Friends In early trading, market participants were bold in the face of tomorrows Brexit vote sending stocks nicely higher, but as the day wore on and polls showed the vote to be almost dead even, some doubt and fear crept into the equation and stocks tumbled into...

Friends At least Janet Yellen didn’t do any damage during her testimony before the Senate Banking Committee. It still appears that a dovish tone has been struck at the Fed and unless there is a miraculous improvement in economic data in the coming weeks and months,...

Friends The polls over the weekend began to give the impression that the Brexit vote might be leaning towards Great Britain not leaving the EU, and stocks around the globe liked that possibility. Here at home the Dow enjoyed quite a nice 200 plus point gain, but as...

Friends It didn’t take long (two days to be exact), but Fed governors are opening their mouths once again. Today is was St. Louis Fed Governor Bullard who proclaimed that he only sees one rate hike into 2018. That’s right, these folks who seemingly can’t predict...

Friends As expected, the Fed did not raise interest rates today. In fact, via the Fed statement and the subsequent press conference by Janet Yellen one would conclude that the path to higher interest rates has once again been altered. Lower for longer would seem to be...

Friends After sleeping on it, market participants seemed even more confused about the Fed statement and Janet Yellen’s performance at her press conference yesterday. It almost appeared to be a throw up your hands and surrender moment for the Fed as they continue to be...

Friends Stocks sold off for the fourth session in a row, but the bulls at least were able to lessen the damage in the last hour of trading and reduce the Dow losses from triple digits to double digits. Nevertheless, the bears seem to be in control as we enter Fed...

Friends Stocks suffered through another day of losses, with worries that Brexit, though still seemingly unlikely, might be gaining more traction, and of course there are still major concerns about global growth given that interest rates are zero or lower around the...

Friends The bears finally had a good day. With interest rates around the globe plummeting, Brexit on the horizon (and perhaps the demise of the EU all together), and soft domestic economic data (including continuous disappointments from retailers), stocks finally...

Friends The bears rolled out the big guns today-first a WSJ article on Papa Bear George Soros (85) and then Carl Icahn (80) was on CNBC this morning. Both predicting gloom and doom for stocks, which is fine (everyone is entitled to an opinion), and goodness knows...

Friends Stocks continue to slowly climb towards the old highs in a very quiet and deliberate manner. The bears seem flustered and frustrated as the mountain of reasons for stocks to go down doesn’t seem to be enough to stop the bulls’ climb. Today’s JOLTS number...

Friends Stocks added to yesterday’s gains but seemed to run out of gas as the afternoon wore on. Once again, we are getting back close to the highs in the S&P 500 and the Dow, but we’ve been here before and were unable to break through. The “sell in May and go away”...

Friends In the aftermath of last week’s dreadful employment report, market participants seemed to be resigned to the fact that the Fed has to back off their intent to raise rates in June or July. Stocks rallied in early trading, dipped a little when Janet Yellen began...

Friends There is really only one way to describe the jobs data that was released this morning- TERRIBLE. Instead of the 158,000 new jobs that were expected to have been created in May, there were only 38,000 new jobs created. Yikes. Not only that, but previous months...

Friends Well, it worked. We closed the office today in anticipation of additional flooding in The Woodlands area and sure enough the major rain mainly avoided us. Now, at least, we know how to stop the rain. As for the markets, it was a quiet day, though we did have a...