Archive for category: Market Commentary

And There’s Your New High

And There’s Your New High

Friends Despite a plethora of uninspiring economic news, including a disappointing weekly jobless claims number, a final look at 4th quarter GDP and a lousy Chicago PMI number, stocks held a positive bias all day long. A relatively calm situation developed in Cypress as the good citizens behaved themselves...

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The “Tina” Market

The “Tina” Market

Friends Stocks seemed determined today to set a new high for the Dow and establish a new closing high for the S&P 500. Traders had to sort through a bevy of economic reports as the durable goods orders soared led by aircraft orders (the underlying core was weak though),...

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Drifting Higher Continues

Drifting Higher Continues

Friends As traders wait for tomorrow’s all-important non-farm payroll number (economists are looking for about 170,000 new jobs), stocks drifted in positive territory for most of the session. Today’s weekly jobless claims number continued to show slight improvement but non-farm productivity was a bit lighter than expected. Trading seems...

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Quiet Follow Through

Quiet Follow Through

Friends After all the excitement yesterday about reaching new highs in the Dow Jones Industrial Average, it would not have been surprising to see stocks take a pause today, but though trading was quiet, stocks remained in positive territory for the entire trading session. Leading the way was an...

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New Dow Highs!

New Dow Highs!

Friends Stocks rocketed to the upside right from the beginning of trading this morning to take out the 2007 high in the Dow Jones Industrial Average. The bulls had the record high in their sights for days now, so it wasn’t a real surprise that the old high was...

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Happy Sequester Day

Happy Sequester Day

Friends Happy Sequester Day! Yes, I know the world is supposed to end because of $85 billion in budget cuts, but somehow I suspect we will survive those cuts. No, that is not a comment on stock market direction. A whole lot of other factors go into that one....

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