Friends The yield on the 10 year Treasury Note moved higher before the open today which led to stocks moving lower early in the trading session. Although those yields did move back down throughout the day, stocks stayed in negative territory. As we enter the...
Friends While the business media focused on a Family Office/Hedge Fund that is blowing itself up by having used outrageous leverage to accumulate certain stock positions, the market pretty much shrugged it off and continued to simply chug along. Interest rates ticked...
Friends The bulls were able to build on the momentum that we saw at the close yesterday and push stocks higher to end the week. It was a mixed bag of winners and losers with no real discernable theme. Yes, the reopen stocks did pretty good, but so too did the...
Friends We had a bit of a change of pace today with regards to market action. Instead of a late in the day fade, we had weakness in the morning, but a recovery in the afternoon. If you’re a bull, that is the pattern that you would rather see. By the close, the Dow...
Friends The bulls tried to rally the forces today, but in the end even the Dow could not hold on to feeble gains. Nasdaq shares fell even though interest rates on the long end of the yield curve did not rise. We seem to be falling into a pattern where early attempts...
Friends It was a difficult day for stocks and it wasn’t even the bond market’s fault. There seemed to be some concern among market participants that perhaps the coming economic boom is already priced in (as we have been somewhat concerned about for a while now). Even...
Friends The yield on the long bond backed off a bit today which greased the skids for a move up in the Nasdaq. You know the drill by now, rates down/tech stocks up and vice versa. Even the Dow was able to post a modest gain as all in all it was a good day for...
Friends It was another mixed day for stocks with the Nasdaq being today’s winner while the Dow, weighed down by a drop in financials, was on the short end of the stick. The yield on the 10 year Treasury Note was stable, which helped the beleaguered tech names,...
Friends Interest rates applied the pressure and stocks faltered as the trading session wore on. Again, with the early morning spike in longer term interest rates the big growth names all tumbled at the open. But, as the day wore on, even though bond yields...
Friends Market participants were waiting with bated breath for the Fed release and the Chairman’s press conference and were not disappointed. The Fed Chair again made it clear that despite inflation worries and an economy that is sure to heat up in the second...
Friends It was a good day for the older established growth companies as well as the very defensive area of the market. The economically sensitive sectors saw some selling today with energy, industrials and financials all feeling the pressure. There has been a...
Friends It was a somewhat quiet day of trading until the bulls got involved in the final hour of the session. The long bond was also rather quiet which allowed the beleaguered Nasdaq to regroup and show some life. For the day, the Dow Jones Industrial...
Friends The interest rate on the 10 year Treasury note moved up over 1.62% this morning which sent the Nasdaq tumbling once again. The value heavy Dow Jones Industrial Average was the winner today, and we have seen this pattern for a couple of weeks now. Interest...
Friends It was another good day for the bulls, as all of the major indexes participated in the rally. For the second day in a row the tech heavy Nasdaq was the big winner. We noted that the growth darlings were getting way oversold in a relatively short period of...
Friends Today’s CPI number came in as expected and this afternoon’s 10 year treasury auction went off without a hitch, both leading to a calming of the bond market (rates stopped going up). With the fixed income markets neutralized for the moment, stocks...
