Archive for category: Market Commentary

Running In Place

Friends Remember, we had that two day pullback after the Brexit vote but quickly followed that up with a nice rally. But for the last couple of weeks we have seen stocks pretty much running in place. We continue to alternate between up and down days, but basically going...

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Busy Week Ahead

Friends Stocks began this very busy week on the negative side of the ledger, and once again, given the extended rally we have seen lately, it is really no surprise. Besides the political theater, which just gets crazier by the day, we have a major week of earnings reports...

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Stocks Drift Higher Despite…

Friends Another very quiet trading day, but with an upward bias as the session wore on. We have had a plethora of earnings releases this week and we’ve seen shares of the companies reporting have different reactions. Today, for instance, despite a somewhat lukewarm earnings report, Starbucks ended the...

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Creeping Higher

Friends Another quiet day of trading resulted in another gain for the market averages. Stocks held onto early gains and basically coasted during the afternoon portion of the trading session. Again, earnings have been better than expected, notably Microsoft enjoying an earnings bounce today after a good report. Again,...

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More Digestion

Friends Stocks were quiet once again today as market participants appear to have hit the pause button temporarily, and most likely for good reason. It wouldn’t hurt if we took a moment to digest the recent surge since the aftermath of the Brexit vote. Also, we are now immersed...

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Stocks “Ganged” Up On

Stocks “Ganged” Up On

Friends Stocks were having a nice day to begin with, after yesterday’s sell off and the announcement of a good housing starts number early this morning, but when the President appeared midday to announce that the “gang of six” senators might have a budget deal, the market soared to...

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