Friends   Market participants are focused on this week’s inflation reports. We get the Producer Price Index on Wednesday which measures price at the wholesale level, and then we get the Consumer Price Index on Thursday which measures prices on the retail level. The...

Friends The hopes and dreams of the bulls were dashed once again (so typical of a bear market), as todays employment numbers were too good. That’s right, good news is bad news. The Fed is not going to be backing off their fight against inflation any time soon. Those...

Friends   It appears that the bloom is already off the rose of Monday and Tuesday’s stock market rally. Maybe the bulls will surprise us tomorrow after the release of the non-farm payroll number, but it would be kind of important that they at least hold on to...

Friends Even though stocks finished lower for the trading session, it was a pretty good day for the bulls. No, nothing like Monday or Tuesday when stocks rocketed higher. But stocks plunged at the open only to reverse and move into positive territory before giving...

Friends Well, where did this come from? The bulls crossed the 3rd quarter finish line with their tails between their legs, sentiment was atrocious and support levels had been violated. But a little bad news is good news type of action, and we see two of the best...

Friends The 3rd quarter ended in such an awful fashion, it was refreshing to see stocks go up on this first day of the 4th quarter, even if it’s only for a day. Traders may be thinking that financial disruptions around the globe might begin to get central banks to...

Friends   We mentioned that a counter trend rally might be in store for stocks and the Bank of England of all people/things, helped spark today’s much needed relief. That’s right the Bank of England said it would buy bonds to stabilize its financial markets....

Friends It was another disappointing day for the bulls as an early morning rally fizzled and stocks drifted in negative territory throughout the afternoon. The way trading days end are so indicative of the type of market that you are in. Up openings that lead to...

Friends   It was more of the same today. Stocks tried to rally a couple of times and failed while a Fed official reiterated that the Fed is totally committed to squashing inflation. In every TV appearance or interview Fed officials continue to play the tough talk...

Friends For many investors this is their first bear market experience. It is very painful and stressful. As I mentioned a few months ago this is my 9th bear market, at least by the definition of the S&P 500 going down 20% or more. When you’re in the middle of a...

Friends   Stocks meandered between positive and negative territory throughout the trading session after yesterday’s late afternoon downdraft. In late trading the Dow was able to work itself into positive territory, but that didn’t last and the other market...

Friends   The Federal Reserve did indeed raise the Fed Funds rate 75 basis points today and made it clear that they see another 100-125 basis points of hiking before year end. This hawkish version of the Fed is remaining even more hawkish than many market pundits...

Friends It was a pretty ugly day for stocks as market participants brace themselves for the Fed release tomorrow afternoon. Stocks did finish off the lows of the day, but there wasn’t enough energy to make any real push higher. Of course, we are all waiting for the...

Friends   Stocks were just drifting along, minding their own business, when late in the trading day sellers appeared and pushed the market averages lower. We are kind of in limbo at the moment as traders wait for next week’s FOMC meeting. Surely the Fed will raise the...

Friends   We mentioned yesterday that despite the downturn in energy prices and other commodities recently, it was very possible that much of that was not going to show up in the CPI data for August. We also mentioned that other data points carry more weight such...