Friends Stocks spent the first half of the trading session getting all excited about the Fed statement that was to be released at 1:00 our time. By gametime the Dow was sporting a nice 300 plus point gain and Nasdaq was up well over 2%. By the time Chair Powell...
Friends It was another wild day of trading with amazing minute to minute volatility. After stocks plummeted in early trading once again (the Dow down more than 800 points at one time), the market averages fought their way back higher with the Dow actually climbing...
Friends Wow, where do I begin? Stocks tumbled, and tumbled, and tumbled this morning until by midday the Dow Jones Industrial Average was sporting a 1000-point loss. Nasdaq was flirting with down 20% from its all-time high and small caps as measured by the...
Friends It was a miserable week for stocks. The poster child for this week’s market action was Netflix. The streaming service company’s shares plunged today after a less than stellar earnings report after yesterday's close. We are certainly in a different...
Friends Well, that was ugly. The Dow, the S&P 500 and the Nasdaq all coughed up sizable gains in today’s trading session leaving all three in negative territory at the close. It had been some days, but buyers finally appeared this morning only to have their...
riends Stocks continue to be under pressure as even the generals who were able to sustain the market averages late last year have finally succumbed to the selling. The beleaguered Nasdaq fell into “correction” territory which is defined by a drop of 10% from the...
Friends It was a difficult day for stocks and bonds. First, bond prices dipped as the 10-year Treasury note’s yield climbed to 1.87%. Stocks sold off from the opening bell and never really recovered. No reversals today. The big banks have had quite a run as we...
Friends It was another curious day for stocks as once again we are seeing intraday reversals and rotations. Today, after some less than stellar reports from a couple of major banks and a disappointing retail sales number, stocks sold off early and often. But, later in...
Friends After a couple of good days for the bulls the bears were able to wrestle back the narrative with the Nasdaq Composite Index continuing its heightened volatility. Did we mention recently that we might see a bit more volatility this year? The PPI number showed...
Friends We found out this morning that the final number for inflation as measured by the Consumer Price Index in 2021 was a whopping 7%. December’s number was up .5% so the trend might be easing just a little but not much. Stocks took the news pretty much in stride as...
Friends Stocks once again were able to reverse some early morning weakness and move higher after the Senate nomination hearings Q&A with Fed Chair Powell. The Fed Chair did not really reveal anything new with regards to future monetary policy, but market...
Friends Today began as another difficult day for stocks but by the close the market averages were well off the lows of the day with the Nasdaq actually getting into the green. The 10-year Treasury note touching 1.80% was a bit unnerving, but investors are going to...
Though stocks moved higher early in the week it ended up being a difficult week for the bulls. The Fed’s additional hawkish tone derailed the move higher and confusing employment numbers didn’t help. Today’s non-farm payroll number was 199,000 new jobs created in...
Friends The bulls spent today’s trading session trying to rally the troops but in the end the bears still were able to hold the high ground. Of course the release of the Fed minutes sent a bit of a shiver through the financial markets yesterday and by this morning...
Friends The Fed minutes released this afternoon indicated that the FOMC members appear to be more willing to embark on a hawkish path than even the market had anticipated. Not only is the Fed going to end the asset purchase program (quantitative easing) in the next...
