Friends   As expected, the Federal Reserve raised the Fed Funds rate 75 basis points at the conclusion of today’s FOMC meeting. The rate now sits at 3.75% to 4%. Market participants knew that a 75-basis point hike was coming, but what they were listening for in...

Friends Stocks had a good start to the trading session but quickly retreated into negative territory (the Dow swinging from up 250 points to down 250 points) before finishing slightly lower for the day. A bigger than expected job openings number (JOLTs) and a not...

Friends   After a somewhat historic month for stocks, the market averages seem to simply run out of gas on this the last trading day of the month. Suffice it to say that October was still a great month for stocks in general and now we turn our attention to tomorrow’s...

Friends   How about that old stodgy Dow Jones Industrial Average? With one trading day left in the month, the Dow is on pace to have its best month since 1976! That’s a long time. Yes, we saw disappointing earnings from Amazon last night, but Apple’s earnings were...

Friends   With Google, Microsoft, and Meta (Facebook) all floundering this week and taking the wind out of the sails of the Nasdaq, it has been the stodgy old Dow Jones Industrial Average that has continued to push higher. Today buoyed by McDonalds, Caterpillar and...

Friends   Stocks were able to add to last week’s gains during today’s trading session as investors brace for a big week of corporate earnings. We mentioned some of the names that will be reporting this week, but just a reminder that behemoths Google, Microsoft,...

Friends   Stocks were able to add to last week’s gains during today’s trading session as investors brace for a big week of corporate earnings. We mentioned some of the names that will be reporting this week, but just a reminder that behemoths Google, Microsoft,...

Friends   Investors continue to look for signs that the Fed is closer to the end of their rate hike cycle than not, and today the word was that the Fed would like to consider slowing the pace after the coming November hike. The problem the Fed has is that when...

Friends   A weak 20-year Treasury auction and the fact that interest rates in general continue to push higher (not to mention hawkish comments by a Fed governor) put a damper on the stock rally we had seen so far this week. Earnings continue to come in better...

Friends   Stocks added on to yesterday's gains and even though it was a struggle, after several attempts the bears were unable to wash away the bulk of those gains. It is very early, but the few companies that have reported earnings have at least been able to...

Friends   Last week’s wild trading swings continued today with stocks moving smartly to the upside. Nasdaq led the way as the biggest percentage winner, but this morning’s Bank of America earnings release helped the bank be one of the day’s biggest winners....

Friends It’s already been a wild day for stocks. I am going to be seeing a client this afternoon, but I wanted to touch base about the CPI number this morning. The month over month increase in prices at the retail level were hotter than expected and the year over year...

Friends   Today’s Producer Price Index remained stubbornly high coming in a little hotter than expected, which somewhat dims the hopes that tomorrow’s CPI report is going to be any better. Stocks at least were able to avoid any major selloff and remained mostly...