Friends We had a very bifurcated market today. The Dow Jones Industrial Average finished off the Santa Claus rally in style, while the Nasdaq laid an egg. The narrative as we move into 2022 is that expected higher interest rates will be a headwind for tech and high...
Friends What a year it has been. Who thought the pandemic would still be with us at this point? Well, at least we were hoping it wouldn’t. We did get some fiscal spending, but not as much as the President and perhaps the markets were expecting. We got plenty of...
Friends Once again we had a very quiet trading session – so quiet that the bulls seem to have disappeared in the last hour of trading. Stocks had drifted mainly in positive territory throughout the trading session, but dipped into the red in the last hour of...
Friends Though somewhat tepid, the Santa Claus rally continues as we grow closer to year end. Today we saw some of the ‘boring’ consumer staples, utilities, materials and healthcare names lead the market slightly higher. In addition, we are finally seeing bond...
Friends After a four day mad dash higher, stocks took a bit of a breather today, and that’s probably a good thing. We went from an oversold situation to a very overbought condition in five trading days, so a little pause should be refreshing. It was a...
Friends It looks like Santa had plenty of presents in his sleigh for the bulls as stocks rallied nicely on this, the first official day of what is referred to as the Santa Claus rally. Stocks opened higher and remained decisively in positive territory for the...
Friends As expected is was a very quiet day of trading. Stocks opened higher and it seemed like traders simply disappeared after that as the markets simply drifted into the close. For the day, the Dow Jones Industrial Average was up 196 points to close...
Friends Stocks were able to add to yesterday's rally giving the bulls some holiday cheer as we head towards Christmas break. We have one more day of trading in this shortened holiday trading week, and unless there is some major news, it wouldn’t be a surprise...
Friends It has been quite a roller coaster ride for stocks in December. Today we got a nice rally after yesterday's selloff to somewhat square things for the week so far. We have pointed out the headwinds that the markets are facing as we finish out the year...
Friends Take your pick. Omicron, hawkish Fed, no more fiscal stimulus (Build Back Better), inflation, valuation- any or all of these could be attributed to the continued weakness in the stock market. Once again stocks were under pressure from the opening bell...
Friends The roller coaster ride continues. Today, the Nasdaq fared better than the Dow and the S&P 500, again making it difficult to decide what sectors of the market are poised to do better in the coming weeks and months and which sectors are in danger of...
Friends It was another day where sectors of the market moved in different directions. Boring, mundane shares of companies that sell day to day products had a pretty nice day. Shares of companies that represent more of the future tumbled. Ok, that was a bit...
Friends The Federal Reserve concluded their final 2 day Federal Open Market Committee (FOMC) meeting of 2021 today. The release of the statement at 1:00 our time and the subsequent press conference by Chair Powell gave the market at lot to consider. What did we...
Friends Stocks struggled once again as investors continue to be concerned about the path of the Federal Reserve. The final FOMC meeting of the year began today and will conclude tomorrow. After the statement at 1:00 the Fed Chair will hold his usual press...
Friends Market participants will be focusing on the Fed this week as their final FOMC meeting of the year begins tomorrow. We will get the committee’s statement and Fed Chair Powell’s press conference on Wednesday. Expectations are that the Fed will announce...
