Friends This was not a good day for the bulls. After yesterday’s turnaround Tuesday recovery, today was supposed to be an “all clear” bullish move with Fed Chair Janet Yellen testifying before the House Financial Services Committee, and likely spinning a dovish yarn....

Friends Stocks once again were lower at the open after a difficult night in overseas markets. But being that this is turnaround Tuesday, those loses were quickly erased and stocks climbed to positive territory in late morning trading. After a second round of selling,...

Friends Another Monday, another difficult day for stocks (though, by the close it was a lot better than it was at midday). The bulls really never had a chance today as sellers were waiting at the starting gate to sell stocks, and after a triple digit Dow loss at the...

Friends Today was the day that “growth” stocks got taken to the woodshed. For some time now, energy, material, industrial and financial shares have all been under siege. Today, tech and internet/web based (high multiple) shares were given a beating. Led by a monstrous...

Friends Most days before I begin to write this email I have a pretty good feel for what happened during the trading session, and what drove the direction that stocks ended up going in. Today, was quite the opposite. Stocks gyrated all day from what looked like a good...

Friends Most days before I begin to write this email I have a pretty good feel for what happened during the trading session, and what drove the direction that stocks ended up going in. Today, was quite the opposite. Stocks gyrated all day from what looked like a good...

Friends After closing strong last week, and shaking off an early stumble on Monday morning, the bulls were just starting to emerge from the shadows and search for signs that the storm clouds might be clearing. Well, no. The bears were back in charge once again today...

Friends If you want to look for positive signs in what has been a negative beginning to the year, look no further than today’s stock market action. Instead of a failed rally, which seems to be a daily occurrence in 2016, today we saw stocks tumble to a triple digit...

Friends Yes, it was a very difficult month for stocks, but today’s rally takes away a little bit of the sting. First we had news out of Japan overnight that they are pivoting to a negative interest rate policy. Don’t be startled, interest rates are negative in other...

Friends The seesaw week continues. Down Monday, up Tuesday, down Wednesday, now up today. Good earnings reports from Under Armour and Facebook seemed to light the fire at the opening, and that combined with oil rallying for the second day in a row led to solid gains...

Friends The markets looked to the Fed today for guidance, but came away more confused than before. Some Fed watchers were concerned that the FOMC didn’t back off the “tough talk” and kept interest rate increases on the table for 2016. Other’s interpreted the FOMC...

Friends Oil and stocks went hand in hand once again today, but this time both moved to the upside as opposed to yesterday’s drubbing. As we have seen so far in 2016 the oil market and the stock market appear to be connected at the hip. After an awful session for...

Friends Traders seemed to not have much interest today as stocks spent the first half of the trading session drifting in modestly negative territory. But as the day wore on, and oil gave up some of last week’s dead cat bounce, stocks fell further into negative...

Friends As expected, because of the snow storm on the east coast, trading was light today and volatility was minimal. Once again we have somewhat of a mixed picture as the Dow seems to have a component or two that disappoints every day, dragging the average down,...

Friends For a second day in a row we got a rally in oil, and today’s was even better. There’s no certainty that if oil has bottomed then stocks have bottomed, but in recent trading, stocks have been moving lock step with oil. Now, of course, we have no idea if we have...