Archive for category: Market Commentary

Upward Drift

Friends  As we have referenced, we are, indeed, in the dog days of summer. Stocks did trade in positive territory for most of the trading session, but not in a very convincing manner. After the flood of corporate earnings reports and economic data that we have received the past...

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Apple Roars/Stocks Whimper

Friends  Despite blowout earnings from Apple, a hot ADP employment number and a constructive economic outlook from the Fed, stocks coughed up early gains and drifted without much direction into the close. The FOMC release, as expected did not include an increase in the Fed Funds rate, but as...

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Stocks Hold Small Gains

Friends  Word that trade talks with China could be progressing helped jump start a small rally in stocks on this last trading day of July. After an initial surge, the bulls must be disappointed in the late afternoon fade which gave back a good chunk of the gains. The...

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Market Leaders Continue To Slump

Friends  The fallout from the disappointment of the FANG stocks from last week continued as trading unfolded today. After a feeble attempt to stage an early morning rally, Facebook, Amazon, Google and Netflix all headed south and continued to show signs of deterioration into the close. Yes, some value...

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The Facebook Flop

Friends  Despite the disastrous earnings release and subsequent bloodletting in the shares of Facebook, stocks actually held up pretty well today. The results were mixed, but disaster was averted. Besides the continuous and mostly fantastic stream of earnings reports, we get our first look at 2nd quarter GDP tomorrow...

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Earnings Parade Continues

Friends  It was another good day for stocks, but not all stocks participated in the advance. Yes, earnings numbers continue to impress as Google, Lockheed Martin, Verizon and others all exceeded expectations with their earnings releases, but the likes of Whirlpool and Harley Davidson did stumble as tariff issues...

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