Friends Becoming more convinced that the Fed will cut the Fed Funds rate in September, market participants bid stocks higher today. As we hear from Fed officials via interviews and speeches it is becoming clear that they are on board for a couple of rate cuts in the...
Friends Some weakening economic data and a lot of tariff talk sent stocks lower after yesterday’s big rally. The ISM Services index was flat in July, and being that Services account for about 70% of the U.S economy that was a significant slowdown. Added to that news...
Friends Stocks recovered most of Friday’s losses as market participants shrugged off that disappointing jobs data and decided that the likelihood of Fed rate cuts is good for stocks. Of course, tomorrow might bring a different narrative, but for now the bulls regained...
Friends This morning’s jobs report certainly stirred up the markets. Not only did the July number come in much lighter than expected (73,000 new jobs vs. an estimate of about 100,000 to150,000) but May and June’s numbers were revised much lower. The President wants...
Friends After the close yesterday we got earnings from both Microsoft and Meta and both companies hit it out of the ballpark. That helped spark a rally in the Nasdaq (which fizzled at the close) while the other market averages struggled. This morning’s inflation...
Friends As expected, the Fed kept the Fed Funds rate unchanged, but it was not a unanimous vote as there were 2 Fed officials who voted for a quarter point rate cut. The markets still are betting that there is a likelihood of 2 cuts this year, one in September and one...
Friends Stocks were a little shaky heading into the eye of the storm. Over the coming three days we will have a Fed decision, inflation data, jobs data, and a plethora of important earnings releases including Amazon, Microsoft, Meta, and Apple. I don’t think the Fed...
Friends The bulls continue to push stock prices higher with corporate earnings providing a tailwind so far. We still have a big week of announcements next week with the likes of Apple, Amazon, Microsoft, Meta, Ford, AbbVie, Shell, Mastercard, Kimberly-Clark,...
Friends After yesterday's close we got a good earnings report from Google and a not so good report from Tesla. Both stocks acted accordingly. As for today’s action, the Nasdaq and the S&P were able to produce gains for the session while the Dow struggled. IBM,...
Friends News that trade deals are beginning to take shape sent stocks higher as we wait for earnings from Tesla and Google after the closing bell today. The President mentioned that a trade agreement with Japan was close, and renewed efforts to get a deal done with...
Friends Despite a few less than stellar earnings reports from Coca-Cola, Lockheed Martin and Philip Morris, the Dow and the S&P were able to carve out gains on a rather quiet trading day. Tomorrow, we get numbers from big names Google and Tesla. Maybe that will...
Friends Stocks leaned higher today as we enter a busy week for corporate earnings. Today, market participants were pleased with Verizon’s release. As the week unfolds, we will hear from Coca-Cola, Lockheed Martin, Baker Hughes, Halliburton, Alphabet (Google), Tesla,...
Friends Sure, there were tariff headlines. Heck, there are always tariff headlines. But I think stocks just kind of ran out of gas today. We have been pushing new highs almost every day lately, so a little rest couldn’t do any harm. Over the next couple of weeks, we...
Friends We had some very solid economic data this morning including a better-than-expected retail sales number. Market participants seemed pleased and once again stocks moved higher throughout the day. We also saw more good earnings releases from the likes of...
Friends He’s going to fire him. I’m not going to fire him. I might find cause to fire him. The drama over whether the President will (or even can) fire Fed Chair Jerome Powell overshadowed a tame PPI number and some good earnings reports. For the record I’m pretty...
