Friends   After a nice move higher at the open fueled by earnings reports from the likes of Disney and Pepsi, stocks lost all of their gains and fell decisively into negative territory. Is this move that we have seen higher since the beginning of the year losing...

Friends The bulls were not able to follow through on yesterday’s gains as stocks spent most of the trading session in negative territory. With no real catalyst, there just didn’t seem that market participants had much interest in today’s proceedings. Maybe a little...

Friends   A heavily anticipated and much watched interview with Fed Chair Jerome Powell seemed to deliver what the bulls were looking for. Basically, the Fed Chair, despite last Friday’s explosive jobs number, stayed the course hinting that we’ll likely only see...

Friends   It looked like stocks really wanted to go lower today, but the dip buyers continue to stave off bigger declines these days. As mentioned last week we will begin to hear from Fed officials this week and some investors are concerned about the...

Friends   Last year the Nasdaq 100 was down about 33%. This year so far, the Nasdaq 100 is up about 17%. Let that sink in for a moment.  Meta (Facebook) was the leader today after a surprisingly good earnings report and an encouraging outlook which finally...

Friends      As expected the Federal Reserve raised the Fed Funds rate a quarter of a point today. That brings the range of Fed Funds to 4.50% to 4.75%. Interestingly in the press conference after the release the Fed Chair struck a somewhat dovish pose indicating that...

Friends   Though earnings are not beating estimates (they are off about 2%-3%), corporate revenues are slightly ahead of analysts’ estimates as we near the halfway point of this earnings season. So far, it appears that stocks were priced for something worse....

Friends   Stocks got off to a rocky start this morning with the Dow down over 300 points in early trading. But buyers stepped in and pushed the market averages higher, with the aforementioned Dow actually moving into positive territory by more than 100 points....

Friends   The bulls made an appearance at today’s trading session after a surprisingly good earnings release from Netflix yesterday after the close. The tug-of-war over the next couple of weeks will be between corporate earnings and Fed Speak. Stay tuned.  ...

Friends   The bears have made their presence known so far this week. After a good start to the year for the bulls, reality that the economy is slowing, and the Fed doesn’t seem to care has begun to set in. Today’s PPI and Retail Sales numbers showed again that...

Friends Stocks were lower today but most of the damage was done in the Dow Jones Industrial Average. Huge declines in Goldman Sachs and Travelers dragged the Dow lower while the other market averages fared better. Goldman’s earnings miss was curious given that Morgan...

Friends   We had earnings releases from money center banks this morning including JP Morgan, Bank of America, Citi, and Wells Fargo and all were acceptable. Shares of the banks had moved higher into the print but after an initial selloff at the open, the shares all...

  Friends   By almost every data point the CPI report came in as expected. Year over year inflation has come down from a high reading of 9.1% to today’s number of 6.5% (again that number was in line with expectations). Inflation is definitely moderating but is it...

Friends   Don’t look now but we have a little rally going. Stocks have for the most part moved higher since the beginning of the year, but the first real test will come tomorrow morning with the release of the much-anticipated CPI report. It is assumed that inflation...