Friends   This morning’s CPI data showed inflation year over year running at 8.3%. Ok, that’s better than last month’s 8.5% but not much. Stocks were looking to open higher before the open until this number hit. Throughout the trading session, as we have seen...

Friends   The bulls had turnaround Tuesday on their minds at the open today, but they really kind of got it wrong. Better would have been if stocks had fallen at the open only to be reversed later in the day and pushed higher at the close. Instead, stocks moved...

Friends   It was another case of basically sell everything today. Stocks were down, commodities were down (including oil and gold), crypto currencies were down. Only bonds rallied a little (yields down). Even this year’s winner the energy sector was down more...

Friends   It is somewhat breathtaking to watch the volatility in stocks right now. Yesterday’s collapse saw some follow through by the bears this morning as the Dow was down more than 400 points several times during the trading session. But, in the end stocks as...

Friends   Well, we thought it might be a good idea to curb our enthusiasm after the melt up rally we saw after yesterday’s Fed meeting. It appeared to be a situation where the bears were caught offsides in their positioning leading to a short covering rally, more...

Friends   It was an eventful “Fed” day for the markets. First, at the conclusion of the FOMC meeting the Fed announced that they would be raising interest rates by 50 basis points taking the Fed Funds rate to .75% -1.00%. Also announced was that the Fed would...

Friends The bulls continued to try to follow through on yesterday’s nice reversal during the trading session, but every advance was met with a wave of selling. In the end the bulls were able to grind out a win, but it took a lot of work. Whether we are trying to form...

Friends   It wasn’t much but the bulls finally had a little something to cheer about today. After a more than 500 point drop in the Dow, buyers showed up this afternoon (maybe covering shorts) to push stocks into positive territory near the close. After a...

Friends   That was an ugly month. There’s really no other way to describe it. Stocks were down. Bonds were down. Gold was down. Crypto was down. April was the worst month for Nasdaq since 2008 (you remember the financial crisis). Sentiment is atrocious, the...

Friends   It was a trading day that unfolded just as one would expect. We got a negative GDP print for the first quarter of 2022, so obviously stocks moved higher and gained strength throughout the trading session. Ok, I’m kidding (I think). Stocks did move...

Friends   The bulls gave it a shot today. Stocks moved higher this morning with the Dow sporting a nice 400 gain at one point, but as we have seen a lot lately, the last hour of trading was not good for the bulls. After the close yesterday we got earning from...

Friends   Yesterday’s relief rally didn’t carry over this morning which emboldened the bears. Worries that big tech earnings (Microsoft and Google after the close today, Apple and Amazon later in the week) could disappoint as did Netflix last week is sending...

Friends   Not surprisingly stocks continued their slide at the open today, but interestingly enough buyers finally appeared this afternoon to turn the tide. A more than 400-point Dow downturn was reversed and by the close the market averages were firmly in the...

  Friends   As stocks opened several hundred Dow points higher, I read online a pundit declare that it appears that investors have come to grips with the Fed policy and are now focused on corporate earnings. Well, that lasted about 10 minutes. By late...

Friends One day does not a market make, but today’s surge in stock prices was impressive given the move higher in bond yields. It’s early, but earnings seem to be fine so far, so that helps, but today’s bullish action might just be best contributed to the fact that...