Friends Stocks struggled for most of the trading session, except Amazon, which bucked the trend and forged higher. After we saw a very good advance for stocks last week, fueled by encouraging news that mitigation seemed to be flattening the virus curve, and...
Friends We got another horrific weekly jobless claims number, but that was certainly expected. What was not expected was that the Federal Reserve found another kitchen sink to throw at the situation. Previously, the Fed committed billions, if not trillions of...
Friends Stocks tacked on another round of healthy gains at the open this morning, but as the trading session wore on, the bulls seemed to run out of firepower. Some of the stocks that had been leading the way in the recent advance began to see a little “profit”...
Friends Stocks rallied as hopes that we actually might be flattening out the virus curve superseded the reality that the economic damage, however this plays out, is going to be severe. The stock market moving on emotion is certainly not a new concept. We saw...
Friends We knew we were going to see a terrible jobs number this morning and that's exactly what we saw. We lost more than 700,000 jobs in March, and of course we know that number is going to climb quite a bit. The numbers really are just mind numbing at the moment,...
Friends The President was busy today, first trying to work the Saudis and the Russians into an oil production decrease, then he enacted the Defense Production Act forcing GE and 5 other companies to produce ventilators. Of course the big news this mornings was the...
Friends It was a very ugly start to the new quarter. I wish it was an April Fool's joke. Unfortunately, it appears that with headlines getting worse and worse, we are likely destined to test the lows we saw a couple of weeks ago. I've mentioned, that to find some...
Friends Well, that was quite a first quarter 2020. If it’s ok with you, I’d like to just fast forward to 2021. Ok, I guess that isn’t going to happen, so we’ll just have to get through all of this on a day by day basis. Obviously, stocks were down quite a bit in the...
Friends Now that we all know that we’ll all be in our homes for a least another month, I guess we’re going to have to come up with new ways to entertain ourselves. I went out at lunchtime and started my car (hadn’t in 15 days). It still works. Let me know if you have...
Friends Amid a plethora of distressing headlines, stocks gave back much of yesterday’s gains in early trading. The bulls did try to mount a rally in the last hour of trading but it failed rather miserably. Stocks did end higher for the week, but it certainly felt like...
Friends As expected the weekly jobless claims number spiked. More than 3 million people applied for unemployment benefits this week, a number that is even bigger than expected. The good news might be that at least the system was able to file that many applications....
Friends I was going to let you know how stocks soared for a second day in a row. For whatever reason, it’s just good to see stocks going up for a change, as it has been a difficult last few weeks. Well, stocks did go up some, but in the last 20 minutes or so gave up...
Friends Finally, Congress has delivered an impressive piece of legislation for the U.S. citizens, designed to bridge the gap until we can restart the country. Wait a minute, I’m getting word that nothing has emerged yet from the Congress? Ok, there has been...
Friends Phew, it’s a good thing that calmer heads prevailed, partisanship was put aside, and our folks on the hill were able to strike an historic deal and produce a heroic piece of legislation for the American people over the weekend. Wait, hold on, I’m hearing now,...
Friends It looked like stocks really wanted to go up today, but alas, it appeared that more liquidation was occurring, it was quadruple witching Friday, and basically investors were scared to buy much of anything heading into the weekend. As more and more forced...
