Friends   It was another very difficult day for the Nasdaq and what were up until recently the growth stocks that had led the market higher. Day after day we see these once high flyers go lower and lower, while last year’s laggards such as energy, financials and...

Friends   We had a version of bad news is good news today with the non-farm payroll number coming in at 266,000 new jobs created in April instead of the more than 1 million forecasted (some whisper numbers were as high as 1.5 million). So, instead of the Fed...

Friends   It was another trading day with wide divergences. Boring, stodgy staples and financials were the winners (and have been for a lot of 2021) while sexy go-go growth names continue to struggle. Well, struggle might be a kind term when you consider last...

Friends The market averages tried to rally despite a slightly disappointing ADP private payroll number, but it really appears that the bulls have run out of ammunition. The beleaguered Nasdaq was actually in positive territory for a short period of time today, but...

Friends   Comments from Treasury Secretary Janet Yellen seemed to unsettle the stock market today with the Nasdaq once again receiving the brunt of the selling. The Treasury Secretary had the audacity to mention in an interview that the Fed might just have to...

Friends It was a mixed start to the new month. The Dow and the S&P were able to post modest to decent gains while the Nasdaq dipped into negative territory for the day. Remember, we had all those big tech earnings reports last week and it seems that Nasdaq is...

Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We...

Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the...

Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and...

Friends It was another quiet day of trading as market participants wait for a bevy of big tech earnings and the results of an important Fed meeting. We’ll get the Fed’s decision on rates (there will be no change) and the statement tomorrow afternoon. That will be...

Friends It was a tentative day of trading as market participants brace themselves for an avalanche of earnings reports. We get a look at Tesla’s earnings after the closing bell today and then a plethora of important companies will be reporting as the week unfolds. As...

Friends   Stocks rebounded from the “capital gains tax shocker” to recover most of yesterday’s losses. Of course, yesterday’s news on taxes from the President wasn’t really a shocker. We all know that it is likely that taxes are going up. The only question is...

Friends As corporate earnings reports begin to rollout, we are simultaneously seeing a little weakness in the market averages. Today we saw strength in the staples and pharmaceuticals, but most everything else was mainly left behind. Early returns have basically been...

Friends   The bulls continue to dominate the action on the field, pushing the market averages higher on what seems like a daily and weekly basis. Some of today’s winners are tied to the incredible housing boom we are seeing across the country. The builders, the...

Friends   It was another good day for the market averages, though not every sector participated in the advance. Today’s winners were the big tech names and basically growth in general. The recent favorites- banks, industrials and energy all were sources of funds...