Friends Today’s CPI number came in as expected, 2.7% annualized, but it was a higher number than the past couple of months. Stocks were mixed after the report with value names declining while growth stocks as represented by the Nasdaq and boosted by Nvidia, moved...
Friends Despite more tariff threats over the weekend stocks began the week on a positive note. As market participants continue to look past the tariff noise we now begin to head into earnings season. Starting tomorrow we will begin to hear from the big banks with JP...
Friends Market participants continue to just ignore all the tariff headlines and who can blame them. The goalposts continue to be moved, and we aren’t really sure what the consequences will be if all these tariffs actually do go into effect at some point anyway. So,...
Friends Tech stocks helped move the market averages higher today as investors shrugged off tariff noise and decided to buy the weakness of the last couple of trading sessions. Again, we a teeing it up for earnings season which begins in earnest next week. Until then...
Friends It was another sloppy day for stocks as hand wringing over the effects of tariffs continues to be the dominant theme of the week so far. Again, stocks were probably looking for a reason to cool off a bit and this week’s tariff headlines have given profit...
Friends It was not a good day for stocks and given the fact that we were due to cool off a bit anyway, the confusing tariff headlines provided a good reason to sell. Whether it was which country, what percentage, or when the tariffs will actually take effect, market...
riends I forgot to mention yesterday that today’s trading session ended at noon. It was a short session, but a good one for the bulls. This morning’s non-farm payroll number came in better than expected with 147,000 new jobs created in June. The unemployment rate...
Friends It was a rather strange reaction to a very soft ADP private payroll number this morning. Instead of adding 100,000 payrolls the private sector actually saw a contraction of 33,000 payrolls. Stocks not going down is really not a surprise these days but yields...
Friends The dogs were barking today. On this first trading day of the 3rd quarter we saw many of the “dogs of the Dow” lead the market average higher. Stocks that have not done much all year finally saw a little buying support from market participants. Will it last?...
Friends The quarter ended on a high note for the bulls and what a quarter it has been. We saw stocks tumble in April and on this last day of June we are parked at all-time highs for the market averages. Over a 90-day period we experienced Liberation Day where...
Friends Stocks surged to new all-time highs this morning but did see some profit taking early this afternoon. But the bulls did some more buying in the final hour of trading moving the market averages back to those morning highs. We had some less than stellar...
Friends It was a good day for the bulls. The market averages continue to move towards record territory despite lots of hand wringing among Wall Street analysts. Tariff deadlines appear to be continuously movable and market participants have been directing their...
Friends More than any real selling pressure it just felt like there just weren't any market participants interested in buying today. The market averages are flirting with all-time highs, but it appears the bulls are a little tentative about taking the plunge into...
Friends Hopes that a ceasefire brokered by President Trump between the Israeli’s and the Iranians will hold sent stocks nicely higher today. The market averages are starting to flirt with all-time highs again as we make our way towards the end of the 2nd quarter of...
Friends By now I am sure you are aware that the United States bombed Iranian underground nuclear sites this weekend and that Iran kind of “retaliated” today. Did stocks crumble? Did oil prices soar to $100 per barrel. Umm no. Stocks were mostly quiet before today’s...
