Friends The crypto currency world experienced some dramatic moves today and the stock market seemed to be swept up in the drama. We’ve wondered if disruptions in crypto, given how large the crypto universe has become, would cause disruptions in other markets....
Friends It was a sloppy day of trading, but the bulls were at least able to minimize the damage by the close. There are a lot of cross currents that traders are having to deal with as sectors seem to fall out then back into favor on almost a daily basis. As for today,...
Friends After the bears made some noise Monday, Tuesday and Wednesday, the bulls made their presence known over the last two trading sessions. Despite a less than stellar retail sales number this morning market participants were in a buying mood and all of the...
Friends Yes, yesterday’s email was a bit sarcastic, but I think you got the point. If inflation is indeed the next thing to worry about, stocks might be one of the best places to hide. Anyway, after yesterday’s drubbing, stocks had a big bounce back today,...
Friends If you were looking for a pullback, here you go. We have chronicled the problems that the Nasdaq has encountered recently, and now we have a quick 4% pullback in the S&P 500 within days. Today’s higher than expected (and a high number was expected) CPI...
Friends Today’s trading action was quite interesting. The Nasdaq fell once again at the open, but was able to turn the tide as the trading session wore on to actually push into positive territory for most of the afternoon. On the other hand, the Dow and the S&P...
Friends It was another very difficult day for the Nasdaq and what were up until recently the growth stocks that had led the market higher. Day after day we see these once high flyers go lower and lower, while last year’s laggards such as energy, financials and...
Friends We had a version of bad news is good news today with the non-farm payroll number coming in at 266,000 new jobs created in April instead of the more than 1 million forecasted (some whisper numbers were as high as 1.5 million). So, instead of the Fed...
Friends It was another trading day with wide divergences. Boring, stodgy staples and financials were the winners (and have been for a lot of 2021) while sexy go-go growth names continue to struggle. Well, struggle might be a kind term when you consider last...
Friends The market averages tried to rally despite a slightly disappointing ADP private payroll number, but it really appears that the bulls have run out of ammunition. The beleaguered Nasdaq was actually in positive territory for a short period of time today, but...
Friends Comments from Treasury Secretary Janet Yellen seemed to unsettle the stock market today with the Nasdaq once again receiving the brunt of the selling. The Treasury Secretary had the audacity to mention in an interview that the Fed might just have to...
Friends It was a mixed start to the new month. The Dow and the S&P were able to post modest to decent gains while the Nasdaq dipped into negative territory for the day. Remember, we had all those big tech earnings reports last week and it seems that Nasdaq is...
Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We...
Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the...
Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and...
