Archive for category: Market Commentary

Stocks Limp Into Quarter End

Stocks Limp Into Quarter End

Friends The bulls and the bears wrestled each other to the ground by the close of today’s final trading session of the quarter. After yesterday’s rally, the bulls failed to hold serve and the bears beat those market averages back into to neutral territory for the quarter. When all...

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Another Down Day For Stocks

Another Down Day For Stocks

Friends Stocks sold off early continuing the trend that we have seen for the last few trading sessions, only to reverse course midday and work back into positive territory in late afternoon trading. Unfortunately, the rally faltered and stocks drifted back into negative territory for the 4th session in...

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Stocks Retreat

Stocks Retreat

Friends That nice rally in stocks that we experienced after the Fed decision last week is more than gone at this point. As the end of the quarter approaches, it appears that traders are feeling a little jumpy. The Nasdaq in particular took it on the chin today and...

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Stocks Falter In The Afternoon

Stocks Falter In The Afternoon

Friends Housing numbers were strong and we did see a positive read for February Consumer Prices (remember the Fed is hoping desperately for some inflation), but market participants seemed to have no interest in buying stocks today. Market averages hovered around the break-even mark for most of the early...

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Stocks Loiter

Stocks Loiter

Friends As we mentioned last week, there are not a lot of market moving events scheduled in the next week or so, and today’s trading was indicative of just that. Stocks opened slightly to the upside and basically loitered for the entire trading session. Market participants seem bored with...

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Misdirection Continues

Misdirection Continues

Friends As we have seen throughout 2015, the markets seem to have no memory from day to day. After yesterday’s Fed fueled rally, stocks couldn’t find a bid today, as traders seemed uninterested in chasing yesterday’s rally. The takeaway from the Fed meeting yesterday was that the FOMC wants...

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The Fed Dance

The Fed Dance

Friends Well, the Federal Open Market Committee released its statement this afternoon, which was followed up by Fed Chair Yellen’s press conference, and the result was a rally in both stocks and bonds (not to mention gold and oil). Yes, the “patient” term was taken out of the statement,...

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