Friends It was a sell the news kind of day for the stock market, though the averages closed well off their lows for the day.  Both Walmart and Home Depot had stellar earnings reports, but because both were trading near all-time highs, market participants decided to...

Friends   We mentioned last week that there was a good chance we would hear from Moderna this week about their Covid-19 vaccine and indeed we did this morning. Using similar technology to Pfizer’s vaccine, Moderna’s efficacy was even better than the Pfizer...

Friends Despite concerns over the virus continuing to blow up across America, and threats of more shutdowns, stocks had a very good day. Today's advance was a little more broad based with strange bed fellows consumer staples and industrials enjoying good days....

Friends It was a difficult day for stocks as traders are concerned about further shutdowns as the virus continues to blow up. Also, though it should be no surprise, the odds of a stimulus deal, given the political uncertainty/environment, before the end of the year...

Friends It was another mixed day for stocks with the Dow, once again, leading the way higher, while Nasdaq continues to see selling pressure. Many of the "stay at home" stocks continue to be sold while the "everything will be back to normal" stocks got bought for a...

Friends As I mentioned this morning, despite continued political theater, Pfizer's Covid-19 vaccine results was today's major news story. Yes, we have a long way to go. First we need FDA approval for this and hopefully other vaccines. Then we have to produce these...

Friends I am sure by now you have heard the news that Pfizer's early stage 3 Covid-19 vaccine results came in much better than expected. With an efficacy rate of near 90% this is very exciting news. Moderna, who uses a similar technology to develop their vaccine, is...

Friends After a very strong week for stocks, it was pretty impressive that every attempt to take the market down today was met with more buying support. Sure, Covid19 is blowing up again and there is still likely some drama ahead in the presidential and senate races,...

Friends   We are still waiting to see who the next President of the United States will be. It appears that it will be Joe Biden, but that is not official yet. Also, it appears that the Senate will remain in the hands of the Republicans, but that is not certain...

Friends It was quite a night of political theater last night, wasn't it? There are still votes to count, but it appears that Democratic Presidential candidate Joe Biden may be the winner, and the Senate, it appears, will remain in the hands of the Republicans. Of...

Friends   Did stock market participants know something? Of course, I’m not sure what they might have thought they knew. Blue Wave? Surprising Trump win? Biden wins but Senate stays in Republican hands? Well, your guess is as good as mine, but stocks rallied...

riends After a difficult September, October began with such promise. But, once all was said and done, October turned out to be the worst month for stocks since March. Over the last couple of weeks, the rise of Covid-19 cases, the lack of a stimulus deal, and the...

Friends As expected, we saw a blow out 3rd quarter GDP number this morning. Now, of course it is coming after a disastrous 2nd quarter GDP number, but it does give us an indication that the economy was improving as we entered the 4th quarter. Of course, now we are...

Friends   Despite some good earnings reports, such as the one delivered by Microsoft after the close yesterday, stocks just could not overcome the wave of disturbing news concerning the coronavirus continuing to blow up in the U.S. and Europe. Add to that, that...

Friends It was a very mixed day for stocks. After earnings from the likes of Caterpillar and 3M, the industrials came under selling pressure, while at the same time the big tech names saw a lot of buying activity sending the tech heavy Nasdaq up nicely for the day....