Friends Expect the unexpected, indeed. Today’s non-farm payroll number was much hotter than expected with 339,000 new jobs created in May which was much more than the 190,000 that analysts expected. The unemployment rate did tick up a tad to 3.7% and average hourly...
Friends Softening economic data appears to be giving the bulls reason to believe that the Fed will pause or perhaps even fully stop its inflation fighting monetary policies this summer. The chances of a rate hike in June appear to be lessening and investors are...
Friends It was a mixed day for the market averages as the Nasdaq continues to shine while the S&P and the Dow show little luster. Once again, a small handful of stocks have accounted for all of the gains in the S&P this year as well as the Nasdaq. Sure, the...
Friends Going into the Memorial Day weekend traders felt emboldened by vibes out of D. C. that a budget agreement could be reached soon. We will see of course but at least for today the bulls had some clear sailing. By the close, the Dow Jones Industrial Average...
Friends A blowout earnings report from AI chip make Nvidia fueled a rally in the Nasdaq today once again illustrating the divergence between the different market indices. The Nasdaq is having a great year (after a very difficult 2022), the S&P 500 is up nicely...
Friends While market participants wait for the folks in Washington D.C. to do something incredibly stupid with regards to the debt ceiling fiasco (most likely there will be a kick the can down the road agreement at the last minute), we got a look at the Fed minutes...
Friends Once again, market participants really don’t want to participate until the debt ceiling fiasco is solved in Washington D. C. Stocks were lower throughout the trading session, not necessarily because of immense selling pressure, but more because of just a lack...
Friends It appears that the wrangling over the debt ceiling has market participants feeling content to stay on the sidelines for the moment. Stocks were mixed throughout the session with the Dow mostly in negative territory, the Nasdaq mainly in positive territory...
You may have noticed, whether online or on business television, that there are quite a few folks who make predictions. They tell us what the economy is going to do, they tell us what direction the stock market is going to go, they tell us which direction interest...
Friends The bears continue to try to push stocks lower, but the bulls have been able to defend the high ground and keep stocks grinding higher. We got a look a Walmart’s earnings this morning, and they were pretty darn good. All of the big retailers survived what many...
Friends Hopes that a budget deal will get done sooner than later and bullish comments over the past few days from hedge fund behemoths helped stocks move higher today. Earnings releases from Target and TJX on the surface looked challenged but shares of both...
Friends Despite a decent retail sales number, stocks moved lower today as traders continue to stress over the showdown in Washington, D.C. over the debt ceiling. Home Depot delivered a less than stellar earnings report which also didn’t help the bulls’ case. But the...
Friends The bull/bear tug of war continues as stocks drifted within a very narrow range today. After a better-than-expected earnings season (although we will get a look at retail earnings this week), and decent inflation numbers market participant will be mostly...
Friends The PPI number came in a little better than expected this morning confirming that as is the case at the retail level, inflation continues to moderate at the wholesale level. Jobless claims ticked higher also this week another confirmation that though the...
Friends Stocks seemed to like the inflation numbers at first glance, then things went south for much of the trading session only to recover somewhat by the close. As mentioned, we got a look at the Consumer Price Index this morning and things came in about as...
