Friends   It really wasn’t a very good week for stocks. Now, that is somewhat understandable. First of all, seasonally this is often a difficult time for stocks, but add in stress about Covid-19 and the Delta variant, coming tax hikes, inflation, stretched...

Friends   Stocks continue to slide gently lower, but there really hasn’t been that much damage done to the market averages just yet. Of course, as we continue to point out time and time again, many stocks have sizable pullbacks while others continue to churn...

Friends   Stocks were a bit soft once again today as market participants seem concerned about the Delta Variant, Congress’ spending and taxing negotiations and seasonal weakness in general. It’s always interesting to see how yesterday’s winners are today’s...

Friends   Stocks had a difficult start to the week except for some of the big name growth/tech companies. While Apple was making new highs and Google, Amazon and Facebook were also posting gains, industrials, materials and consumer staples all saw selling...

Friends   Today’s jobs number came up just a little shy of expectations. Actually it came up about a half a million jobs shy of expectations. Analysts immediately blamed the Delta variant for the huge miss, and I’m sure that is a factor, but perhaps the great...

Friends   It was another sloppy day of trading with very little direction, yet there are some sectors that are working well at the moment (big tech for instance) and there are some sectors not doing so well (see the cyclicals). As we have mentioned, we have seen...

Friends   It was a quiet end to a pretty good month. Remember, August is often believed to be a difficult month for stocks, but as we have seen for most of the year, the bulls continue to hold the upper hand. We have a lot ahead of us in the coming months,...

Friends   It was a somewhat of a mixed day of trading for the market averages. While big tech names enjoyed a nice move higher helping both the Nasdaq and the S&P, many of the Dow names lingered lower throughout the trading session. On the economic front...

Friends   Stocks reacted very favorably, in today’s trading session, to Fed Chair Powell’s comments this morning about jobs, inflation and just when the Fed might start to taper its asset purchases. The Fed Chair acknowledged that inflation has reached a level...

Friends   The unfortunate and tragic events in Afghanistan dominated the news cycle today and certainly affected the psyche of the markets in today’s trading. All eyes were and likely still are on tomorrow’s speech at Jackson Hole (virtually at least) by Fed...

Friends       Stocks continued their push modestly higher in today’s trading session. Interestingly, bond yields have also ticked up a bit over the last couple of trading sessions. Sometimes rising rates can be viewed as a threat to stocks, but market...

Friends   Stocks modestly added to yesterday's gains as trading was somewhat quiet on this second trading session of the week. One big earnings win was delivered by Best Buy. The electronics big box store had a great quarter which sent its stock soaring. But, for...

Friends   After a difficult week for stocks the bulls were ready to place their buy orders from the opening bell this morning- adding to Friday’s recovery gains. Yes, we did see the FDA officially approve the Pfizer Covid-19 vaccine, but today’s move seemed more...

Friends   The growth story came under some serious scrutiny today. We suspected after recent consumer confidence numbers that the retail sales numbers were going to slump a bit and today’s release indicated that is exactly what has happened. We also suspected...

Friends   Stocks got off to a rocky start this morning seemingly reacting to a weekend of negative news including the mess in Afghanistan and the Delta variant surging. But as the trading session wore on the buyers appeared to push some of the market averages...