Roller Coaster Week Ends On A Sour Note
Friends Despite a relatively good non-farm payroll number (252,000 new jobs created and a 5.6% unemployment rate), stocks spent the trading session in negative territory, as events in Paris seemed to weigh on the market psyche. The negative component of the...
Stocks Surge
Friends The bulls, emboldened by a Fed Governor's dovish statements last evening, resurrected the "don't fight the Fed" bandwagon and stocks soared to the upside right from the beginning of the trading session. No, oil didn't really participate in today's assets...
Stocks Stage A Rally
Friends Despite the horrific terrorist attack in Paris overnight, stocks rallied from the opening of trading today and were able to hold the gains for the entire session. The ADP private sector payroll number was a little better than expected, which fueled hopes for...
Stocks Continue To Struggle
Friends Another wild day of trading, as stocks went from up 100 Dow points in early trading to down over 230 Dow points by early afternoon. In the last hour of trading stocks did try to make it back to the break even mark only to fall back in the final minutes to a...
Rough Start To The Year
Friends As oil cascaded below $50 per barrel WTI and European stocks tumbled, U. S. stocks came under intense selling pressure as the first week of 2015 trading began. As one would expect with oil falling, energy names led the carnage to the downside. As we have...
Volatile First Day Of Trading
Friends I know, we're all confused, but this was the first day of trading for 2015, although I don't know how many traders were around to trade it. Stocks started off rallying well over 100 Dow points in early trading, but after some less than stellar economic news,...
Inequality, Politics And The Fed
Friends Stocks rallied today despite a disappointing earnings report from Apple and a weak Durable Goods number. Today marks the beginning of the last FOMC meeting that Dr. Bernanke will chair as he turns over the reins to Janet Yellen. We’ll find out tomorrow...
Fifth Annual Holiday Shopping Spree
For our fifth year in a row CHJ had some fun shopping for our annual toy and food drive. Again, we were able to donate many toys and much needed food items to Interfaith of the Woodlands. All at CHJ enjoyed bringing some “Holiday Happiness” to our community.
BOJ Stirs Rally
Friends The markets do love central bank intervention don’t they? Just when Janet Yellen and the Fed are wrapping up QE here at home, the Bank of Japan has decided to take it up a notch. The result- a falling Yen, a surging dollar, collapsing gold (in dollar terms),...
Quiet Start To A Busy Week
Friends Today’s quiet, uneventful trading session, seemed like a bit of the quiet before the storm. On the agenda for the week is a slew of earnings reports, and of course, the FOMC meeting, which begins tomorrow. Stocks were quiet most of the session, quietly...
A Week Of Recovery
Friends After all the hand wringing about the Ebola case in New York City, and the subsequent drop in overnight trading of the S&P futures, stocks staged an impressive rally in today’s trading. It seems market participants had several hours to calm down before...
Stocks Rally On Good Earnings
Friends Buoyed by some better than expected earnings reports from the likes of 3M and Caterpillar, stocks rallied once again in early morning trading and tacked on more gains as the afternoon wore on. Just about an hour before the end of trading, another Ebola story...
Recent Rally Stalled
Friends Stocks looked like they might enjoy another day of gains as trading began this morning, but by midday the shooting in Canada seemed to have the markets on edge and stocks gave back some of the gains of the previous 3 sessions. Despite the 3 day rally, stocks...
Holy Cow
Friends As the late Harry Caray used to say “Holy Cow”. It was just last Thursday, at the opening of trading, when it looked like the downturn that we were experiencing was only going to get worse. A few trading days later, and the bulls are starting to feel pretty...
A Good Start To The Week
Friends Despite a disastrous earnings report from IBM, which weighed heavily on the Dow, stocks actually had a pretty good day today. Maybe it’s because the deleveraging of hedge funds is coming to an end (thanks to the margin clerks), or the hope of more help from...