Friends It was another quiet day of trading as market participants wait for a bevy of big tech earnings and the results of an important Fed meeting. We’ll get the Fed’s decision on rates (there will be no change) and the statement tomorrow afternoon. That will be...
Friends It was a tentative day of trading as market participants brace themselves for an avalanche of earnings reports. We get a look at Tesla’s earnings after the closing bell today and then a plethora of important companies will be reporting as the week unfolds. As...
Friends Stocks rebounded from the “capital gains tax shocker” to recover most of yesterday’s losses. Of course, yesterday’s news on taxes from the President wasn’t really a shocker. We all know that it is likely that taxes are going up. The only question is...
Friends As corporate earnings reports begin to rollout, we are simultaneously seeing a little weakness in the market averages. Today we saw strength in the staples and pharmaceuticals, but most everything else was mainly left behind. Early returns have basically been...
Friends The bulls continue to dominate the action on the field, pushing the market averages higher on what seems like a daily and weekly basis. Some of today’s winners are tied to the incredible housing boom we are seeing across the country. The builders, the...
Friends It was another good day for the market averages, though not every sector participated in the advance. Today’s winners were the big tech names and basically growth in general. The recent favorites- banks, industrials and energy all were sources of funds...
Friends It was a mixed trading session today, with the Dow hanging onto small gains while the S&P and the Nasdaq struggled. The big growth winners from last year experienced the most selling pressure today. We saw good earnings from a handful of big banks as...
Friends This morning’s Consumer Price Index number was a little hot, but frankly not as hot as I believe market participants were expecting. The S&P 500 and the Nasdaq had nice days as only the Dow lagged, hurt by Johnson & Johnson and a few other names such...
Friends After last week’s surge in the market averages, stocks took a little bit of a breather today. There was no real news to drive the direction of the markets today but we are entering earnings season this week, so we will get a look at corporate America’s...
Friends Stocks finished up another very good week with a rally that picked up steam as the trading session wore on. There just seems to be more and more money coming into the market, sucking up new issues, SPACs and add-on stock offerings. It is very impressive...
Friends It was another nice, somewhat orderly, advance in stocks today. Continued hope that we will have a robust economic recovery which will not include any long term inflationary pressures is keeping the bulls enthused. For the day, the Dow Jones...
Friends It was another quiet day of trading in the stock market. As I mentioned yesterday, I wouldn’t mind if things cooled off just a bit and the stock market digested recent gains. The bullish predictions for the economy continue to make the headlines and we sure...
Friends Well, stocks did finally cool off just a bit today, though I don’t think the bears are doing a whole lot of celebrating. Actually, a wise bull might be glad to see the advance in stocks take a bit of a break for some much needed digestion. The thing...
Friends A bevy of really good economic numbers, including last Friday’s jobs number (released when markets were closed) and today’s sparkling ISM Services number, helped spark a tasty rally in stocks to begin the week. It was an eclectic mix with some growth...
Friends With the S&P 500 getting very close to the 4000 level, I saw a note today that remembered that the first time the S&P closed above 400 was in December of 1991. That’s a 10 bagger as we say in the biz, over a 30 year period. It’s another great...
