Friends It was no surprise that today was a very quiet trading day. With the Labor Day holiday upon us, the traders that were paying attention today, seemed to have very little interest in taking a stand before the three day weekend. The biggest news story of the day...
Friends Word of a Russian invasion into Ukraine had the markets on edge before trading began, and in the first hour of trading stocks posted sizable losses. But as the trading session wore on, confusion about the Russian/Ukraine headlines and decent economic data seemed to bring buyers back into...
Friends The stock market took a well-deserved pause today, as a small early morning rally dissipated midday, only to see stocks drift along for the remainder of the session. There was not a lot of data or headlines for market participants to trade on, and quite frankly the bulls...
Friends Stocks flirted with new highs for the S&P and the Dow for most of the trading session. The S&P did just barely close at 2000, but the Dow could not hold onto its all-time high. Nevertheless, the bears continue to wait for something to derail the advance, while...
Friends Stocks continued their upward surge as another late summer week of trading has gotten off to a good start. The bulls seemed determined to take a shot at 2000 on the S&P 500 and we did briefly trade above that level. Despite not being able to hold 2000,...
Friends Traders where monitoring closely Janet Yellen’s speech at Jackson Hole this morning, but nothing really new came from it. Stocks drifted aimlessly for most of the session, then this afternoon it was Mario Draghi’s turn to speak. Once again, no real reaction, but stocks did end up selling...
Friends Stocks continue the advance to new highs, as a lack of disastrous global headlines and continued strengthening economic data have the bears on the run. Jobless claims slipped back under 300,000 while the PMI Manufacturing Index was a blowout number to the upside. With corporate earnings and revenues...
Friends Traders sat on their hands for most of the morning as they waited for the release of the Fed minutes at 1:00 Central time. Despite the minutes indicating that the Fed might be leaning a bit more hawkish (willing to raise rates a bit sooner than thought), stocks...
Friends With an impressive week and a half, the bulls have just about repaired the damage that occurred in July and early August. Yes, global headlines are not quite as disturbing in recent days and economic data continues to get gradually better, but the impressive thing is how quickly...
Friends Friday’s volatility was triggered by news that a Russian convoy was attacked and destroyed in Ukraine, but over the weekend nothing new seemed to happen, and there seemed to be no Russian response. Some were questioning whether the report was incorrect altogether. The apparent calm helped stir confidence...
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