Friends It was a good week for stocks. Despite the back and forth and conflicting headlines, market participants still appear to believe/hope that another stimulus deal can be done before the election. I’ve been a little bit of a doubting Thomas with regards...
Friends Not so fast. Maybe there will be some type of stimulus deal before the election. Then again, maybe there won’t. Today, market participants were influenced by headlines indicating that there might be something worked out with regards to...
Friends For the past week the business news channels have been reporting breathlessly on every phone call between Speaker Pelosi and Treasury Secretary Mnuchin. The markets were becoming convinced that another stimulus deal could be hammered out. It had to happen,...
Friends Where do I start? News of the President doing well with his Covid-19 treatments helped fuel an early rally in stocks. Then after things had settled in for the day, news that the President was going to be heading back to the White House late this afternoon,...
Friends Oh my, it was quite a day of news. First we discovered overnight that President Trump and the First Lady both tested positive for Covid-19. They both appear to have mild symptoms, but of course this story will develop over time. Before the opening bell we got...
Friends The markets continue to be focused on the negotiations going on between the White House and Speaker Pelosi on a new stimulus bill. Every sign of hope sends stocks up and then every dose of reality sends stocks back down. Maybe they will be able to strike a...
Friends As I expected, a robust, issue driven, civil debate would lead to a nice rally at open this morning. I'll just pause there for a moment. Anyway, stocks rallied on hopes that Steve Mnuchin and Nancy Pelosi would get along better than the candidates in last...
Friends Stocks struggled today although the market averages rebounded somewhat from their lows of the day. It appears that market participants, despite strong consumer confidence numbers might have been a bit concerned about the Presidential debate tonight and how the...
Friends It was a good start to the week for stocks. The market averages opened higher and for the most part held on to their gains throughout the entire trading session. Once again, there seems to be some hope that a stimulus deal could come out of Congress before the...
Friends It's been a difficult month for stocks, but the bulls did show up this afternoon with their shopping list. There is some hope that a stimulus bill could be crafted and passed but that seems pretty unlikely before the election, but who knows? We saw the reopen...
Friends, Attached are some thoughts on the markets and the upcoming election. You can also watch the video on our Facebook page. If you have any thoughts or questions shoot us an email or give us a call.
Friends After a somewhat weak opening, some "bargain" hunters showed up to push the market averages higher in afternoon trading. The big growth names were the winners today, with the Nasdaq leading the other market averages higher. Nothing much changed on the economic...
Friends September is living up to its reputation. At the lows today, the S&P 500 was down almost exactly 10% off the highs set a few weeks ago. We did bounce off that level, but it was a difficult day for most stocks. After word of Justice Ginsburg's death and the...
Friends It was another back and forth trading session today as traders seemed uncertain exactly what stance they wanted to take as the week came to a close. We’ve noted that this is typically a difficult time of year for stocks, and you add in the economic...
Friends We saw a pretty volatile day of trading today, but it all seemed rather contained. Stocks fell hundreds of Dow points early, regained all of those losses, fell again, recovered again, but in the end drifted back down decisively into negative territory. The...
