Fed was not only predicting but hoping for....
Friends Economic data is changing the narrative once again. Just this week we have seen weakness in the ISM Manufacturing report, the JOLTS number (job openings) and today’s ADP private payroll release. All this is leading to lower bond yields and the thinking that...
Friends Stocks, well at least the Dow, continue to struggle some despite last Friday's late surge. Between trading glitches and concerns that the economy is definitely showing signs of slowing down the bulls really didn’t have much in their favor today. Bond yields...
Friends This morning’s inflation data came in as expected so there wasn’t much of a reaction to the numbers. Actually, it was a day where the sellers seemed to run out of gas, so the buyers stepped in and moved stocks higher. Even the Nasdaq recovered much of its...
Friends Stocks continued lower today after a less than stellar earnings report from Dow component Salesforce. Actually, the shares of Salesforce itself accounted for the majority of the decline in the Dow. Tomorrow morning, we get the Personal Consumption...
Friends It was another difficult day for stocks, especially the Dow once again. Remember, the Dow is a price weighted index with high priced stocks carrying a lot of weight. United Health Group being the heaviest weighted stock in the Dow index has been a problem...
Friends Stocks, well mainly the Dow, were down today attributed mainly to interest rates moving higher. The Nasdaq actually moved higher, and the S&P was mostly unchanged. Smoke signals coming from Fed officials continue to hint that there may not be any rate...
Friends We didn’t see any follow through on yesterday’s selloff in stocks today, as market participants did not appear to be overly concerned going into a 3-day weekend. Despite yesterday’s plunge stocks suffered minor damage for the week after all was said and...
Friends The bulls seem a little nervous before the release of Nvidia’s earnings after the close today. Stocks had trouble gaining any support throughout the trading session as Fed officials continue to imply that rate cuts may not be happening anytime soon despite...
Friends It’s been a pretty quiet start to the week as investors appear to be laser focused on the earnings release from chip maker Nvidia after the close tomorrow. Talk about a high bar to clear, but if any company can do it right now it would be Nvidia. In the...
Friends The bulls were able to move stocks slightly higher once again today as we finish the week on a high note. Of course, many of us here in the Houston area are struggling with power loss or worse after a powerful storm swept through the area last night. Let’s...
Friends The Dow Jones Industrial Average moved above 40,000 for the first time ever today but that lasted just long enough for the guys on the floor to put on ball caps with 40,000 on them. Other than that memorable event it was a pretty quiet day for stocks after...
Friends The markets liked this morning’s slightly lighter than expected CPI report. Today’s number feeds the narrative that the Fed should be able to begin to lower rates sometime this year. I’m not sure the Fed is really inclined to change anything at this point...
