Archive for category: Market Commentary

Volatile Monday

Volatile Monday

Friends Stocks enjoyed another roller coaster ride today as an early rally fueled by potential corporate mergers, was undermined by a breakdown in the NASDAQ (fueled by another difficult day for the high flying momentum stocks) which took stocks well into negative territory. But as the session wore on,...

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Stocks Drift

Stocks Drift

Friends We got earnings after the close yesterday from two tech giants (Apple and Facebook) and we’ll get two more today at the close (Microsoft and Amazon), but despite the good reports from yesterday’s players, stocks drifted aimlessly today (perhaps stymied by the Russia/Ukraine tensions). On the economic front,...

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Bulls Keep It Rolling

Bulls Keep It Rolling

Friends The bulls were able to keep the party rolling as earnings season continues. The story seems to be that despite somewhat lackluster results from many of the companies that have already reported, expectations had been ratcheted down enough so that any disappointment is somewhat muted. Stocks spent much...

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Big Earnings Week

Big Earnings Week

Friends Things got off to a somewhat quiet start for the week as stocks spent the day in positive territory, but with no real conviction. On the economic front Leading Indicators came in a little better than expected pointing to possible accelerating growth in the next six months. Stocks...

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Stocks Enjoy A Good Week

Stocks Enjoy A Good Week

Friends Well, well, after last week’s “correction” stocks enjoyed their best week of the year. Other than IBM acting like an anchor around the Dow’s neck and Google pressuring the NASDAQ, stocks were in positive territory for a good portion of the trading session. By the close, the Dow...

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Shaping Up To Be A Good Week

Shaping Up To Be A Good Week

Friends Stocks rallied early, and were able to hold onto the gains for the entire trading session. With one day left in the shortened trading week, the bulls have sure turned the tide after last week’s mess. Stocks had already been comfortably in positive territory, but catapulted higher during...

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Another Nice Tuesday!

Another Nice Tuesday!

Friends Stocks seesawed back and forth today as the economic news was uninspiring (the CPI was a little hotter than expected and the Empire State Manufacturing Index weaker than expected) and the Russia/Ukraine news was somewhat disturbing. Nevertheless after an up morning, followed by a Ukraine inspired fall in...

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