Friends How about that old stodgy Dow Jones Industrial Average? With one trading day left in the month, the Dow is on pace to have its best month since 1976! That’s a long time. Yes, we saw disappointing earnings from Amazon last night, but Apple’s earnings were...
Friends With Google, Microsoft, and Meta (Facebook) all floundering this week and taking the wind out of the sails of the Nasdaq, it has been the stodgy old Dow Jones Industrial Average that has continued to push higher. Today buoyed by McDonalds, Caterpillar and...
Friends Stocks were able to add to last week’s gains during today’s trading session as investors brace for a big week of corporate earnings. We mentioned some of the names that will be reporting this week, but just a reminder that behemoths Google, Microsoft,...
Friends Stocks were able to add to last week’s gains during today’s trading session as investors brace for a big week of corporate earnings. We mentioned some of the names that will be reporting this week, but just a reminder that behemoths Google, Microsoft,...
Friends Investors continue to look for signs that the Fed is closer to the end of their rate hike cycle than not, and today the word was that the Fed would like to consider slowing the pace after the coming November hike. The problem the Fed has is that when...
Friends Stocks were sporting nice gains this morning, but by midday those gains had dissipated, and stocks spent that last couple of hours of trading in negative territory. Earnings continue to impress given the gloom and doom we entered this earnings season...
Friends A weak 20-year Treasury auction and the fact that interest rates in general continue to push higher (not to mention hawkish comments by a Fed governor) put a damper on the stock rally we had seen so far this week. Earnings continue to come in better...
Friends Stocks added on to yesterday's gains and even though it was a struggle, after several attempts the bears were unable to wash away the bulk of those gains. It is very early, but the few companies that have reported earnings have at least been able to...
Friends Last week’s wild trading swings continued today with stocks moving smartly to the upside. Nasdaq led the way as the biggest percentage winner, but this morning’s Bank of America earnings release helped the bank be one of the day’s biggest winners....
Friends It’s already been a wild day for stocks. I am going to be seeing a client this afternoon, but I wanted to touch base about the CPI number this morning. The month over month increase in prices at the retail level were hotter than expected and the year over year...
Friends Today’s Producer Price Index remained stubbornly high coming in a little hotter than expected, which somewhat dims the hopes that tomorrow’s CPI report is going to be any better. Stocks at least were able to avoid any major selloff and remained mostly...
Friends Market participants are focused on this week’s inflation reports. We get the Producer Price Index on Wednesday which measures price at the wholesale level, and then we get the Consumer Price Index on Thursday which measures prices on the retail level. The...
Friends The hopes and dreams of the bulls were dashed once again (so typical of a bear market), as todays employment numbers were too good. That’s right, good news is bad news. The Fed is not going to be backing off their fight against inflation any time soon. Those...
Friends It appears that the bloom is already off the rose of Monday and Tuesday’s stock market rally. Maybe the bulls will surprise us tomorrow after the release of the non-farm payroll number, but it would be kind of important that they at least hold on to...
Friends Even though stocks finished lower for the trading session, it was a pretty good day for the bulls. No, nothing like Monday or Tuesday when stocks rocketed higher. But stocks plunged at the open only to reverse and move into positive territory before giving...
