Archive for category: Market Commentary

Painful January

Painful January

Friends Ok, glad that’s over. January 2014 was a difficult month. It was the first down January we have had since 2010. One thing we can say about 2014 so far, volatility is back. After dropping more than 230 Dow points by midday, stocks tried to stage a late...

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Stocks Bounce Back

Stocks Bounce Back

Friends Stocks rallied today, helped by a better than expected first look at 4th quarter GDP (3.2% vs. 3% consensus estimate), and a bevy of pretty darn good earnings reports. Traders seemed to direct their focus away from emerging market currency issues for one day and instead focus on...

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The China Syndrome

The China Syndrome

Friends Fueled by overnight weakness in China, stocks suffered a difficult day. China’s problems revolve around weakening manufacturing data and an economic slowdown which has lingered for some time now. Domestically, the weekly jobless claims were harmless, and LEI (leading economic indicators) came in about as expected which was...

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Snow Day

Snow Day

Friends On this the second day of trading for 2014, stocks saw a little more volatility as the bulls stepped up to the plate in the early afternoon pushing the Dow up 70 points, only to back away once again in the last half hour of trading. With the...

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Another Mixed Result

Another Mixed Result

Friends We have been seeing several cases of stocks priced for perfection suffering sell-offs despite what seems to be decent, if not good earnings reports. We suspected that this might occur this earnings season. Dow components Johnson & Johnson , Verizon, General Electric and others have all been met...

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Mixed Results

Mixed Results

Friends The Dow Jones Industrial Average masked a very weak day for stocks. On the economic front, housing starts, as expected were down, and consumer sentiment slipped in December, but industrial production was encouraging. Once again, mixed results. Speaking of mixed results, corporate earnings have been just that-mixed. Those...

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Follow Through

Follow Through

Friends A couple more good reports from major money center banks and another good day for stocks. Also helping was a better than expected Empire State Manufacturing number which had been lagging other regions of the country, and a hotter, but expected PPI number. After Monday’s shellacking, market participants...

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