Friends Though both JP Morgan Chase and Citi had really good earnings reports this morning, stocks had a negative bias right from the opening bell this morning. There were some ebbs and flows to today’s trading, but once again market participants seem a little...
Friends It was another somewhat squishy day for stocks. The bulls bid things up a bit early in the trading session, but as the day wore on buyers disappeared and stocks slipped back into negative territory. With news that President Elect Biden is going to...
Friends It was another very quiet day of trading in the stock market as market participants seem to be in a wait and see mode this week. We are entering an earnings season, but I think investors are also keeping an eye both on the vaccine rollout progress and...
Friends Stocks struggled today after a weekend of social media fallout and likely just some overdue profit taking. There were some winners though as banks, energy and retailers all fared well, while big tech struggled. By the close, the Dow Jones...
Friends Today’s action was a bit choppy as early gains gave way to an afternoon selloff (prompted by reports that Democratic Senator from West Virginia, Manchin, was against the $2000 per qualified person stimulus plan). But, by the close the bulls had bid...
Friends It was another good day for stocks. Market participants have had an amazing ability to look past current issues and continue to be focused on what they believe could be a nice economic rebound in the second half of 2021. Interest rates are moving up in...
Friends Stocks stumbled out of the gate for 2021 as market participants appeared a little concerned about tomorrow’s Senate elections in Georgia. Standard thinking is that if the Republicans capture both or at least one of those seats the markets will respond...
Friends What a year! After the craziness that was 2020, it is not surprising that the market, and market participants, seemed just about out of gas as the finish line was crossed. But, stocks were able to rally late in the day to post a nice gain by the close....
Friends The Santa Clause rally got back on track today, but there still seems to be little conviction as traders hold on for dear life till year end. Stocks began the day higher and did hold onto the gains throughout the trading session, though as mentioned there...
Friends Things started off well, with stocks breaking to new highs in early morning trading. But, as the day wore on things began to unravel just a bit and sellers began to take some well-deserved profits. So, for a day anyway the Santa Clause rally was...
Friends Frist of all, I hope everyone had a nice Christmas. Now, as for the markets, Christmas Eve was the first day of the fabled Santa Claus rally and we did see the market averages end slightly higher last Thursday. Today, day 2, saw stocks do even better. The...
Friends For those of you who have been with us for a while you may remember me talking about the Santa Claus rally back in 2008. Well, actually I was pleading for a Santa Claus rally back in 2008 as you may remember, as we were in the middle of the financial...
Friends Well, it wasn't so much "sell the stimulus package news" as it was fear of a new virus strain in the United Kingdom that sent stocks lower at the open this morning. Things did recover some throughout the day but by the end of the trading session only the Dow...
Friends It was a difficult day for stocks as the weight of Tesla being added to the S&P 500 and the never ending stimulus talks took a toll on the market averages. First, Tesla being added to the S&P 500 is like putting a whale in a lake. Adding it to the...
