Friends We were due. Stocks were getting very oversold as we had seen over the past weeks. Intraday rallies have been met with selling and by the end of trading days we seemed always to be heading lower. But today everything kind of reversed. Oil and gold dropped,...
Friends It was very active day of trading. Stocks fell early on word that the U.S. was going to ban Russian energy imports. But by late morning the Dow reversed on rumors and was soon sporting a tasty 500 point gain (an 800-point swing). Things see-sawed the rest of...
Friends It was another very difficult day for the markets as oil and various other commodities continue to see their prices soar as a result of continued global conflict. Sentiment has gotten extremely bearish and as we have noted, any attempts to rally stocks...
Friends The news that the Russians had bombed then subsequently seized Ukraine’s largest nuclear power plant helped set the negative tone for stocks as the trading session began this morning. Stocks moved lower at the open and remained in negative territory...
Friends The bulls tried to put together a positive day for stocks, but in the end, it just wasn’t meant to be. Every move into positive territory was met with selling as headlines and headwinds continue to weigh on the markets. By the close, the Dow...
Friends A measured testimony before the House Committee on Financial Services by Fed Chair Powell helped fuel an already positive day for stocks. The Fed Chair indicated that he will recommend to the FOMC a quarter point Fed Funds rate increase at their March...
Friends The combination of global conflict mixed into a moment in time when the world was already dealing with the worst inflation in 40 years is simply adding to the volatility, we have been predicting for some time now. With the Russians closing in on Kyiv...
Friends As you might expect, given the continued Russian/Ukraine situation, stocks were all over the place today. After an early selloff, stocks rallied to move mostly into positive territory only to see the market averages go right back down near earlier in the day...
Friends Wow, what a crazy week. Word that Mr. Putin was willing to “hold talks” with the Ukrainians seemed to be the catalyst for today’s rally as stocks soared higher and were able to hold onto the gains into the close. On Thursday morning things looked as dire as we...
Friends As I am sure you know the Russians did move on Ukraine last night. Of course, we have no idea what the outcome will be. We have an idea of some of the short-term effects (see the price of oil), but no one knows just how all of this will play out in the...
Friends As expected, it was a wild day of trading after the news that the Russians had invaded Ukraine last night. Stocks fell at the open with the Dow down more than 800 points at its worst this morning. But as the day wore on it appeared that market participants...
Friends Whether it has to do with mounting global pressures or the continuing series of headwinds we’ve talked about for many months now, stocks are really struggling at the moment. The selling appears to be somewhat indiscriminating and simply a move to reduce...
Friends With a three-day weekend ahead and the winds of war blowing through the Twitterverse , stocks never really had a chance today. Oh, the bulls mounted several attempts to rally the troops, but there is just too much uncertainty heading into this weekend...
Friends With a three-day weekend ahead and the winds of war blowing through the Twitterverse , stocks never really had a chance today. Oh, the bulls mounted several attempts to rally the troops, but there is just too much uncertainty heading into this weekend...
Friends It was another difficult trading session for stocks as tensions mount along the Ukraine border. There have been some good earnings reports this week, but they are not taking precedence at the moment. The first cloud that must dissipate is the...
