Friends Just a miserable day for stocks. It seems like we haven’t seen a day like this for quite some time (down almost 2% in the major market averages). I don’t believe that straws, like the numerous global concerns and a default of Argentina, are the ones that “broke...
Friends It was a classic case of good news is bad news today (or perhaps a case of just sell the news), as a better than expected 2nd quarter GDP report (at first look, the economy was measured as growing 4% for the quarter) was better than hadbeen expected...
Friends We have a very busy week ahead of us. First of all, we have a plethora of earnings reports to review, as well as a full calendar of economic data. On the economic front, we have a Fed meeting that begins tomorrow and wraps up on Wednesday. In...
Friends Stocks seemed to be headed for decent gains in the early part of today’s trading session, but the mention of more Russian sanctions sent the averages into negative territory, where they remained throughout the afternoon. Despite the wave of corporate earnings and economic data, it’s not surprising that...
Friends Despite a nice Durable Goods Orders report released this morning, stocks were under pressure from the get-go, mainly affected by weak overseas markets before the opening of trading. Amazon’s disappointing earnings (they actually really don’t produce much in terms of earnings) seemed to set the tone for the...
Friends Stocks were mixed today as earnings from major Dow components were also mixed. Nevertheless, over 70% of the companies that have reported earnings thus far have exceeded analyst’s expectations. Traders continued to keep an eye on news from the Middle East and Ukraine, but earnings are front and...
Friends Traders were able to focus on the plethora of corporate earnings reports today (many from the Dow 30), and for the most part liked what they saw. The earnings season is shaping up to be a bit better than many expected, and if it hadn’t been for the...
Friends Market participants seemed preoccupied with global concerns (and who can blame them), and stocks traded in negative territory for the entire session. After a triple digit early decline for the Dow, stocks did rebound some, but volume was extremely light and trader’s level of interest seemed to wane....
Friends After yesterday’s event driven drop in the stock market, traders seemed inclined to step in and pick up some shares at reduced prices in today’s session. It is very difficult to quantify what yesterday’s global turmoil means to markets, but one thing we know is that nothing moves...
Friends Reports of a downed Malaysian airliner near the Ukraine/Russian border sent stocks tumbling midday and throughout the rest of the trading session. A flight to safety ensued with treasury bonds and gold both rallying and the volatility index spiking. The circumstances surrounding the plane were sketchy during the...
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