Friends As you all know, every October 19th I reminisce a little bit about the anniversary of the stock market crash of 1987 (Black Monday). You may remember it was my 3rd year in the business and it was a moment in time that I will never forget (I still have...
Friends As we move into a very busy couple of weeks of corporate earnings releases, stocks began today’s trading session on the defensive. Perhaps the bulls were tentative to jump into the pool after last week’s gains, but as the trading session wore on the...
Friends After several weeks of negative stock action, the bulls circled the wagons this week and pushed stocks higher. As mentioned yesterday, early returns on earnings season have been encouraging, albeit most of the good news has been in the banks and...
Friends There was just a sprinkling of earnings reports this morning, but boy were they helpful to the market averages. Citi and Bank of America helped the financials, while United Healthcare and Walgreens helped buoy the Dow Jones Industrial Average. In the...
Friends Market participants had corporate earnings, a hot CPI report and the Fed minutes to chew on today. Bank shares were among the few that had rallied into earnings season so it wasn’t a complete surprise that J. P. Morgan Chase shares slumped after its...
Friends We had a very disappointing non-farm payroll number as only 194,000 new jobs were created in September. Remember, expectations were that we would see 500,000 new jobs created or more. The unemployment rate did fall to 4.8%, but that somewhat contradicts...
Friends With the news that Congress has approved a deal to delay the debt ceiling game of chicken until December, stocks got quickly out of the starting gates. The Dow was sporting a 500 point game by mid-morning, but as the afternoon wore on the bulls pulled...
Friends Right on cue, stocks fell at the open giving back all of yesterday’s gains, but adding to recent volatility we got an intraday move today as stocks reversed course and actually moved into positive territory by the close. Perhaps, today traders began to...
Friends Stocks bounced right back again today erasing some of yesterday’s damage and continuing the amazing volatility we have seen over the past few weeks. The beleaguered tech sector which appeared to be getting oversold bounced nicely today despite interest...
Friends As we move into October and earnings season, the volatility that kicked off a couple of weeks ago continues. After Friday’s snapback rally, the sellers were ready to move into action once again. Stocks fell early, led by the beleaguered Nasdaq and...
Friends The volatility continues in the stock market as today we saw swings from positive to negative in the morning only to have the bulls step in and do some buying and send the market averages higher in the afternoon. Exciting news from pharmaceutical...
Friends The 3rd quarter of 2021 ended with a thud. It was a challenging quarter for the bulls as the market averages attempted in vain to make new highs but faced difficult head winds. Inflation, interest rates, the Fed’s plan to tighten, the Delta variant,...
Friends The bulls made a somewhat half-hearted effort to rally the troops today, and two of the market averages did end the day higher, but buying was sparse and choppy and it felt like the sellers were simply exhausted from yesterday’s action. Nevertheless, at...
Friends Last Monday kicked off a new round of volatility and today the growth stocks once again led the Nasdaq and the S&P lower. As inflation fears permeate the market and interest rates move higher the big growth names like Amazon, Google,...
Friends Stocks were mixed today as we saw a reaction to the recent rise in interest rates. On the buy side of the ledger were financials and industrials and on the negative side of the ledger were the big growth stock names. We saw this same type of action...
