Archive for category: Market Commentary

GDP Surprises

GDP Surprises

Friends It was a classic case of good news is bad news today (or perhaps a case of just sell the news), as a better than expected 2nd quarter GDP report (at first look, the economy was measured as growing 4% for the quarter) was better than hadbeen expected...

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Global Disturbance

Global Disturbance

Friends Stocks seemed to be headed for decent gains in the early part of today’s trading session, but the mention of more Russian sanctions sent the averages into negative territory, where they remained throughout the afternoon. Despite the wave of corporate earnings and economic data, it’s not surprising that...

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Trading Week Ends Poorly

Trading Week Ends Poorly

Friends Despite a nice Durable Goods Orders report released this morning, stocks were under pressure from the get-go, mainly affected by weak overseas markets before the opening of trading. Amazon’s disappointing earnings (they actually really don’t produce much in terms of earnings) seemed to set the tone for the...

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Mixed Results

Mixed Results

Friends Stocks were mixed today as earnings from major Dow components were also mixed. Nevertheless, over 70% of the companies that have reported earnings thus far have exceeded analyst’s expectations. Traders continued to keep an eye on news from the Middle East and Ukraine, but earnings are front and...

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Global Concerns Weigh On Stocks

Global Concerns Weigh On Stocks

Friends Market participants seemed preoccupied with global concerns (and who can blame them), and stocks traded in negative territory for the entire session. After a triple digit early decline for the Dow, stocks did rebound some, but volume was extremely light and trader’s level of interest seemed to wane....

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Stocks Bounce Back

Stocks Bounce Back

Friends After yesterday’s event driven drop in the stock market, traders seemed inclined to step in and pick up some shares at reduced prices in today’s session. It is very difficult to quantify what yesterday’s global turmoil means to markets, but one thing we know is that nothing moves...

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Tragedy Moves Markets

Tragedy Moves Markets

Friends Reports of a downed Malaysian airliner near the Ukraine/Russian border sent stocks tumbling midday and throughout the rest of the trading session. A flight to safety ensued with treasury bonds and gold both rallying and the volatility index spiking. The circumstances surrounding the plane were sketchy during the...

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