Friends Despite descent numbers on housing, an extremely robust consumer confidence number, and more stable earnings reports (see P&G), stocks continue to trade cautiously before tomorrow’s Fed decision. Most every market participant roaming the street expects the...

Friends As the street awaits the FOMC meeting which begins tomorrow and finishes with the statement on Wednesday afternoon, we once again have a busy week of earnings. This week we’ll see reports from Apple, Altria, Amgen, Cummins, Procter & Gamble, Conoco...

Friends Despite a slight earnings miss by Amazon, there were many other good earnings releases, not the least of which was Alphabet’s, which helped push market averages to new all-time highs. Today’s GDP number, which showed 2.1% growth in the 2nd quarter, was...

Friends The earnings keep coming and stock market participants continue to display mixed emotions about them. After the close today we get earnings from both Amazon and Alphabet (Google), so that should be interesting. As for today, stocks spent the day in negative...

Friends With components Caterpillar and Boeing (for obvious reasons) dropping the ball with regards to their earnings reports this morning, the Dow Jones Industrial Average spent the day in negative territory. But, both the S&P and the Nasdaq were able to post...

Friends There were several interesting earnings beats and raised forecasts from corporate America this morning including Coca Cola, Kimberly Clark (both staples), and Lockheed Martin. These positive results helped stocks get off to a nice start today, and as the...

Friends Buckle up. This is a big week for corporate earnings as we’ll hear from Amazon, Alphabet (Google), Facebook, Travelers, Caterpillar, Lockheed Martin, Kimberly Clark, Harley Davidson, United Technologies, Coca Cola, AT&T, Boeing, Ford, 3M, Intel,...

Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was down 68 points to finish the day at 27,154. The S&P 500 was down 18 points to close at 2,976. Gold was down $1.50 to trade at $1,426...

Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was up 2 point to finish the day at 27,222. The S&P 500 was up 10 points to close at 2,995. Gold was up $26 to trade at $1,449 per ounce,...

Friends Despite earnings that are coming in a little better than expected in many cases, stocks are struggling. Again, we have wondered whether this was going to be the case, as share prices were at all-time highs when this earnings season began. Today, we saw stocks...

Friends It is very early, but the first several big firms that have reported earnings have beaten the bottom line estimates rather handedly. Now, the way the shares have reacted to the earnings release has been varied, with some rising on the good news, while others...

Friends Earnings season kicks off in earnest this week, with big financial names leading the way. Citi reported good numbers today (despite the less than enthusiastic share price response), and we’ll get a look at JP Morgan and Goldman Sachs tomorrow. As the week goes...

Friends Stocks continue to print all time highs as the market averages continue to be buoyed by the belief that the Fed is going to cut interest rates at the July FOMC meeting. We are entering an earning season that comes with extremely low expectations, but not...

Friends Fed Chair Powell’s testimony before the Senate went about the same as yesterday’s version before the House of Representatives. Simply put, there is no reason to believe that the Fed is not going to cut rates at the end of the month. Now, what happens after...

Friends All eyes and ears were on Fed Chair Powell's testimony before the House Committee on Financial Services today and he seemed to deliver the message that the stock market wanted. Citing over and over again the uncertainties that exist in today's economic...