Archive for category: Market Commentary

3 Day Rally

3 Day Rally

Friends Who needs Europe? After a weak overnight session overseas, and our first real earnings disappointments (not to mention another uninspired weekly jobless claims number), stocks were set to have a difficult trading session. Exxon Mobil, Dow Chemical, UPS and a couple of others came up a little shy...

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Apple and the Fed

Apple and the Fed

Friends After yesterday afternoon’s blowout earnings report from Apple, stocks were primed to have a good day today as trading got underway. After an early rise, stocks drifted until the Fed report came out at 11:30, our time, and then the 1:15 press conference with Dr. Bernanke. The takeaway...

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Austerity and Scandals

Austerity and Scandals

Friends It was a difficult day for stocks today as traders were assaulted with bad news from every angle. Europe is just a mess, with politics changing almost daily over there, as unhappy citizens cast their displeasure with the medicine that is austerity. Germany, the only hope, is showing...

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Earnings and Spain

Earnings and Spain

Friends The markets spent all day worrying about what is going to happen in tomorrow’s Spanish bond auction. That coupled with weakness in IBM, after what seemed to be a rather good earnings report (the stock had run up before the report, so a little “sell the news” is...

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Upside Volatility

Upside Volatility

Friends Wow! After a somewhat uneventful slow grind upward in the first quarter, we seem to be back to the days of volatility once again these first few weeks of the second quarter. The last couple of weeks were decisively negative once the dust settled on them, but so...

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This Looks Familiar

This Looks Familiar

Friends This week reminded me a little bit of 2011. Volatility seems to be coming back to the market as we move into the second quarter. Overnight, the Chinese GDP number came in just a little shy of expectations, but Asian stocks rallied anyway. Those rallies fizzled a bit...

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