Archive for category: Market Commentary

Distracted

Friends  Were they trading stocks today? I was completely engrossed with testimonies on television. But yes, stocks did trade today with a slight upward bias.  By the close, the Dow Jones Industrial Average was up 54 points to finish the day at 26,439. The S&P 500 was up 8...

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Fed Hikes

Friends  As expected, the Fed did raise the Fed Funds rate by a quarter of a point. The rate now sits at 2%-2.25%. The other interesting thing about today’s Fed statement is the removal of the term “accommodative”. The Fed finally feels that they have removed themselves from an...

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Let The Bulls Run

Friends  Stocks reached all-time highs today, as both the Dow and the S&P 500 soared to new heights. So much for concerns about trade wars and rising interest rates (the Fed will surely raise the Fed Funds rate at next week’s meeting). Instead, the bulls seem to have everything...

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