Friends   The markets traded today like a typical Friday in the middle of August. There wasn’t much movement in either direction as the bulls seemed content to sit with record gains, while the bears are still looking for an opening.   For the day, the Dow...

Friends   After yesterday's CPI number came in as expected, today’s PPI number was a bit hotter than expected. Suffice to say, and we all already know this, we are seeing inflation numbers that we haven’t seen for years. Now, the Fed has indicated that they...

Friends   The Senate did pass the infrastructure bill today, so now it will head over to the House for a vote at some point. In the meantime, today’s market action was reflecting a belief that the bill will pass with rates moving up slightly and value stocks...

Friends   For the second day in a row, the Dow Jones Industrial Average was the big winner with the likes of Goldman Sachs, J P Morgan Chase, Boeing, Caterpillar, Honeywell, 3M, Dow, Walgreens and Home Depot leading the way. Like yesterday, financials,...

Friends   Today’s job openings number (JOLTS) set another record with more than 10 million job openings at the moment in the United States. What is even more fascinating is the number of folks quitting their current jobs. 3.9 million people quit their jobs in...

Friends   This morning’s jobs report came in better than expected with 943,000 new jobs created in July. The unemployment rate dropped down to 5.4%. The bond market sold off on the news (rates up) and stocks were mixed with banks moving higher on the interest...

Friends We have had a somewhat up and down week with the market averages moving higher today after yesterday’s weakness. Stocks seem to settle down when rates stop going down and move back up a bit as we saw today. Yes, we know that low interest rates have been good...

Friends   A disappointing ADP private payroll number and a less than expected forward guidance from GM (it was still pretty good though) after it’s earnings report, sent stocks lower at the opening bell. Sure, you can add Covid-19 Delta variant concerns into the mix,...

Friends   Despite worries about the raging Delta variant and the damage that it could inflict on the economy (not to mention human beings), stocks shook off some early morning weakness to post some nice gains by the close. There are a lot of conflicting...

Friends   Stocks got out of the starting gate pretty well on this first trading day of August, but as bond yields fell so did the market averages. The fear that the economic boom may be less booming sooner than later seems to have become the new worry. With bond...

Friends   We had more great earnings reports and continued mixed reactions to them yesterday after the close and into today’s trading, but the overall market had an upward bias to it despite a disappointing GDP number. It appears that market participants are...

Friends   Wow, there’s a lot to cover so here we go. First of all we got some terrific earnings reports after the close yesterday from Apple, Google, Microsoft, AMD and more. These big tech/growth companies are absolutely crushing it earnings and revenue wise,...

Friends   Despite more good earnings reports, stocks sold off today in a kind of “sell the news” reaction. Sure, there are concerns about the Covid-19 resurgence and there is a Fed meeting going on today and tomorrow, but investors will be focused after the...

Friends What worries? Monday’s “pullback” seems to be a distant memory just 2 trading sessions later. Sure, some pretty darn good earnings reports from corporate America have been helpful (but no real surprise), but when bond yields stopped plunging and recovered...