Friends I’ll admit it. I am a little surprised at the strength in equities today and this week for that matter. The inflation picture is surely better than a year ago, but recent data indicates, to me at least, that the Fed might still have some work to do. Just...
Friends Stocks basically gave back what they gained on Monday as market participants continue to attempt to decipher what is next for the economy, the Fed and interest rates. We get the all-important CPI number tomorrow morning and that will likely give traders...
Friends Stocks basically gave back what they gained on Monday as market participants continue to attempt to decipher what is next for the economy, the Fed and interest rates. We get the all-important CPI number tomorrow morning and that will likely give traders...
Friends We were right. It was a very quiet week with regards to stock action. Yes, we had a minor storm cloud that appeared over market leader, Apple, but for the most part there was little news and little action. Given that we are in September, a month that has...
Friends Another trading session with Apple leading tech names lower didn’t end up doing too much damage to the market overall, but still provided the bears with confidence that they have wounded a major general and hold the high ground for the moment. It is...
Friends When the most heavily weighted stock in the market indices sells off it is not a surprise that it pulls the rest of the market down with it. That is what we saw with Apple today. The shares of the consumer tech giant fell more than 4% at one point in today's...
Friends It appeared that the bulls had yet to return from their holiday weekend given today’s lack of buying interest by market participants. Nasdaq tried to squeeze out a small gain but ultimately failed, while the other market averages faltered for most of the...
Friends The unemployment data delivered another goldilocks type scenario for the Fed. Yes, the labor market is softening a bit, but participation continues to climb – which is good. Non-farm payrolls came in at 187,000 vs. the 170,000 expected by analysts. The...
Friends Stocks kind of limped to the month end finish line as today’s inflation data came in about as expected. The challenge for the Fed may be getting inflation from the 3s to the 2s in the coming months. That may keep rates higher for longer which the Fed has...
Friends Softer economic data and slightly lower interest rates seems to be fueling this end of the month rally we have seen over the past week. The bears had things going their way for a few weeks, but the bulls have grabbed the stage once again and some of the big...
Friends The bulls are trying to erase the memories of what up until recently was a difficult August for stocks. Share prices moved higher today led by tech giants and the Nasdaq. Softer job opening and confidence data provided the backdrop for a move lower in...
Friends Talk about “sell the news”. Despite another blow out quarter by this year’s starlet NVIDIA, stocks gave up early gains and retreated as they have done so often this month. Now, tomorrow morning’s comments from Fed Chair Powell will be the focus of market...
Friends August continues to be a difficult month for stocks. We’ve seen a few good days sprinkled in here and there, but for the most part we have seen downward pressure on stocks for weeks now. Market participants are preparing for NVIDIA’s earnings release after...
Friends For the most part, stocks moved higher today led by the Nasdaq which posted a more than 1.50% gain for the day. All eyes will be on Fed Chair Powell and his comments at the Jackson Hole economic conference this Friday. Before that we have more earnings on...
Friends Bond yields pulled back just a little today which seemed to help keep a lid on stock volatility. Sentiment has definitely turned negative in the past week as market participants are choosing to look at the glass half empty with regards to economic news and...
