Archive for category: Market Commentary

Happy Thanksgiving

Happy Thanksgiving

Friends As expected, trading was painfully light today, and the markets had very little movement during the session. Stocks did end on a positive note, but there was not much to get excited about. Perhaps caused by the government shutdown, the Durable Goods Orders number for October was disappointing,...

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Lots Of Data/Little Action

Lots Of Data/Little Action

Friends On the economic front we received some positive housing data as the Case-Shiller HPI showed accelerating home prices and the housing starts data was better than expected also. The negative data point today was the Consumer Confidence Number which was a lower reading than expected. None of this...

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The Year Of The Bull?

The Year Of The Bull?

Friends As we suspected, the foolish hand wringing over stale Fed minutes did not last very long. The bulls captured the high ground once again today sending shares higher from the opening bell. On the economic front the weekly jobless claims number was slightly better than expected, and the...

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Lots Of Theatre

Lots Of Theatre

Friends Plenty of theatre today, as we got to watch the “dynamic” Janet Yellen do her job interview for the Senate Banking Committee, and then watch President Obama get shelled at his press conference on Obamacare. First Ms. Yellen made it perfectly clear that she will continue the accommodative...

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