Friends Stocks fell for the fifth straight session, and the fourth in a row to begin the month of December. Domestic economic data got the ball rolling this morning with a better than expected 3rd quarter GDP revision. The number came in at 3.6% annualized compared to...

Friends Though stocks rallied from a triple digit Dow loss earlier in the session, stocks still finished in negative territory for the 4th day in a row. On the economic front, the ADP private payroll growth of 215,000 new jobs was better than expected, and although...

Friends Counting Friday’s half day of trading, we now have a three day downward move in stocks for the first time in a while. Buyers seemed uninterested once again today, as stocks opened down and stayed in the red for the entire session. I would not read too much...

Friends Well, yes Virginia, stocks can actually go down. After what seemingly has been an uninterrupted advance, stocks suffered losses today, on this first day of December trading, despite (or because of) good economic data. The ISM Manufacturing Index was quite a...

Friends As expected, trading was painfully light today, and the markets had very little movement during the session. Stocks did end on a positive note, but there was not much to get excited about. Perhaps caused by the government shutdown, the Durable Goods Orders...

Friends On the economic front we received some positive housing data as the Case-Shiller HPI showed accelerating home prices and the housing starts data was better than expected also. The negative data point today was the Consumer Confidence Number which was a lower...

Friends Well, if today is any indication, we are in for a very quiet holiday week. Stocks drifted within a very narrow trading range for the entire session as traders seem uninterested in taking any big positions or making any major changes at the beginning of the...

Friends   As the weather turns a bit nippy, stocks continued their year-end charge, as after drifting for most of the day, the major averages climbed to year highs by the close of the trading session. The bears continue to run for the hills despite the feelings...

Friends As we suspected, the foolish hand wringing over stale Fed minutes did not last very long. The bulls captured the high ground once again today sending shares higher from the opening bell. On the economic front the weekly jobless claims number was slightly...

Friends Despite all the economic data released this morning, including a benign CPI number, a better than expected retail sales number and an as expected existing home sales number, stocks drifted aimlessly until the release of the Fed minutes at 1:00 PM our time....

Friends It was a very quiet day of trading, as market participants appear to be trying to decide whether stocks are going to rally into year end, or is the end of the “bubble” that many experts are calling it, upon us. No doubt it has been quite a year for the bulls,...

Friends Plenty of theatre today, as we got to watch the “dynamic” Janet Yellen do her job interview for the Senate Banking Committee, and then watch President Obama get shelled at his press conference on Obamacare. First Ms. Yellen made it perfectly clear that she...

Friends With both the bond market and the banks closed on this Veteran’s Day, stocks were very quiet, and difficult to take any cues from. Because of the holiday we won’t spend much time on lack of activity. For the day, The Dow Jones Industrial Average was up 21...

Friends A week that started off very quiet ended up with a lot of action as in the last two days ,on the domestic economic front, we received better than expected data including GDP and the jobs numbers. We are encouraged to see interest rates rising today for what...