Friends Stocks had leftover momentum from the Fed’s bond buying spree this morning. Then we added a little surprisingly strong retail sales number and a positive report on a common steroid being a helpful Covid-19 therapeutic, and that produced a tasty 1000 point Dow...
Friends Stocks had a very impressive reversal today as a sharp early morning selloff turned into to a small gain by the close. It appeared that last week’s concerns about the virus gaining strength in southern states had carried over into this morning’s opening. But,...
Friends Stocks did recover a bit of yesterday’s bludgeoning, and by the close were able to post a decent gain, after a lot of volatility. Yesterday’s worries about the virus rearing its ugly head again seemed to be dampened by an article in the Wall Street Journal...
Friends Well, I it appears that the old worrier indeed had something to worry about. Stocks collapsed today, perhaps on fears that the Covid-19 pandemic still is anything but in the past, or as a continuation of yesterday’s concerns over Fed Chair Powell’s less than...
Friends As expected, the Fed did not change interest rates at the conclusion of the 2 day Fed meeting which began yesterday. As a matter of fact, Fed Chair Jerome Powell said that the Fed hasn’t even thought about raising interest rates and likely won’t for a long...
Friends Stocks finally took a little breather today, and that is probably a good thing. The market averages have gotten very extended on a technical basis, so before we set ourselves up for another more drastic downturn, it would be nice if we just cooled down a bit....
Friends The stock market was open for trading today, so that must mean that stocks traded higher. Ok, I’m just kidding, but it sure seems like the market averages trade higher every day recently. Sure, the economy is “opening” back up, but the markets with the help of...
Friends Never in the history of economic data has a number so surprised everyone. It was expected that today’s jobs number would show a loss of another 8 million jobs in May. Instead, the economy added 2.5 million jobs in May. The unemployment rate which was expected...
Friends Stocks tried to post a fourth straight day of gains for the week, but seemed to finally run out of gas later in the trading session. Well, the Dow actually snuck back into positive territory right at the close, but the S&P remained in negative territory....
Friends Stocks had another really good day as the momentum to the upside continues. It is starting to feel a little late in the move, but the fear of missing out is strong and you can almost feel the capitulation on a daily basis. The ADP private payroll number wasn’t...
https://www.youtube.com/watch?v=M0nrIvgebS4
Friends More unrest, yet stocks continue to climb. I’m going to talk more about this in a video, but it really is amazing to see the disconnect between main street and wall street. Anyway, stocks spent the day in positive territory and never really seemed in any...
Friends Despite the social unrest we saw over the weekend, and the heightened tensions between the White House and China, stocks had a decent day and got June off to a nice start. Time after time the question is asked of me, why are stocks going up while the whole...
Friends Stocks moved in and out of positive territory today as China tensions continue to increase, and a plethora of other domestic issues continue to smolder from racial tensions to fights over what constitutes free speech. We’ve come a long way from the March...
Friends Stocks were having another nice day until word came that the President was going to make some comments about China in a press conference. Worries are that tensions are heightening once again, and deals that were made might be discarded overtook stocks and the...
