Friends  Another crazy day of trading as stocks continue to react to every report (true or not) about China and tariffs. After being down more than 300 Dow Points, stocks rallied on reports that China might be making some concessions and the tariffs which had been...

Friends  Well, it was another volatile day for stocks and early gains turned into sizable losses, only to see the losses erased and so on...  Continued weakness in shares of Apple illustrates how the market leaders have been taken to the woodshed over the last 6 or 7...

Friends  It was no surprise that we had another volatile/swinging day in stocks. Early in trading stocks were posting triple digit gains for the Dow only to see that evaporate and turn into triple digit loses. The bulls tried to rally the troops in the last half hour...

Friends  Well, all the good work the bulls did early last week has all but been erased over the last few trading sessions, with today's downturn being the most dramatic. You know the worries-rising interest rates, rising inflation, earnings and margins peaking,...

Friends  A much hotter than expected PPI inflation number helped set the tone for a downward tilt to stocks today. Add to that White House advisor Peter Navarro throwing cold water on hope of a trade deal with China and we had stocks as represented by the Dow down...

Friends  As expected, the Fed did not raise interest rates today, but short of a total unforeseen event, the FOMC is poised to raise rates in December. After that, they are signaling that we are likely to see 3 more hikes in 2019, and then an additional 3 hikes in...

Friends  It appears market participants are quite comfortable with gridlock. After yesterday's election results produced the most likely and anticipated outcome, traders were in a buying mood this morning. The buying urge grew during the President's press conference,...

Friends  It is really hard to read much into the market action over the past two trading sessions. There has been an upward bias to the proceedings, but with the election results looming, volume has been light and volatility has been limited. But, having said that,...

Friends  Despite weakness in big names like Apple, Amazon, Facebook, and Google, stocks were able to hold on to early gains throughout the trading session. It feels like market participants are a little tentative as we head into tomorrow's mid-term elections, but that...

Friends  Stocks gyrated in a nearly 500 point range for the Dow, as China trade headlines (deal or no deal), a strong jobs number and "disappointing" Apple earnings all weighed on market participants. First, let's talk about the fantastic jobs report. Payroll gains...

Friends  With a three day winning streak, the bulls are starting to feel a little better about things. Of course, Apple's earnings after the close might set the tone going into tomorrow's trading. In addition, we get the non-farm payroll number tomorrow with analysts...

Friends  Thanks for all who participated in our call today. I hope we were able to shed some light on the market action in October. Indeed, despite the last couple of sessions it was a difficult month for stocks. Does the positive action over the last two days mean...

Friends  How about that? A big up day for the bulls. Now the test will be can they post some gains tomorrow and put 2 up days together. We've talked about vicious rallies that accompany pullbacks/corrections/bear markets. What we need to see before getting excited, is...

Friends  We had 2 large investment banks dueling it out today with Goldman Sachs commenting that the October sell off has been overdone and that we should recover some of the losses by year end. Taking an opposite view was Morgan Stanley who suggests that the October...

Friends  Stocks once again were under heavy selling pressure this morning with the S&P 500 falling into correction territory (correction territory is defined by a 10% or more decline from the highs). Earnings disappointments from the likes of Amazon and Google...