Friends   What a sleepy day in the markets. The FOMC meeting begins tomorrow, and it appears market participants are waiting for the outcome before making any new moves. Remember, the consensus is that the Fed will pause at this meeting and not raise rates at this...

  Friends   An auto workers strike and a new narrative around the thought the market is prematurely pricing in rate cuts (we talked about this at our lunch on Wednesday-they probably are) sent stocks lower today as market participants prepare for next week’s FOMC...

Friends   I’ll admit it. I am a little surprised at the strength in equities today and this week for that matter. The inflation picture is surely better than a year ago, but recent data indicates, to me at least, that the Fed might still have some work to do. Just...

Friends   Stocks basically gave back what they gained on Monday as market participants continue to attempt to decipher what is next for the economy, the Fed and interest rates. We get the all-important CPI number tomorrow morning and that will likely give traders...

Friends   Stocks basically gave back what they gained on Monday as market participants continue to attempt to decipher what is next for the economy, the Fed and interest rates. We get the all-important CPI number tomorrow morning and that will likely give traders...

Friends   We were right. It was a very quiet week with regards to stock action. Yes, we had a minor storm cloud that appeared over market leader, Apple, but for the most part there was little news and little action. Given that we are in September, a month that has...

Friends   Another trading session with Apple leading tech names lower didn’t end up doing too much damage to the market overall, but still provided the bears with confidence that they have wounded a major general and hold the high ground for the moment. It is...

Friends   When the most heavily weighted stock in the market indices sells off it is not a surprise that it pulls the rest of the market down with it. That is what we saw with Apple today. The shares of the consumer tech giant fell more than 4% at one point in today's...

Friends   It appeared that the bulls had yet to return from their holiday weekend given today’s lack of buying interest by market participants. Nasdaq tried to squeeze out a small gain but ultimately failed, while the other market averages faltered for most of the...

Friends   The unemployment data delivered another goldilocks type scenario for the Fed. Yes, the labor market is softening a bit, but participation continues to climb – which is good. Non-farm payrolls came in at 187,000 vs. the 170,000 expected by analysts. The...

Friends   Stocks kind of limped to the month end finish line as today’s inflation data came in about as expected. The challenge for the Fed may be getting inflation from the 3s to the 2s in the coming months. That may keep rates higher for longer which the Fed has...

Friends   Softer economic data and slightly lower interest rates seems to be fueling this end of the month rally we have seen over the past week. The bears had things going their way for a few weeks, but the bulls have grabbed the stage once again and some of the big...

Friends   The bulls are trying to erase the memories of what up until recently was a difficult August for stocks. Share prices moved higher today led by tech giants and the Nasdaq. Softer job opening and confidence data provided the backdrop for a move lower in...

Friends Talk about “sell the news”. Despite another blow out quarter by this year’s starlet NVIDIA, stocks gave up early gains and retreated as they have done so often this month. Now, tomorrow morning’s comments from Fed Chair Powell will be the focus of market...

Friends   August continues to be a difficult month for stocks. We’ve seen a few good days sprinkled in here and there, but for the most part we have seen downward pressure on stocks for weeks now. Market participants are preparing for NVIDIA’s earnings release after...