Friends  Stocks enjoyed another nice advance today, buoyed by good corporate earnings and the absence of distracting headlines. We are believers that this is going to be a good earnings season, and though it is very early (the bulk of the S&P's earnings will be...

  Friends  In my best Johnnie Cochran imitation - "after the missiles fly, you must buy". The missiles did fly on Friday evening, as the President approved a targeted Syrian bombing mission, but by the opening this morning market participants had earnings season on...

Friends  The markets remained jittery today as traders continue to wait to see if the United States is going to take action against Syria. Stocks spent most of the trading session in negative territory, though the bulls made a couple of half -hearted efforts to rally...

Friends  In today's trading, stocks recovered the gains that they gave up late yesterday when news hit of the raid of the personal attorney of President Trump. We've seen this pattern play out often over the past weeks as stocks react immediately to news headlines,...

Friends  Stocks got off to a good start for the week, but not as good as it might have been. By mid-morning, the Dow was sporting a flashy 400 point gain, but as the afternoon wore on stocks gave up more and more of those gains. The cause of the early rally seemed to...

Friends  What a week! Every time the President talked tough on tariffs, stocks tumbled. Then administration officials would walk it back and stocks rallied. We seemed to do this every day until today. Today, after more tough talk overnight by the President, even...

Friends  Stocks were able to add to yesterday's gains as the impressive recovery from both yesterday's and Monday's lows has been stunning. In total, stocks rose 1000 Dow points from Wednesday morning's lows to today's highs. Economic news has been good this week and...

Friends  After China's announced retaliation to the White House's most recent tariff declaration overnight, stocks were ready to sell off and they did to the tune of a 500 point drop in the Dow. But as the day wore on, calming comments from various sources seemed to...

Friends  Did we test and hold again? Well, perhaps. Yesterday, individual stocks and market averages spent the day probing and testing the 200 day moving average. Today's action could be interpreted as having seen a successful test of major support levels, but one...

Friends  Well, that was ugly. Stocks did not get off to a very good start for the month of April and the 2nd quarter. After being down more than 700 Dow points, stocks did recover some, but still more than gave back all of last Thursday's gains and then some....

Friends  It was more of a mixed day today for stocks, with the Nasdaq led by tech still weak, while consumer staples helped keep the Dow and the S&P more neutral. I guess you could identify today's action as rotation, but the movement into staples seemed more like...

Friends  It was just another stunning day of volatility as the Dow had a more than 600 point trading range. At midday stocks had a nice leg up, only to reverse and collapse as the afternoon wore on. The causes of today's action. Well, tech was the most damaged sector...

Friends Tariffs? What tariffs? After Treasury Secretary Mnuchin among others attempted to clarify the Administration's trade policies over the weekend, the bulls were back ready to buy from the opening bell this morning. With the S&P having its 3rd successive day...

  Friends  The President was the market's best friend for a while, but has quickly become the market's worst enemy. As tariffs are signed into existence the fear that retaliation will follow  appears to be quickly becoming reality. The Chinese are rattling their...