Friends It was a pretty bad day for, well, basically everything. Stocks were down, bonds were down, gold was down, oil was down, Bitcoin was down. Last month’s Fed minutes simply confirmed what we have been hearing from Fed officials over the past week. Rates...
Friends It was a pretty good start to the week for stocks, as there were no real market moving headlines to deal with. The biggest winner of the market averages was the Nasdaq as the big-name growth stocks- Apple, Google, Facebook, Microsoft, and the rest all...
Friends The bulls ran out of gas before they could pull the quarter end rally across the finish line. Not surprisingly, stocks limped into the close on the final day of a quarter that saw a huge decline followed by an impressive rally, all while facing...
Friends It was another trading session where the bulls were able to erase early losses and move stocks slightly higher by the close. The bigger story was with bonds as we saw the yield curve slightly invert with 5-year Treasury yields slightly higher than...
Friends Stocks got off to good start at the open this morning, but as the trading session wore on, buyers seemed to disappear and the market averages drifted into negative territory by early afternoon. But, as we have seen lately, the bulls had a final kick...
Friends With the aid of lower oil prices, stocks got back on the winning track today with the market averages pushing higher. Bonds, which have been active lately, were more quiet today as rates backed off slightly. Once again, we had a bit of a push higher...
Friends Well, today was pretty much the opposite of yesterday. Today stocks were down while bonds moved higher in price (yields lower). Oil prices are moving back higher and that continues to fan the inflation fire. Remember stocks began their recent climb...
Friends After yesterday’s pause, stocks were able to resume their recent rally once again today. In the meantime, bonds continue to sell off (rates moving higher). As a matter of fact, as we stand year to date, bonds are now down more than stocks. Vanguard’s...
Friends News that a Boeing 737 went down in China overnight sent that Dow component lower at the open and the Dow Jones Industrial Average itself with it. The S&P and Nasdaq were holding their own until midday when Fed Chair Powell made it clear that the...
Friends All in all, in was a really good week for stocks. Whether we are simply seeing a bear market rally or the beginning of something new will only be learned in time, but for the moment the bulls finally had a week that they could celebrate. By the...
Friends Stocks continued higher for the week, despite oil prices and interest rates moving higher also. This is the best string of days the bulls have been able to put together for some time. It is only to be determined whether the move higher in stocks is a...
Friends As expected, the Federal Reserve raised the Fed Funds rate a quarter of a percentage point today. Also, but perhaps not as much as expected, Fed Chair Powell indicated that a total of 7 rate hikes are possibly in the cards for 2022 which would bring the...
Friends If you need an illustration of how crazy markets are these days just take a look at oil. WTI was $130 per barrel just last week, and today it was trading at $95 per barrel. And of course, we can’t forget that just 2 years ago oil traded down to a negative $37...
Friends As I have said for the last few Fridays, it’s pretty difficult to step in and do a lot of buying when just about anything can happen over the weekend. Stocks got off to a nice start today based on hopeful headlines about Ukraine, but as the trading session...
Friends Well, yesterday’s counter trend move didn’t last very long- one day to be exact. But the good news is that today’s pullback wasn’t particularly fierce, and buyers did step in to lessen the damage by the close. The CPI number came in about as expected up 7.9%...
