Friends Ok, I jinxed us, didn't I? Stocks did really go down today. Actually, after a somewhat lukewarm jobs number (145,000 new jobs were created in December) stocks had another positive opening. But, as the day wore on it felt like the buyers just ran out of gas....
Friends Market participants, relieved that tensions with Iran seem to have lessened, sent stocks higher again today. Yes, it is enjoyable to watch the market averages hit new highs day after day, but the speed and ease of this move is starting to feel just a little...
Friends It's been a crazy 24 hours. Not long after the close of trading yesterday, rumors began to surface that an attack on American targets in Iraq had begun. After a couple of seemingly false reports, by early evening a missile attack was, indeed, taking place and...
Stocks slumped in relatively calm trading today as market participants continue to be a bit tentative given the tensions with Iran. Buyers did appear throughout the trading session, periodically keeping the damage contained, but there was not much conviction from the...
Friends Wait a minute, stocks were supposed to be down pretty big today given the tensions with Iran that seemed to escalate over the weekend. Indeed, stocks did open down this morning to the tune of a few hundred Dow points or so, but as the trading session wore on,...
Friends As traders like to say – risk happens fast. The elimination of a terrorist Iranian General overnight by the U.S. sent stock futures tumbling, and at the open of trading this morning stocks basically gave back all of yesterday’s gains. Some “dip” buyers did...
Friends 2020 got off to a nice start for the bulls today, though not all stocks participated. Small Cap shares struggled and the equal weighted S&P 500 was only up slightly, but nevertheless, Apple and other large cap tech names helped propel the market averages...
Friends Stocks coasted to the finish line today, and 2019 was a great year for investors. In a week or so we’ll put out our piece looking back at 2019 and then looking ahead to 2020. In the meantime, everyone have a safe and happy New Year’s celebration, and we’ll...
Friends Stocks finally hit a little bit of a snag. With market participants just trying to get to the finish line, some unexpected sellers showed up to throw up a bit of a road block. For the first time in a while, a little selling wasn’t met with desperate buying....
Friends It’s going to be really interesting to see if this continues into the new year- likely it will not. What I am speaking of is the Groundhog Day type market action we have seen for a few weeks now. Stocks simply drift for the entire trading session, mainly in...
Friends What a difference a year makes. Last Christmas Eve I sat staring at my computer screen while stocks tumbled in historic fashion. That 20% drop we saw in the 4th quarter of 2018 left investors quite shaken and fearful of what was ahead in 2019. Well, as we know...
Friends Just as last week, we don’t expect anything earth shattering to happen during this holiday week of trading. Today’s action was similar to last week’s trading with stocks up slightly on very little volatility. Once again, it appears that there are simply a lack...
Friends Once again, stocks drifted higher and once again, it appeared that it was simply a matter of no sellers to be found. The final look at 3rd quarter GDP was unchanged and other than that, as we have mentioned, there really was not going to be anything that would...
Friends Stocks continued to grind higher today. With very little in the way of news (other than impeachment, which investors care little about), the path of least resistance continues to be to the upside. No, stocks aren’t cheap at these levels, but sellers are...
Friends Again, not surprisingly, it was another quiet day of trading as we steer this ship towards Christmas and the year end. Other than the impeachment proceedings going on in the House of Representatives (which the market seems to care little about) there really...
