Friends   Wednesday – “the Fed has signaled that they will begin to lower interest rates in September- full speed ahead.”   Thursday – “oh my God the Fed should have cut rates yesterday; the economy is collapsing”   The truth probably lies somewhere in between the...

Friends   As expected, the Fed did nothing with regards to interest rates (Fed Funds Rate) today, but it appears that if things remain on the path that they are on, we will get our first rate cut in September. Stocks had already been rallying in anticipation of the...

Friends   Stocks remain mixed as big tech names continue to struggle while long forgotten value stocks continue to show some life. We will get a look at Microsoft’s earnings after the close today and that is likely to set the tone going into tomorrow’s trading...

Friends   Stocks got off to a somewhat quiet start to what should be a busy week with regards to corporate earnings. Big names like Meta, Amazon, Apple and Microsoft all report this week and as we know the shares of these super star companies have seen a lot of...

Friends   What a crazy week this was. Today stocks moved back up again led by of all things an actual industrial name 3M. We have seen a little bit of everything with regards to earnings so far this quarter. The big tech names have faltered, but some of the left...

Friends   First let’s talk about this morning’s economic data. Our first look at 2nd quarter GDP gave us bit of a surprise as the economy grew at 2.8% vs. the forecast number of 2.1%. Also, personal consumption expenditures price index rose 2.6% for the quarter, down...

Friends,   Stocks had their worst day of the year after disappointing earnings from a couple of big tech growth giants, namely Google and Tesla. The market averages opened lower and only got worse throughout the trading session.   By the close, the Dow Jones...

Friends   Stocks began the week to the upside with Nasdaq and big tech names recovering some from their recent declines. In addition to all the political theater, we are right in the middle of earnings season. To that end we will hear from Alphabet (Google),...

Friends   A major IT outage triggered by cybersecurity giant CrowdStrike caused havoc with businesses all over the world today including airlines. That probably had nothing to do with stocks dropping today but it didn’t help.   By the close, the Dow Jones Industrial...

Friends   We finally had a day when all the market averages moved lower. We had already seen the Nasdaq run into trouble over the past week, but today after its parabolic move higher the Dow finally ran out of some steam. Small caps also pulled back after their own...

Friends   Stocks keep moving higher in parabolic fashion. I think even the bulls are surprised by the market’s strength. Most noteworthy is the rotation we have seen from growth to both value and small caps. All this as market participants become convinced that the...

Friends   Obviously, the attempted assassination of former President Trump was quite disturbing this weekend. I’ll just leave it at that. The markets on the other hand continue to push higher as investors are becoming more and more convinced that the Fed will be...

Friends   Stocks continue to push higher as market participants appear to have no fears at the moment. The belief that the Fed is poised to begin an easier monetary policy seems to have ignited the animal spirits. The narrative now is that we are finally seeing a...

Friends   For the first time in four years, we saw the monthly inflation rate fall as the Consumer Price Index was negative 0.1% in June. We have seen the rate of increase in prices falling for a while now, but this is the first time we actually saw prices come down....

Friends   I hope you have power and Wi-Fi and are able to read today’s email. If so, you will see that stocks had a very nice day with all the major averages moving higher. With the Fed signaling that rate cuts are likely to happen later this year, the bulls are...