Archive for category: Market Commentary

May Ends On A Down Note

Friends It was the first day back after the long holiday weekend, but it was also the last trading day for the month of May. Once again, it was somewhat of an uneventful month as the little gains that we had coming into today’s session were mostly erased by...

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Happy Birthday Dow

Friends Well Happy 120th Birthday to the Dow Jones Industrial Average. That’s right 120 years ago 12 stocks were combined to create an index that would become the standard bearer for the next century. Sure, today the S&P 500 gives a more accurate account to what is going on...

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Nice Rally

Friends Just when it looked like we might just coast into the end of the month, the bulls came out today and put a full court press on the bears and sent stocks soaring higher. Helped by a very strong and much better than expected New Home Sales number,...

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Fed Paralysis?

Friends Investors are tuned in to an array of Fed officials speaking this week (or are they trying to tune them out?), attempting to ascertain just what is going to transpire at the June FOMC meeting coming up in a few of weeks (June 14th and 15th to be...

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Please Read-We Are Not Them

Friends Today I want to take a moment to discuss something that occurred yesterday that we believe needs to be addressed. In the morning a research analyst from a major investment bank/brokerage firm put out a report recommending the purchase of Tesla shares. Nothing earth shattering about that as...

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Fed Minutes Hint At June Hike

Friends The bulls were feeling pretty good about themselves during the midday portion of today’s trading session. After a bit of an ugly start to trading, the bulls had turned the tide and driven share prices higher with the Dow sporting a nifty 100 point gain right before 1:00...

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And We Give It Back

Friends Another day, another 200 point move. That’s right, stocks were on the move once again today and after a small early morning rally, the move was decidedly to the downside. Despite good earnings from retailers TJ Maxx and Home Depot, stocks rolled over later in the morning and...

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