A Short Story
Friends It’s time for a wellness check for everyone. With the S&P 500 down 10% from its high (or in correction territory) I want to take a moment to put things in perspective. As I mentioned earlier in the week, we know that to achieve long term investment...
Reversal Mainly Falls
Friends It’s a little odd to say that stocks had a kind of decent day when I tell you that the Dow ended down 478 points for the trading session. But things were better for the bulls by the close than they were midday when the Dow was down more than 700 points. The...
Stocks Experience Ugly Retreat
Friends Well, this is getting ugly now. The downturn in stocks accelerated today and the White House doesn’t appear to be willing to throw a lifeline to market participants. “Might be some short-term pain” seems to be the message and pain there is. Nasdaq for...
Stocks Reverse Early Losses To Post Modest Gains
Friends This morning’s non-farm payroll number came in at 151,000 new jobs having been created in February. The unemployment rate ticked up to 4.1%. For the most part the jobs data came in about as expected. Stocks tried to rally slightly at the open but quickly...
Back Down Again As Volatility Continues
Friends And back down again we go. The volatility continues and it was another very difficult day for stocks with the tech heavy Nasdaq leading the way lower, down more than 2.60% for the day. Whatever the outcome of all the tariff talk, market participants are...
Stocks Erase Early Losses To Post First Gain Of The Week
Friends Hop on the volatility train. Tariffs are on, tariffs are off. Stocks are down; stocks are up. This is the backdrop we will be dealing with for a while. Some feel the President uses tariff talk to supply pressure on our trading partners. Others believe that...
Stocks Fall Again On Continued Economic Concerns
Friends It was another very volatile day for stocks. By midday, the Dow was down 800 points only to cut those losses significantly by 2:00 this afternoon. But by the close stocks were tumbling once again. Nasdaq actually moved into positive territory this afternoon...
Here Come The Tariffs/Down Go The Stocks
Friends As the President prepares to levy tariffs on many of our trading partners, and the country’s economic picture continues to cloud, market participants are finding it difficult to hold stocks in this volatile environment. You can apply your own...
Stocks Close Higher In Crazy Volatile Session
Friends Well, that was an interesting day. This morning, we got a relatively benign inflation reading, the PCE (personal consumption expenditures price) index and stocks seemed to want to move higher especially after the selling pressure we have seen this week. But...
Big Tech Continues Big Down
Friends The big growth tech names continue to sell off dragging the market averages lower as uncertainty about the economy continues to infiltrate the narrative. We saw unemployment claims move higher this week and consumer confidence has begun to weaken. Nvidia’s...
Stocks Mixed Again
Friends Yes, we are all waiting for Nvidia’s earnings release tomorrow, but in the meantime the big-name growth stocks continue to see selling, which is taking a toll on the market averages, especially the Nasdaq. Also, in addition to the big Nvidia earnings...
Rotation?
Friends It was another mixed day for stocks where the big growth names of the last couple of years continued to see selling, while formerly left behind names finally received some sponsorship. Is this a true rotation from growth to value or is this just another head...
Stocks Fall Again
Friends The market averages, mainly the Dow Jones Industrial Average, began the day lower after a large drop in the shares of Dow component United Healthcare plummeted on news of a Justice Department investigation. Then word of a new corona virus out of China sent...
The Bears Appear
Friends Just when I thought the bears had given up for the time being, they made a surprise attack today. Walmart’s concerns over tariffs and hot stocks Palantir and Meta’s recent slides finally took its toll on the market averages today. We heard speeches from...
Stocks Continue To Push Quietly Higher
Friends It was another somewhat uneventful day of trading, though the bulls were able to post modest gains by the close. Typically, the second half of February is often difficult for stocks, but there really is no sign of conviction either way at the moment....
