Friends The final trading session of the quarter was similar to many of the other trading sessions of the quarter- mostly quiet and calm. Stocks spent most of the session in negative territory, but it seemed likely attributable to the lack of desire by traders to make any commitments...
Friends We did see a little more volatility this week, but today was mostly uneventful. Stocks spent most of the day in negative territory, only to rally a little into the close. By the close, the Dow Jones Industrial Average was up 5 points to finish the day at...
Friends Despite a benign jobless claims number and an OK Personal Income and Outlay report, the bears got the upper hand in early trading and stocks tumbled 80 Dow points as the session began. But while the bears were watching the U.S. lose to Germany in the World Cup...
Friends Today we got the final revision of first quarter GDP and let’s just be thankful that it’s the final revision. What at first glance appeared to be a negative 1% first quarter turned into an almost negative 3% quarter with this latest revision. Let’s just all agree that...
Friends Wow, what a quiet day of trading. Stocks just drifted throughout the session. On the economic front, the weekly jobless claims number broke the 300,000 level, as only 284,000 new claims were made. The PMI Manufacturing Index slowed a bit, but was still strong, but New Homes Sales...
Friends Stocks were drifting along this morning, quietly minding their own business when all of a sudden, around midday, the bears came out of hibernation. The reason for the pullback was attributed to more bad headlines out of Iraq which include bombing from Syrian planes. Nevertheless the bulls seemed...
Friends Stocks did actually suffer a down day today. Ok, it wasn’t much and there was very little volume or volatility, but stocks did actually spend most of the session in negative territory. All three of the economic data points were positive today. Existing home sales were better than...
Friends Stocks will never go down again, ever. Ok, I am just kidding, of course, but as market participants (portfolio managers, pension funds, individuals etc.) sit around “waiting for the next explosion” (a nod to Jimmy Buffett), stocks continue to climb “higher and higher” (a nod to Jackie Wilson)....
Friends In the aftermath of the Fed statement and Ms. Yellen’s Q&A, traders seemed somewhat uninterested throughout the session today, as stocks spent most of the day in negative territory only to climb into the black right before the close. The President spoke and answered some questions midday, but...
Friends Traders seemed relieved that the FOMC minutes and the subsequent Q &A with Fed Chair Yellen produced no real surprises. The taper of QE continues and interest rates will remain at zero for some time. Ms. Yellen didn’t seem all that concerned about inflation, as she dismissed recent...
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