Stocks Rally Despite Netflix
Friends Stocks were drifting in negative territory this morning, but as the trading session wore on, the momentum stocks shrugged off Netflix's lousy earnings report and found some nice buying support. On the earnings front Johnson & Johnson delivered a sterling...
Quiet Start To A Busy Week
Friends With Bank of America's earnings beat this morning, added to reports from JP Morgan and Citi last Friday, the bank stocks finally had a nice day sporting some very nice gains. The market in general on the other hand was mainly flat as traders were glued to the...
Stocks Finish Off A Nice Week
Friends Stocks traded higher at the open of trading this morning and basically did nothing the rest of the day. JP Morgan Chase announced good earnings early before trading began, but it didn't seem to help the beleaguered financial sector. Once again it was Amazon,...
Stocks Bounce Back
Friends Stocks bounced right back after yesterday's trade war fears, and buoyed by a more favorable NATO outcome than feared yesterday, the market averages enjoyed nice gains. The big leaders were once again Amazon, Google, Facebook and Apple, but that's been the...
Stocks Stumble On Tariff Announcement
Friends Stock futures sold off overnight after the announcement that the U.S. has readied $200 billion worth of tariffs for Chinese goods that would begin later in the year. As markets opened down this morning, market participants were also greeted with footage of...
2018 3rd Quarter Outlook
As we look into the 2nd half of 2018 we find ourselves at about the same spot that we began our 365-day journey. The S&P 500 finished the first half of the year with a slight gain, while the Dow Jones Industrial Average finished with a slight loss. There was...
Delayed Rally
Friends After stocks gave up some of their gains on Friday, even after a stellar jobs report, it appeared that market participants were wary about the tariff and trade war situations. So much for trade war worries. Stocks spiked in early trading and added to their...
Jobs Report and Trade Wars
Friends There were 213,000 new jobs created in June, which was a bit higher than expected. The unemployment rate ticked back up to 4%, but that can be attributed to more folks coming in off the sidelines to actively seek a job. So, job creation continues to be...
Stocks Rally Before Jobs Number and Tariffs
Friends Hopes that there will be a softening before tomorrow's trade war deadline with China helped propel stocks to nice gains. A nice ISM non-manufacturing number didn't hurt either. The ADP private payroll number was fine, but a little shy of expectations. All in...
Happy 4th of July Everyone
Friends Stocks rallied at the open of this shortened trading session, but reversed course and fell into negative territory by the closing bell. As expected trading was very light. By the close, the Dow Jones Industrial Average was down 132 points to finish the day...
A Nice Reversal
Friends Stocks slumped in early trading as market participants still seem nervous about the possibilities of full blown trade wars. But as the trading session wore on, buyers appeared with Nasdaq recovering first then followed by the S&P and the Dow all working...
Stocks Limp Into Close
Friends Stocks posted gains on this last trading day of June, but those gains were much larger midday (the Dow sporting a nearly 300 point gain at one point). The last 2 hours of trading saw most of those gain evaporate. Today was a good example of how difficult the...
Relief Rally
Friends The bulls did some buying in the sectors that have seen recent weakness today, snapping up shares of industrials, financials and even some staples. It wasn't a rally that one would want to brag about, but at least the bulls were able to put one in the win...
Ugly Reversal Day
Friends Stocks had a ugly reversal today as a nice rally based on perceived lessening of trade war tensions turned into a bit of a mess. Energy shares buoyed by higher oil prices remained up for the session, but technology, financials, industrials and materials all...
Small Rally
Friends The bulls tried to rally the troops today, and indeed, stocks were higher, but by close most of the gains had bed been erased and market participants seemed uninterested. Trade war concerns continue to dampen enthusiasm which is a shame because earnings have...
