Friends  This afternoon's tweet from Elon Musk that he had a deal in place for the purchase of Tesla (assumingly taking it private), sent market participants into a frenzy and pretty much occupied the business news media all afternoon. Stocks advanced early in the...

Friends  As we have referenced, we are, indeed, in the dog days of summer. Stocks did trade in positive territory for most of the trading session, but not in a very convincing manner. After the flood of corporate earnings reports and economic data that we have...

Friends  The non-farm payroll number came in a little shy of expectations, but the previous two months were both revised higher. The monthly and year over year average hourly wage number was as expected, again indicating the wages continue to increase, but at a rate...

Friends  It was as though Apple was facing off against the rest of the stock market today, and Apple won. After an early morning triple digit loss in the Dow, stocks led by Apple climbed all the way back into positive territory by the end of the trading session. It...

Friends  Despite blowout earnings from Apple, a hot ADP employment number and a constructive economic outlook from the Fed, stocks coughed up early gains and drifted without much direction into the close. The FOMC release, as expected did not include an increase in...

Friends  Word that trade talks with China could be progressing helped jump start a small rally in stocks on this last trading day of July. After an initial surge, the bulls must be disappointed in the late afternoon fade which gave back a good chunk of the gains. The...

Friends  The fallout from the disappointment of the FANG stocks from last week continued as trading unfolded today. After a feeble attempt to stage an early morning rally, Facebook, Amazon, Google and Netflix all headed south and continued to show signs of...

Friends  Stocks slumped despite the anticipated 4.1% GDP number that was released before the opening bell this morning. It might be a case of sell on the news, but it looks like it's more about the big momentum names. The big 4 (FANG) stocks are showing a little wear...

Friends  Despite the disastrous earnings release and subsequent bloodletting in the shares of Facebook, stocks actually held up pretty well today. The results were mixed, but disaster was averted. Besides the continuous and mostly fantastic stream of earnings reports,...

Friends  Stocks were biding time for most of the trading session, with a slight bias to the upside, when word came during the last hour of trading that the EU may have delivered some trade concessions to President Trump. Stocks rallied nicely on the news and finished...

Friends  It was another good day for stocks, but not all stocks participated in the advance. Yes, earnings numbers continue to impress as Google, Lockheed Martin, Verizon and others all exceeded expectations with their earnings releases, but the likes of Whirlpool and...

Friends  It was a  mixed and somewhat quiet day for stocks, as market participants gear up for a busy week (we get Google after the closing bell today) of earnings and a first look at 2nd quarter GDP.  For the day, the Dow Jones Industrial Average was down 13 points...

Friends  As we have seen this year, as Amazon, Google, Netflix and Facebook go (you can throw Apple in there too) the market averages go. Today, despite some strength in retail, mid and small caps, the averages were driven down by weakness in the big momentum names....

Friends  Stocks were able to post gains despite a miserable housing starts number and a massive fine levied by the EU against Google. Heck, stocks actually went up today without the help of Amazon. Regardless, earnings continue to come and the numbers continue to be...