Friends Stocks moved higher despite a hotter than expected PPI number this morning. Once the report was dissected, market participants felt the narrative should not be disturbed. Of course, we get a look at the Consumer Price Index tomorrow. The last 3 months have...
Friends Stocks were quiet as we head into a week where we will get inflation data in the form of the CPI and PPI. We also will hear from retailers this week with earnings due from Walmart and Home Depot. So, this week has a little more meat on the bone for traders....
Friends The bulls were able to finish up the week on a positive note. Stocks were mainly in the green throughout the trading session as traders appear to be comfortable that economic conditions will eventually allow the Fed to lower interest rates. For the day,...
Friends The bulls took advantage of the bears’ lack of enthusiasm and decided to buy stocks today. Remember, there isn’t much this week with regards to market moving headlines, so it appears that up is the direction of least resistance for stocks. What I’m trying to...
Friends The market averages were somewhat mixed today with the Dow up nicely, the S&P mostly unchanged and the Nasdaq down for the day. Again, not much in the way of headlines for traders to overreact to so once again trading was quiet and lacked volatility. ...
Friends Stocks were mostly quiet today other than Disney shares which basically spit the bit after a lukewarm earnings report. After the three-day rally, the market averages moved little, and investors didn’t seem to find a reason to buy em or sell em during the...
Friends Stocks traded firmly in positive territory for the entirety of today’s trading session as last week’s late rally continued into the new week. Nasdaq was the biggest winner with big tech names leading the way. By the close, the Dow Jones Industrial Average...
Friends Today we saw a bit of bad news is good news as this morning’s non-farm payroll number came in lighter than expected. 175,000 new jobs were created in April vs. the expected 240,000 new jobs. The unemployment rate also ticked up to 3.9% instead of the 3.8%...
Friends Despite yesterday's selloff near the close, market participants seem content with the hand that the Fed dealt them yesterday. Again, Fed Chair Powell tried to calm the fears that given the recent data on inflation we might actually see a rate hike in the...
Friends The markets have been wary of the results of today’s Fed meeting worrying that the Fed Chair might just mention the possibility of actual rate hikes if inflation doesn’t behave. Well, the Fed Chair pretty much dismissed the likelihood of a rate hike this...
Friends As I work my way back home today the markets continue to be inconsistent. Earnings season has produced some positive share price movement and plenty of negative share price movement too. We get earnings from Amazon today after the close and Apple...
Friends Checking in from the road. Today’s GDP number came in less than expected showing an economy that appears to be less robust than analysts were predicting. On top of that, inflation persists bringing into play the dreaded stagflation scenario where the...
Friends Stocks continue to struggle as we’ve seen a pattern of early morning rallies dissipate by midday. I guess the bulls could take a little comfort in the fact that selling has not been prodigious, but there has been little interest on the buy side for a couple...
Friends We have seen intraday volatility pick up recently as news or rumors out of the Middle East combined with comments from Fed officials, especially Fed Chair Powell, continue to move stocks and bonds in various directions. On the earnings front United...
Friends Stocks got off to a great start this morning only to run into massive headwinds as the trading session wore on. First, we have concerns over the mess in the Middle East, then on the economic front we got a hotter than expected retail sales number this...
