Friends In terms of share price, the Nvidia earnings release was a bit of a nothing burger. Sure, the company hit it out of the park as they have so often in recent years, but it appears all of that was priced into the shares at this moment in time. Nevertheless,...

Friends Buckle up for the big Nvidia earnings release. It will almost certainly be a market mover and will set the tone for the next couple of days of trading. Stocks moved higher today in anticipation of good vibes being spread through the market should Nvidia hit it...

Friends Despite the drama at the Fed, market participants still moved stocks higher during today’s trading session. The big market moving event this week will be the earnings release from Nvidia tomorrow after the close. As we mentioned, expectations are high, but...

Friends After what was likely a lot of short covering during Friday’s surge, stocks struggled a bit during today's trading session. All eyes will be on Nvidia’s earnings on Wednesday after the closing bell. In the meantime, investors continue to handicap the odds of a...

Friends   The markets were pleased with Jay Powell’s somewhat dovish comments this morning at Jackson Hole. The odds/hopes for a September rate cut moved much higher and market participants celebrated by buying stocks. The market averages did trade off their...

Friends That’s 5 days in row that the S&P 500 ended in negative territory. The scope of the damage is relatively small, but a losing streak is a losing streak (just ask the Astros). But as we have noted for days now it appears that market participants simply...

Friends Market participants continue to be cautious before Fed Chair Powell’s speech at Jackson Hole on Friday morning. During the pause we have seen a bit of a rotation into some of the more left behind names from some of the more volatile winners, but I wonder how...

Friends As leaders around the world meet at the White House, market participants will also be monitoring earnings releases from the some of the country’s largest retailers this week including Walmart, Target, TJX, Home Depot, and Lowes. It will be interesting to see...

Friends The market averages struggled a bit today as only the Dow was able to squeeze out a gain, buoyed by a rebound in the shares of United Healthcare. Given the strength of the recent rally in stocks, it’s not a surprise that we saw a bit of a pause in the action...

Friends We’ve pointed out that narratives change almost on a daily basis nowadays, and this morning’s PPI number threw a monkey wrench into the “the Fed is going to lower the Fed Funds rate by 50 basis points next month” narrative today. Indeed, inflation at the...

Friends The bulls are feeling pretty good about things right now. Stocks keep pushing higher and the narratives are becoming more and more supportive to higher stock prices. Inflation data as well as jobs data are supporting the belief that the Fed will lower the Fed...

Friends This morning’s CPI report came in a little better than expected with inflation at the consumer level printing 2.7% year over year vs. the 2.8% expected. Yes, inflation is still above the Fed’s desired level of 2% but it appears that the markets are firmly...

Friends It was a sloppy start to the trading week as market participants await the CPI report tomorrow and the PPI report on Thursday. It is important that inflation readings remain tame if the Fed is to have a green light to soften monetary policy in coming months....

Friends   It really was a roller coaster week, but in the end the bulls were firmly in control as the market averages challenged their all-time highs. The market’s resilience has been very impressive given the confusing data and headlines investors are dealing...

Friends   Early gains quickly disappeared as the narrative again focused on tariffs. Stumbles by Eli Lilly, Caterpillar and Salesforce also added to the pressure on the market averages, but basically the back and forth between up and down days continues.  ...