Archive for category: Market Commentary

Quiet Down Day

Quiet Down Day

Friends After yesterday’s nice snapback rally, a bad overnight session in China lead to a soft opening as trading got underway. Stocks stayed in negative territory for the rest of the day as yesterday’s rally was quickly forgotten. Traders seem to be bracing themselves for a bad revised GDP...

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Stocks Rally Back

Stocks Rally Back

Friends Have I mentioned that the stock market in 2015 seems to have amnesia? Once again, the bears could do nothing with the decline in share prices yesterday, as the bulls took control of the situation right from the start of trading today and held onto the gains for...

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Stocks Retreat

Stocks Retreat

Friends The downward move in stocks today prompted somewhat of a multiple choice quiz for determining the cause of today’s pullback. Was the cause for the downturn weak economic news, or was the data actually too strong? Was it fear of a rate hike coming sooner than later, or...

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Stocks Slump On Quiet Trading

Stocks Slump On Quiet Trading

Friends As expected, the markets were very quiet today, despite semi-hawkish comments from Fed Chair Yellen and a little hotter than expected CPI number (the core is where the inflation is showing, and admittedly it’s not really that much). As unlikely as a June rate hike seems, Ms. Yellen...

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Quiet Week Continues

Quiet Week Continues

Friends By the looks of this week’s trading action, one might think that we were in the dog days of summer. There has been almost no movement in prices this week and bonds seem to have settled down a bit also. Today saw the market averages hug the flat...

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Fed Minutes

Fed Minutes

Friends For the third day in a row, trading was quiet and stocks had little movement. Even the Fed minutes were unable to stir animal spirits. Speaking of those Fed minutes, it appears that the FOMC has moved on from any possibility of a June rate hike (no one...

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Uneventful

Uneventful

Friends Another very quiet day for the stock market. Despite the mix of some good and not so good earnings from selected retailers, in addition to some distinctly positive housing data, traders seemed unable to generate any interest on the buy or sell side of the ledger. By the...

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Silent Highs

Silent Highs

Friends The week kicked off with a very quiet day of trading. Yes, there was an upward bias and new highs in market averages, but participation was light and volatility was non-existent. It is scheduled to be a somewhat light week for economic data, despite the Fed minutes that...

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Quiet Friday After Active Week

Quiet Friday After Active Week

Friends Another day, another plethora of weak economic data. The Empire State number showed softness in manufacturing, the Industrial Production number was negative and the Consumer Sentiment number was much worse than expected. Understandably, bonds rallied (rates fell), but the stock market seemed out of gas after the volatility...

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