Friends Things were a little quieter today after yesterday’s fireworks. Nasdaq stocks took a breather while the S&P was able to inch higher. Actually, if you are a bull, today’s action is just what the doctor ordered. The market averages didn’t give back a...
Friends We wondered yesterday if the earnings story from Nvidia was not only going to move the shares of Nvidia today but also stocks in general and the Nasdaq specifically. The resounding answer was yes. Shares of Nvidia soared on a blowout earnings release and the...
Friends It was another uninspired trading session as stocks drifted in negative territory throughout the day only to slide slightly into positive territory at the close (at least the Dow and the S&P 500 did). In fairness, traders are laser focused on Nvidia’s...
Friends Despite a couple of pretty good earnings reports from Walmart and Home Depot, traders came into to this holiday shortened trading week with little enthusiasm. Market chip making darling Nvidia reports after the close tomorrow and that is likely to set the...
Friends We got another hotter than expected inflation report with today’s PPI report, which measures inflation at the wholesale/producer level. As with the CPI report, stocks sold off in fear that inflation is still sticky, and the Fed will be slower to reduce...
Friends A very surprisingly weak retail sales number was just what the doctor ordered for the bulls. No, I am really serious. This week’s CPI number disrupted the narrative, but today’s weak retails sales number helped to offset the damage. Yes, bad news is good...
Friends The bears were unable to build on yesterday’s selloff as stocks were able to partially recover some of the losses in a steady trading session. The inflation/interest rate narrative was disrupted yesterday when the CPI number came in hotter than expected. Not...
Friends When we last spoke on Friday, I asked and answered yes to the question are we do for a pullback? Yes, I acknowledged that conditions are/were good for stocks, but the move higher that we have seen put the markets in a rather tenuous situation. Today we got...
Friends Same as it ever was-stocks moved higher today led by, you guessed it, the big growth tech names. So much for broadening out. It’s a viscous cycle as folks move money into the index ETFs those same ETFs buy more of the heavily weighted names in their index....
Friends The business news stations continue to question how long this bull run in stocks can last. Even though prices are high it appears it could be a while. As I mentioned yesterday, the conditions are pretty good for stocks – the economy is sturdy, inflation has...
Friends Stocks continued to squeeze higher today as the S&P 500 flirted with 5000 for a few minutes before closing below that historic mark. As more Fed officials confirm that lower interest rates are in our future, it appears that market participants are...
Friends The market averages pushed a little higher today, and surprisingly I saw a different group of stocks getting a little buying support. While big names like Nvidia, Microsoft, Meta, and AMD all lost ground, some of the left for dead stocks filled the void....
Friends The belief that Fed rate cuts will not likely be happening in March (or maybe even May) seems to have taken a little life out of the bulls. With many of the biggest companies, especially the important tech giants, having already reported earnings the bulls...
Friends Buckle up, we have four big earnings releases after the closing bell today- Microsoft, AMD, Google, and Starbucks. We will surely see some interesting price movement in those behemoths. Are they priced for perfection? Then tomorrow afternoon we get the...
Friends Stocks were mixed on the final trading session of the week as investors prepare for the onslaught of earnings that will be coming at them next week. We’ll be hearing from the likes of Microsoft, Apple, Amazon, Meta (Facebook), Alphabet (Google), Starbucks,...
