Friends Market participants waited breathlessly for the Fed Minutes today (not really), as stocks just drifted aimlessly until the release. Not much changed after the release as stocks tilted quietly to the upside until the close of the session. Basically, the Fed...
Friends It was a difficult day for stocks as early morning weakness turned into a day-long affair. Though Boeing was under selling pressure once again, the decline was broad based as technology shares, industrial shares and even banks all showed signs of weakness. The...
Friends The Dow weighed down by the drop in price of shares of Boeing showed losses today, but the rest of the market had an upward tilt to it. Investors are aware that we are heading into difficult earnings season but for the moment don’t seem to upset about it. Last...
Friends The jobs number was a little better than expected with 196,000 new jobs created in March, but not so strong as to cause concern among market participants that the Fed might be tempted to rethink their dovish stance. The unemployment rate remained at 3.8%,...
Friends Stocks were mixed today with the Dow firmly to the upside buoyed by gains in shares of Dow components Boeing, Dow Chemical, and Disney. The rest of the market was mostly quiet with the S&P up slightly and the Nasdaq down a bit. On the economic front the...
Friends The “a china deal is close” rallies have become more and more anemic over the past several weeks. Nevertheless, stocks still appear to have an upward tilt to them. This morning’s ADP private payroll number came in lighter than expected with 129,000 new jobs...
Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was down 79 points to finish the day at 26,179. The S&P 500 was unchanged to close at 2,867. Gold was up $1.60 to trade at $1,295 per...
Friends It was quite a nice start to the second quarter for the bulls as stocks rallied at the open and added to those gains as the trading session wore on. The rally was broad based with financials and industrials joining the party along with technology shares....
Friends After a terrible 4th quarter of 2018 where we saw that worst December for stocks since the 1930’s, market participants were the recipient of a stellar 1st quarter of 2019. After the Dow had tumbled nearly 10 % just in December, highlighted by a 2.35% drop on...
Friends It was a somewhat quiet day with respect to volatility, but all in all it was a positive day for the bulls as we wind down to the end of the 3rd quarter. The final read on 4th quarter GDP was revised downward, and again feeds into the narrative that the...
Friends Well, that was an odd day for stocks. With bond yields plunging early, recession talk was on the lips of market participants, and stocks tumbled into negative territory with the Dow down more than 200 points. The bulls clawed their way back to positive...
Friends Stocks got off to a rip roaring start this morning with the Dow sporting a nifty 200 point gain shortly after the opening. But, as the morning wore on those gains eroded basically erasing the early morning advance. The bulls gathered themselves, however, and...
Friends It was big day for news headlines, but stocks remained mostly unaffected. After Friday's mess, it was interesting to see if stocks would follow through to the downside when trading started today. Also, it was interesting to see how the release of the Mueller...
Friends As soon as the yield curve inverted (3 month yields higher than 10 year yields) this morning, stocks took a tumble. One might even be led to believe that algorithms were in place to sell stocks instantly as soon as the yield curve inverted. Indeed, stocks...
Friends The bulls were disappointed in yesterday’s price action after the dovish FOMC statement, but were more than satisfied with today’s delayed reaction. Stocks gathered steam after a quick selloff at the open and tacked on some nice gains by the close. Nothing...
