Friends A disappointing ADP private payroll number and a less than expected forward guidance from GM (it was still pretty good though) after it’s earnings report, sent stocks lower at the opening bell. Sure, you can add Covid-19 Delta variant concerns into the mix,...
Friends Despite worries about the raging Delta variant and the damage that it could inflict on the economy (not to mention human beings), stocks shook off some early morning weakness to post some nice gains by the close. There are a lot of conflicting...
Friends Stocks got out of the starting gate pretty well on this first trading day of August, but as bond yields fell so did the market averages. The fear that the economic boom may be less booming sooner than later seems to have become the new worry. With bond...
Friends We had more great earnings reports and continued mixed reactions to them yesterday after the close and into today’s trading, but the overall market had an upward bias to it despite a disappointing GDP number. It appears that market participants are...
Friends Wow, there’s a lot to cover so here we go. First of all we got some terrific earnings reports after the close yesterday from Apple, Google, Microsoft, AMD and more. These big tech/growth companies are absolutely crushing it earnings and revenue wise,...
Friends Despite more good earnings reports, stocks sold off today in a kind of “sell the news” reaction. Sure, there are concerns about the Covid-19 resurgence and there is a Fed meeting going on today and tomorrow, but investors will be focused after the...
Friends What worries? Monday’s “pullback” seems to be a distant memory just 2 trading sessions later. Sure, some pretty darn good earnings reports from corporate America have been helpful (but no real surprise), but when bond yields stopped plunging and recovered...
Friends After an initial drop, bond yields moved higher, investors had a sigh of relief and stocks recovered a lot of yesterday’s losses. Those sinking bond yields were giving investors heartburn so when that tide turned today, market participants got a little more...
Friends The rising fear that Covid variants may take the steam out of the great reopening sent stocks tumbling today. Over the past year we have seen certain stocks move higher while interest rates were rising. We saw other stocks move higher while interest rates...
Friends Stocks moved lower throughout the day, but more than a selling surge it appeared to be a buyers strike. Perhaps worries over the reports of virus variants gaining strength and infection rates increasing put market participants in somewhat of a let’s...
Friends It was another day of trading with mixed results. Today the Dow was able to spend most of the day in positive territory, but the tech heavy Nasdaq was under selling pressure the entire trading session. Breadth was decidedly negative indicating once...
Friends Though Fed Chair Powell reiterated the Fed’s dovish stance testifying before the House Committee on Financial Services, stocks drifted somewhat aimlessly during today’s trading session. Only the big tech names such as Apple, Microsoft and Google have...
Friends We had a trio of very good earnings reports this morning, but only one winner in terms of stock price. Both JP Morgan Chase and Goldman Sachs had excellent earnings reports but their shares moved lower as the good news appears to have been priced in...
Friends As traders gear up for earnings season, stocks had a mildly bullish session with the market averages posting modest gains. As usual the first week of earnings season is filled with reports from banks including J P Morgan Chase and Goldman Sachs...
Friends As per our discussion earlier in the week today was an “inflation on” day. We saw the long bond move back up nicely in yield and stocks rocket higher from the opening bell. After market participants spent the week wringing their hands over the move in...
