Friends Stocks were a bit quieter today, but the bulls still are holding on to the high ground. Again, despite continuing concerns about the coronavirus (well, at least I still have continuing concerns) it appears that liquidity and fear of missing out has overridden...
Friends When I was preparing for the week Sunday evening, I felt pretty sure it was going to be a difficult one for the bulls. Boy, was I wrong. Stocks have gone up all week, despite continuing concerns over the coronavirus. Yes, we have had some good news with...
Friends Holy moly, what a rally! Once again, despite lingering concerns about the coronavirus and it’s likely effects on global growth, stocks fueled by central bank liquidity surged higher today. Corporate earnings have been decent so far. For instance, Clorox had a...
Friends Despite continued concerns about the coronavirus, and stocks plummeting on the first day of trading in China after the Lunar New Year holidays, the market averages here in the U. S traded in positive territory for the entire session. Beware of false headlines...
Friends Weak economic data, less than stellar corporate earnings, and of course most of all the continued spreading of the coronavirus headlines, all weighed on the markets today. It’s not surprising that stocks are down today given the global economic damage the...
Friends Despite one unnerving coronavirus headline after another, stocks actually fought off all the worries and concerns to end higher for the day. The headlines were taking effect throughout the trading session, sending stocks lower wave after wave with the Dow down...
Friends Stocks staged several rallies today, but in the end it was much ado about nothing. As is often the case on Fed day, traders weren’t sure how to react to the FOMC statement and Chairman Powell’s Q&A. It seemed apparent that the Fed continues to take a...
Friends Market participants decided that yesterday’s dip in stock prices created a bit of a buying opportunity, or we just saw a bit of a technical bounce off of yesterday’s action. Either way, stocks were able to erase some of the losses from the previous two trading...
Friends Uncertainty over the coronavirus understandably has the markets a bit unsettled. The longer the crisis takes to unfold and hopefully resolve, the more damage can and will be done to the global economy. As we have talked about, stocks, having had such a great...
Friends Stocks finally succumbed to the stress of the coronavirus rumors and reports, and after an early morning rally, fell decidedly into negative territory. Earnings have been about as expected so far, and of course we are going to get a bevy of reports over the...
Friends Stocks tried to go down today, they really did. For a good portion of the trading session, the bears had the upper hand. Worries about the coronavirus, people eating bats and stock valuations had the bulls backing away from the table. But, as the trading...
Friends Stocks did try to move higher most of the day, but virus reports and simple buyers' exhaustion finally set in. Earnings from IBM, Johnson & Johnson and Netflix were fine, but not exciting enough to effect the markets. It will be interesting to see, given...
Friends The bulls seem to have gotten their rest overnight, because they were in a buying mood today. Stocks started the day to the upside and the buying continued throughout the trading session. The proceedings in the Senate with regards to the beginning of the...
Friends Despite good earnings reports from the likes of J. P. Morgan Chase and Citigroup, stocks were basically undecided by the close today. We did have a nice rally taking place at midday, but confusion about the China deal and simple buying exhaustion led to stocks...
Friends As we sit here in Houston today, reeling from an unreal playoff football loss, and the nuking of our baseball team's front office/management, stocks did actually trade today. It was a quiet but positive day for stocks as traders gear up for earnings season, a...
