Archive for category: Market Commentary

Today’s Rally Held

Today's Rally Held

Friends Ok, now that’s a little better. After yesterday’s massively failed rally, today’s early gains didn’t exactly instill confidence in the hearts of traders, but as it turns out, the gains not only held, but increased in the last hour of trading. A second massive reversal day would have...

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Disappointing Reversal

Disappointing Reversal

Friends It was no real surprise that China announced new stimulus measures overnight to hopefully stem the tide of their stock market decline. As a matter of fact, we spoke about its likelihood in our conference call yesterday. Stock futures were rallying even before the announcement from the PBOC,...

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Stocks Plunge

Stocks Plunge

Friends Well, we have been waiting for/expecting this for quite some time. The last time we saw a week like this was back in 2011. Simply put, the market is correcting. Will we be entering a prolonged bear market? Of course, no one knows. The Russell 2000 (small cap)...

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Fed Minutes Roller Coaster Ride

Fed Minutes Roller Coaster Ride

Friends We had some fireworks today while everyone was waiting for the 1:00 (our time) release of the FOMC minutes, Bloomberg “accidently” released the headlines about 20 minutes early. The minutes were mainly interpreted as slightly dovish (perhaps no rate hike in September) and stocks reversed what had been...

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