Friends Despite a plethora of uninspiring economic news, including a disappointing weekly jobless claims number, a final look at 4th quarter GDP and a lousy Chicago PMI number, stocks held a positive bias all day long. A relatively calm situation developed in Cypress as the good citizens behaved themselves...
Friends Stocks continued the recent seesaw type action today as an early morning 100 point plus drop in the Dow Jones IndustrialAverage gave way to a relentless climb back towards positive territory. As it turns out the Dow couldn’t finish the deal and ended with a modest loss, while...
Friends Stocks seemed determined today to set a new high for the Dow and establish a new closing high for the S&P 500. Traders had to sort through a bevy of economic reports as the durable goods orders soared led by aircraft orders (the underlying core was weak though),...
Friends Wow! The non-farm payroll number was better than expected. Again, consensus expectations were for about 170,000 new jobs, but today’s number came in at 236,000 new jobs created last month. The unemployment rate fell to 7.7%. All in all, a very pleasant report. Now how did the markets...
Friends As traders wait for tomorrow’s all-important non-farm payroll number (economists are looking for about 170,000 new jobs), stocks drifted in positive territory for most of the session. Today’s weekly jobless claims number continued to show slight improvement but non-farm productivity was a bit lighter than expected. Trading seems...
Friends After all the excitement yesterday about reaching new highs in the Dow Jones Industrial Average, it would not have been surprising to see stocks take a pause today, but though trading was quiet, stocks remained in positive territory for the entire trading session. Leading the way was an...
Friends Stocks rocketed to the upside right from the beginning of trading this morning to take out the 2007 high in the Dow Jones Industrial Average. The bulls had the record high in their sights for days now, so it wasn’t a real surprise that the old high was...
Friends Before we talk about the market, I want to announce that CHJ has partnered with the Breast Cancer Charities of America and will sponsor the I Go Pink Golf Classic on May 6th at The Woodlands Country Club. If you are a golfer, we would love to have you join...
Friends Happy Sequester Day! Yes, I know the world is supposed to end because of $85 billion in budget cuts, but somehow I suspect we will survive those cuts. No, that is not a comment on stock market direction. A whole lot of other factors go into that one....
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