Friends Stocks looked like they wanted to add to Friday’s gains before the open this morning, but yet another report out of China about some trepidation that the Chinese are having with regards to a trade deal, deflated the enthusiasm. Stocks mainly hung around the...
Friends Buoyed by positive comments about a trade deal with China (yes, I actually laugh a bit when I type it), stocks moved higher today in a somewhat quiet and deliberate manner. The trade deal with China headlines are almost a daily occurrence and thus the power of...
Friends Despite a plethora of comments from Fed officials this week, not to mention the beginning of impeachment hearings in the House, stocks have been very quiet all week long. Yes, there have been a few ebbs and flows, but in the end the dilemma that we spoke about...
Friends Simultaneously we had the first day of impeachment hearings and Fed Chair Powell testifying on Capitol Hill. Neither seemed to stimulate any trading direction on Wall Street. Stocks meandered along and were slightly positive before a Wall Street Journal report...
Friends It was another very quiet trading session with mixed results once again. The bond market was back open today, but that didn't seem to make much of a difference. The President gave a speech focused on economics, but that didn't seem to fire up any animal...
Friends Given that the bond market was closed on this Veteran’s Day, it was a very quiet day of trading for stocks as well. In general it was a trading session with a downward tilt, but an afternoon rally in the shares of Boeing helped keep the Dow near the breakeven...
Friends A headline that the signing of a China deal might be delayed until December sent stocks reeling during today’s trading session (ok, I’m just kidding). Actually, stocks basically did a whole lot of nothing today, and headlines about deals or no deals with China...
Friends Stocks were mixed in today’s trading. Perhaps market participants will begin to get a little bit reluctant to put new money to work at these levels. But, despite the seeming lack of buying interest today, there appears to be very little selling interest...
Friends Stocks continued to add to last week's gains with the market averages hitting new all-time highs. It was a quiet and calm advance with stocks mainly holding the gains achieved in the first hour of trading for the balance of the trading session. For the day,...
Friends The jobs report had a little something for everyone today. The non-farm payroll number was much better than expected (128,000 new jobs in October vs. 75,000 expected). In addition, the prior two month’s numbers both saw sizable adjustments with the August...
Friends Despite a stellar earnings report from Apple, soft economic data and a little “sell on the news” attitude helped send stocks lower today after yesterday’s Fed induced rally. Given the run up in the market averages we saw leading into the Fed decision, it’s not...
Friends Stocks took a little bit of breather today, and given the confusing China trade deal headlines and the anticipation/concern about the FOMC announcement tomorrow, it wasn’t really a surprise. On the earnings, both Merck and Pfizer impressed, while engine maker...
Friends As we prepare for a very busy week that will include a full calendar of corporate earnings, a Fed meeting which might result in a Fed Funds rate cut, and a full calendar of economic releases, stocks pushed to record all-time highs for the S&P 500 in...
Friends While individual stocks continue to be whipsawed by earnings releases, the market averages continue to climb towards new all-time highs. Even after the negative reaction to the shares of market giant Amazon after its earnings release, stocks stayed firm and...
Friends More earnings and more mixed reactions. Stocks spent parts of the trading session in both positive and negative territory, as shares of 3M weighed on the Dow while Microsoft’s shares gave the market average a boost. It has certainly, so far, been an earnings...
