Friends Stocks were having a nice day to begin with, after yesterday’s sell off and the announcement of a good housing starts number early this morning, but when the President appeared midday to announce that the “gang of six” senators might have a budget deal, the...

Friends Well, stocks didn’t go up much today but at least they didn’t go down. Given the headlines around the world, the fact that markets remained calm is somewhat surprising. With coup attempts and social unrest domestically one might think that market participants...

Friends After a day of rest, the bulls were back at it today driving stock prices higher despite the fact that “experts” are scratching their heads wondering why. Whether the argument is that there is no other alternative, or that central banks are going to continue...

Friends We always like to wait until the jobs data on the first Friday of the month comes out before we write our quarterly outlook, and glad we did because today’s job data was a pleasant surprise (by the way you should receive the quarterly piece early next week)....

Friends Stocks experienced seesaw like action today as an early rally turned into a midday downturn, only to recover most of the losses by the close. The June ADP private payroll number came in better than expected which has market participants hopeful (I think) that...

Friends After yesterday’s pullback, it wasn’t surprising to see that stocks were going to continue to the downside at the opening today. But after a 127 point drop in the Dow, stocks began to recover. As the day wore on stocks continued to climb and by the close the...

Friends I hope everyone had a safe and wonderful 4th of July weekend. As we got back to work today, market participants seemed reluctant to add to last week’s rally, and who can blame them. With a huge jobs number coming this Friday and then a curious earnings season...

Friends I’ve had a lot to say this week, so today with the three day holiday weekend ahead, I’ll keep it short and sweet. The stock market took somewhat of a breather today after the hectic action we’ve seen over the past couple of weeks. No real surprise as traders...

Friends One week before Brexit, on Thursday June 16th the S&P 500 closed at 2077. Today, one week after the Brexit vote the S&P 500 closed at 2098. Now, if you happened to tune into business media stations (or even regular news stations and talk shows for that matter)...

Friends Turnaround Tuesday, oversold rally or a dead cat bounce, whatever you want to label today’s stock market snapback, it was not unexpected. What happens after a day like this, though, starts to give us an idea of what lies ahead. If there is follow through...

Friends Turnaround Tuesday, oversold rally or a dead cat bounce, whatever you want to label today’s stock market snapback, it was not unexpected. What happens after a day like this, though, starts to give us an idea of what lies ahead. If there is follow through...

Friends It appears, whether we like it or not, we are going to have to deal with Brexit for quite some time. There are so many unanswered questions about trade and currencies, and short and long term economic impact in Europe and the world. As we are aware, the...

Friends Well, we knew this wasn’t going to be a pretty day for stocks, and it wasn’t. After opening down about 500 points on the Dow, stocks settled in for much of the trading session, but added another leg down in the last hour of trading. As we mentioned this...

Friends Traders all week seem to be wanting to front run the Brexit vote, betting that a no exit vote will prevail. Today was another positive trading session for stocks with market averages moving quickly higher at the open of trading, and holding on to most of those...