Friends Hot, hot, hot would best describe the economic data we got today. It’s probably no surprise that we are seeing record highs in home prices, but in addition to the boom in home prices we saw a better than expected rise in consumer confidence. The reopening has...

Friends After last week’s move higher in stocks, today’s action had a little more selectivity to it. The Nasdaq buoyed by tech names was today’s winner, while the Dow weighed down by some lagging industrial and energy names was today’s loser. It is not surprising that...

Friends The bulls finished off a good week of trading-totally reversing last week’s losses. Some dynamite earnings from Nike may have given market participants a glance at what we have in store as earnings season kicks off in a couple of weeks. We are likely to see...

Friends It was a very good trading session for the bulls and nearly every sector of the market participated in the move higher. The move higher was already firmly in place by the time the President announced that a smaller bipartisan infrastructure deal had been...

Friends   It was a very quiet day of trading, reminiscent of the pattern we were seeing before last week’s FOMC meeting. Stocks tried to stay in positive territory during most of the session, but the buyers seemed to disappear in the last 20 minutes of trading....

Friends   Things got off to a shaky start this morning as crypto currencies were tumbling before the opening bell. But, after the market averages experienced some minor losses in early trading, crypto currencies rallied and the bulls stepped back into stocks. It...

Friends It was a difficult day and a difficult week in general for stocks. St. Louis Fed President Bullard spoke in a more hawkish tone this morning in an interview on CNBC, and with market participants already feeling a bit confused/jittery about things, that was all...

Friends There seems to be some confusion in the markets since the release of yesterday’s Fed statement. The first reaction in bonds was for prices to move lower while yields moved higher – interpretation being that inflation is going to continue to be hot and interest...

Friends The Fed’s FOMC statement did illicit a response from the both stocks and bonds, but in reality the Fed Chairman really didn’t indicate that the central bank’s monetary policy is going to change any time soon. Yes, the Fed did acknowledge that inflation is a...

Friends As traders wait to see what comes out of the FOMC meeting tomorrow, stocks drifted into negative territory for most of the trading session. Today’s PPI number was a bit “hot”, while the retails sales number was a bit soft. Remember, all eyes are on the Fed’s...

Friends As all eyes are on the FOMC meeting which begins tomorrow, market participants are trying to determine whether inflation is going to get worse from here or not. Though analyst after analyst continue to show concern that inflation is here to stay, the stock and...

Friends Once again stocks rallied at the open only to see those gains dissipate as the trading session wore on. But by the close we did see modest gains across the board. We have noted that the market averages continue to flirt with new highs only to run out of steam...

Friends   As expected, the CPI number was rather hot. We saw prices in May rise by 5% which was even more than the expected 4.7%. But, as we noted yesterday, this “bad” news may not necessarily be bad for stocks, or bonds for that matter. One would expect the...

Friends Today’s trading action and slumping prices seemed more about waiting to get a look at tomorrow’s CPI number than about a bold statement by the bears. We’ve seen this type of action for a while now. The market averages flirt with new highs but there just...

Friends It was another somewhat quiet day of trading as market participants seem to want to wait and get a look at Thursday’s CPI number before making any new commitments. On the economic front we got the JOLTs or job openings number and it was as high as it’s ever...