Friends Holy moly, today’s first look at 4th quarter 2023 GDP was quite a shock as it showed the economy grew at 3.3% vs. the expected 2% that economists were predicting. Also, personal consumption was up 2.8% vs. the 2.5% expected, while the Core PCE (personal...
Friends Netflix’s earnings after the close yesterday helped fuel a Nasdaq rally at the open, but as the trading session wore on things moderated some but still had an upward tilt. Once again, as we have seen in years past, we are seeing a separation of big growth...
Friends It’s earnings season and there appears to be a dog in the Dow almost everyday (Boeing the leader in the clubhouse and United Healthcare recently), and today the honor goes to 3M. Fortunately, Procter & Gamble and Verizon were two Dow components that...
Friends Though it may not be as broad based as the bulls would like, stocks as measured by the market indexes moved higher once again today. It appears that the bulls have gotten the band back together with last year’s large growth names leading the way higher in...
Friends I had to laugh. I have been whining about the poor start to the year for stocks and in two days we are back to hitting new all-time highs. Talk about fake news and misinformation. I’m throwing the yellow flag on myself. Anyway, so much for the “slow start”....
Friends A buy recommendation on Apple from Bank of America helped stoke a little rally today and the biggest beneficiary was the Nasdaq. The bulls were looking for something to build on and today’s action might help give them some traction. At the very least, a nice...
Friends It was another difficult day for stocks and that has become the theme for the first month of 2024. Interestingly though, despite stocks moving lower over the past couple of weeks it has been very orderly and calm. Is that a good thing? Well, for now it is....
Friends Stocks continue to struggle early in 2024. Earnings season is sure to expose some warts but some of the problems are headline grabbing like the ones Boeing seem to have constantly. The Dow had some winners today, namely Home Depot, Goldman Sachs, Disney and...
Friends Stocks struggled today as the first small wave of earnings kind of flopped. The banks, as usual reported complicated/mixed results and the share price reactions were complicated as well. United Healthcare and Delta both bombed too. The PPI number came in...
Friends This morning’s report was just slightly hotter than expected and it appeared that market participants were not quite sure what to read into it all. The monthly increase in prices was .3% vs. the .2% expected while the year over year rate came in at 3.4% vs....
Friends Stocks were able to post modest gains ahead of the Consumer Price Index releases tomorrow morning. Then, remember we have the real start to earnings season on Friday, as well as the Producer Price Index release. It should be an interesting couple of days to...
Friends The bulls couldn’t muster anything more than a one-day rally evidently as stocks moved lower from the opening bell this morning and stayed mainly in negative territory for the entire trading session. I say mainly because the Nasdaq attempted to post a two-day...
Friends Despite shares of aircraft maker Boeing acting as an anchor attempting to weigh down the Dow, stocks moved nicely higher during today’s trading session. The S&P’s 9-week winning streak was broken last week but the bulls got right back on the horse today...
Friends Stocks finished the first week of trading for 2024 in the red – the first down week in 2 months. As was the case yesterday, there was some buying early in the trading session, but the bulls seemed to fade away only to reappear near the close to keep things...
Friends The bulls tried to resurface today but did so without much conviction. The Dow had a couple of nice runs higher but in the end the market averages limped into the close and for the most part stocks were lower. For the day, the Dow Jones Industrial Average...
