Archive for category: Market Commentary

Happy New Year!

Happy New Year!

Friends Well that’s a wrap on 2013. As I pointed out yesterday, it was quite an amazing year. Investments thought to be safe (quality bonds) and those thought to protect from central banks devaluing currencies (gold), were the years worst performers. Most bonds lost money for the year and...

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Merry Christmas

Merry Christmas

Friends The Santa Claus rally continues, though trading was quiet as expected on this half day Christmas Eve session. By the close, the Dow Jones Industrial Average was up 63 points to finish the day at 16,358. The S&P 500 was up 5 to close at 1833. Gold was...

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Fed Watch

Fed Watch

Friends As expected, traders were reluctant to do much before the release of the Fed statement and subsequent Bernanke presser tomorrow. Will the Fed announce a tapering schedule and how will the market react whether they do or not? It should be an interesting day. Today was anything but...

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Frisky Monday

Frisky Monday

Friends Traders were feeling a little frisky today as they wait for the 2 day Fed meeting to conclude on Wednesday. Overnight, the futures had been indicating a lower opening for stocks, but after rough sessions in Asia, a rebound in European trading emboldened traders at the opening of...

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Pullback Continues

Pullback Continues

Friends The pullback continues, as stocks suffered losses once again today. The weekly jobless claims number was worse than expected, while the retail sales number was actually a little better than expected. Perhaps we are getting an early look as to how stocks will react once the taper is...

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