Archive for category: Market Commentary

Happy Thanksgiving Everyone

Friends As expected, trading was quiet, volatility was pretty much non-existent, and for the most part traders just wanted to get home to get the Thanksgiving festivities started. There was one interesting economic data point as the durable goods number came in much stronger than expected. For the most...

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Stocks Quieting Down

Friends Market participants had several economic reports to chew on this morning before the opening bell. The CPI number came in hotter than expected (the Fed should like that), Housing Starts surged in October, and the weekly initial jobless claims dropped more than expected (the lowest in many years)....

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Stocks Drift Lower

Friends The stock market seemed to run out of gas today, except for a few tech names and some retailers. Target had better than expected earnings today, but Lowes had a disappointing quarter. Walmart will release its earnings report tomorrow, so we’ll see how the largest brick and mortar...

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Stocks Grind Higher

Stocks Grind Higher

Friends The Bears keep trying to zap the enthusiasm from this “Trump” rally, but the Bulls continue to buy pullbacks and drive many stocks higher. It is still the case that there are winners and losers in this environment, as it appears that a rotation from previously thought to...

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Stocks Remain Mixed

Friends Stocks seesawed between positive and negative territory during today’s trading session, as traders continue to grasp just what the Trump victory means for different sectors and who will be the winners and who will be the losers. Bonds and gold continued to sell off providing somewhat of a...

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