Friends   The PPI number came in a little better than expected this morning confirming that as is the case at the retail level, inflation continues to moderate at the wholesale level. Jobless claims ticked higher also this week another confirmation that though the...

Friends   Stocks seemed to like the inflation numbers at first glance, then things went south for much of the trading session only to recover somewhat by the close. As mentioned, we got a look at the Consumer Price Index this morning and things came in about as...

Friends   Once again stocks were very quiet as investors wait for the inflation numbers tomorrow and Thursday. Also, the hand wringing over the debt ceiling and threatened default of U. S. Government debt continues to grab headlines. But for now, market...

Friends This week’s economic focus is on inflation and Wednesday’s CPI and Thursday’s PPI reports. After last week’s fireworks traders were somewhat subdued today as stocks drifted within a relatively narrow range. Negativity still persists, but the resiliency of...

Friends   The Fed raised interest rates one quarter of a point today as expected. The Fed Funds rate now sits at 5% to 5.25%. In the statement released this afternoon the Fed indicated that they were not anticipating further rate hikes but instead will determine...

Friends The combination of weak economic data, terrible price action in regional banks and the impending Fed rate hike tomorrow had stocks on the defensive from the opening bell. It’s as if the market was throwing a tantrum before the Fed even releases their statement...

Friends It was a very quiet day of trading as investors wait for this week’s Fed decision on interest rates. The FOMC meeting begins tomorrow and will wrap up on Wednesday with the Fed statement and subsequent press Fed Chair press conference. On the earnings front,...

Friends   It was a big week for earnings and for the most part Corporate America delivered results that were better than expected. Sure, some stocks went down after good/decent earnings and some even went up after bad earnings, but for the most part the bulls...

Friends   We still have to hear from Amazon today after the close and Apple next week, but earnings from big tech giants appear to be coming to the rescue of the bulls. After the close yesterday Meta (Facebook) joined Microsoft and Google earlier in the week, in...

Friends Despite some pretty good earnings reports from behemoths Microsoft and Google, stocks after trying to rally early, had another difficult session. First Republic Bank circling the drain is not helping any as news about the bank continues to weigh on market...

Friends   Despite various share price reactions to earnings released after the close yesterday and before the open this morning (some good, some bad), stocks in general were pretty quiet until word that troubled bank First Republic was exploring asset sales. Bond...

Friends   Stocks drifted aimlessly today, as traders are apparently waiting for what is going to be a huge week for corporate earnings. But while the markets meandered, it was the night of the long knives in media land. A network head steps down, while 2 major on...

Friends   A combination of weak economic news (elevated jobless claims, slumping leading indicators and reduced manufacturing activity) and less than stellar earnings reports (AT&T, Tesla, Seagate, American Express) sent stocks lower in today’s trading. The...

Friends   It was another very quiet day of trading despite the moves in some of the stocks that reported earnings. Netflix sold off on its earnings release while Travelers’ shares soared higher. Morgan Stanley’s earnings looked good but at first the stock sold...

Friends   There was a lot of volatility today but within a fairly tight trading range. Part of the confusion today was the different share price reactions to some of the morning’s earnings releases. Johnson & Johnson appeared to beat analysts estimates...