Friends The bulls appear to be comfortably entrenched on the high ground once again. Stocks opened higher and added to their gains as the trading session wore on. Apple led the way reaching new highs as the major market averages posted gains of more than 1% for the...
Friends The market averages moved higher at the open but more trade tension headlines and worries about bad loans in some regional banks sparked an afternoon selloff. Credit related issues will get the attention of market participants and given that so much lending...
Friends It was another somewhat volatile day of trading for stocks with mixed results at the close. We continue to get stellar earnings releases from the banking sector with Bank of America and Morgan Stanley being today’s winners. The banks have gotten this earnings...
Friends What a wild day for stocks. After a more than 600 point drop early morning in the Dow on what appears to be Chinese trade retaliation, stocks reversed course and at one point the Dow was sporting a 400 plus point gain. That’s quite a swing. In the last hour of...
Friends The President was able to calm the market’s concerns over a tariff escalation with China, and the market averages responded by posting some nice gains, recovering about half of Friday’s losses. Next up on the calendar is earnings season which begins in earnest...
Friends Despite a benign Producer Price Index data and a surge in shares of AI driven companies (led by Oracle), stocks wandered aimlessly during today’s trading session. By the close the Dow Jones Industrial Average was down 220 points to finish the day at 45,490....
Friends Who had China tensions on their what will trigger a stock selloff bingo card? We’ve talked about stocks getting a bit rich lately, and that valuation, though not a timing mechanism, may allow some sizable pullbacks. Well today we saw the big growth stocks take...
Friends Stocks finally took a breather today as concerns about a bubble developing in AI related stocks (and the stock market in general), continues to gain traction among market participants. Given that we aren’t getting economic data for the moment, stock market...
Friends Only the Dow struggled to reach positive territory in today’s trading session as the S&P and the Nasdaq both continued to push higher. The AMD chip deal with Open AI helped drive the gains in the Nasdaq. There was also a regional bank deal with Fifth Third...
Friends Well, the government shutdown continues but stocks continue to try to push higher. As we mentioned, because of the shutdown, we did not receive the non-farm payroll data this morning, but as I mentioned maybe no news is good news. History has shown that short...
Friends Market participants still don’t appear too concerned about the government shutdown as stocks once again moved quietly higher in today's trading session. Maybe no news will be good news with regards to government economic data. I guess you can’t have a negative...
Friends So much for concerns about the government shutdown. Market participants were tentative in early trading, but by this afternoon the market averages were trading comfortably in positive territory. Traders have been conditioned to think that these budget wars...
Friends As we appear to be headed for a government shutdown, stocks actually rallied into the close to finish out the quarter on a high note. As for the government shutdown, we’ve obviously been down this road before. In the past the effects on the stock market have...
Friends The bulls are trying to mount a charge into quarter end. Stocks moved up modestly in today's trading session as Nvidia helped Nasdaq lead the way. As we’ve mentioned, stocks aren’t cheap, but the bears just haven’t been able to mount a defense to higher share...
Friends This morning’s release of a key inflation data point helped add some fuel to the market averages. August’s PCE Price Index showed that core inflation rose 2.9%. This measure excludes food and energy. In all the annual rate was 2.7% which was in line with...
