Friends As traders wait to see what comes out of the FOMC meeting tomorrow, stocks drifted into negative territory for most of the trading session. Today’s PPI number was a bit “hot”, while the retails sales number was a bit soft. Remember, all eyes are on the Fed’s...
Friends As all eyes are on the FOMC meeting which begins tomorrow, market participants are trying to determine whether inflation is going to get worse from here or not. Though analyst after analyst continue to show concern that inflation is here to stay, the stock and...
Friends Once again stocks rallied at the open only to see those gains dissipate as the trading session wore on. But by the close we did see modest gains across the board. We have noted that the market averages continue to flirt with new highs only to run out of steam...
Friends As expected, the CPI number was rather hot. We saw prices in May rise by 5% which was even more than the expected 4.7%. But, as we noted yesterday, this “bad” news may not necessarily be bad for stocks, or bonds for that matter. One would expect the...
Friends Today’s trading action and slumping prices seemed more about waiting to get a look at tomorrow’s CPI number than about a bold statement by the bears. We’ve seen this type of action for a while now. The market averages flirt with new highs but there just...
Friends It was another somewhat quiet day of trading as market participants seem to want to wait and get a look at Thursday’s CPI number before making any new commitments. On the economic front we got the JOLTs or job openings number and it was as high as it’s ever...
Friends We had a slight reverse of fortune today as the NASDAQ posted gains while the Dow slumped just a bit. The shares of Biogen were the big winners as it was announced that the FDA approved the biotech firm’s Alzheimer’s drug, which is very exciting news. The...
Friends Estimates were that the U. S. would have added 671,000 new jobs in May. Today’s actual number came in shy of that as instead 559,000 new jobs were added. Now, we have mentioned many times that sometimes good news is bad news and bad news is actually good for...
Friends It was another trading session where early gains in the market averages dissipated as the day wore on. No, there wasn’t a lot of selling as things did finish in the green, and the bears haven’t been able to marshal the forces for some time now. Perhaps the...
Friends The Bulls came out of the gate flying this morning, but as the trading session wore on they ran out of gas while limping to the finish line. As has been the case for some time now, Nasdaq was the most challenged of the market averages early in the session, but...
Friends It was a day of headlines about spending bills, tax changes and massive budget plans. But, once again the stock market shrugged it all off and pushed higher. And, once again, the bond market showed little reaction to inflationary pressures and the...
Friends The bulls tried to gather the troops throughout the day, but in the end they just couldn’t muster any real buying interest. There wasn’t any real news that would trigger a big move either way, and in the end things just drifted into the close. For the day, the...
Friends After a wild weekend in the crypto world, the stock market was surprisingly calm at the open this morning. Stocks moved higher early and the market averages were able to hold onto the gains throughout the trading session. By the close, the Dow Jones Industrial...
Friends The bulls tried to end the week on a good note and were able to push the Dow into positive territory, but the weakness in the crypto currency world seemed to cast a little gloom, once again onto the playing field. Again, the only reason I mention the crypto...
Friends As the crypto currency world calmed a bit, the bulls were able to build on some of yesterday’s late in the day recovery in share prices. Though the market averages did close off the highs of the day, traders for the most part were putting money to work for...
