Friends As we head into the Labor Day weekend, the situation in Syria took center stage as this afternoon’s presentation by Secretary of State John Kerry all but declared that the U.S. is about to take action of some type against the Assad regime. With the political/military situation looming...
Friends Finally, good news was good news. Well, at least it was for most of today’s trading session. This morning’s surprising upward revision to 2nd quarter GDP and the continuously improving weekly jobless claims number certainly was the best domestic economic news traders have received over the past couple...
Friends As we mentioned yesterday, sentiment can change quickly when we are in the middle of a global political “crisis”. Market participants seem emboldened right from the opening bell, sending stocks higher for most of the session. The leaders, and not surprisingly, were the oil related stocks buoyed by...
Friends With tensions mounting in Syria and the possible U. S. involvement, traders simply backed away from the table today, as stocks spent the entire day in negative territory. Though, all this market action is unfolding on very light volume, plenty of technical damage is being done. The averages...
Friends After Friday’s lousy new homes sales number, today’s durable goods number was even worse. The market reaction (if you can call it a reaction) was one of indifference as stocks drifted into higher territory for most of the session. Once Secretary of State Kerry had his Syria news...
Friends After yesterday’s hysteria about the NASDAQ having to shut down trading for three hours, things were a bit calmer today. Stocks were able to post a second day of gains, despite an awful new home sales number this morning. Bonds actually stopped going down for ten minutes, so...
Friends It was a bizarre day in the markets, as NASDAQ halted trading for over 3 hours because of a technical problem. So, for a major part of the trading session, nothing much happened. Thank goodness there was nothing major, news wise, going on today. Stocks had been higher...
Friends To taper or not to taper, that is the question. Market participants waited with bated breath for the Fed minutes to be released this afternoon, but when it was all said and done, did we really learn anything new? Well, we found out that the members of the...
Friends Stocks were able to break a four day losing streak (well the S&P 500 and NASDAQ did anyway), but the bulls aren’t getting out the party hats just yet. For most of the session, the bond market remained calm which seemed to allow stocks to drift in positive...
Friends The stock market seemed to be minding its own business this morning until, once again, the bond market began to sell off (rates rise) and stocks followed suit. This has been the pattern for the past several sessions. As bonds deteriorate stocks head south. One might suspect that...
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