Friends For the second day in a row stocks reacted positively to earnings reports, whether good or not. That is a theme that the bulls would like to see develop. With lowered expectations perhaps we’ll get investors thinking “well those earnings aren’t as bad as expected, and there’s no...
Friends With good earnings from a couple of money center banks, JP Morgan and Wells Fargo, and a decent report from Johnson & Johnson , traders celebrated a nice beginning to what figures to be a challenging earnings season. Stocks spent the day in positive territory, though there seemed...
“For the stock market, 2015 is beginning to remind us of 2011‐ a lot of volatility and not much direction. Stocks are facing many headwinds, including, valuation, a tepid economic backdrop, suspicious corporate earnings growth, and the double edged swords of lower energy prices and a stronger dollar. These...
“For the stock market, 2015 is beginning to remind us of 2011‐ a lot of volatility and not much direction. Stocks are facing many headwinds, including, valuation, a tepid economic backdrop, suspicious corporate earnings growth, and the double edged swords of lower energy prices and a stronger dollar. These...
Friends A restructuring deal announced by GE this morning, which includes an enormous stock buyback, seemed to spark the animal spirits just a bit as stocks enjoyed a nice day of gains. Of note is that the Dow recaptured the 18,000 level and the S&P was able to close...
Friends Stocks were able to carve out some gains today, in what was a quiet news day economically speaking. The weekly jobless claims number was as expected and although Alcoa missed a bit on revenues and sold off some, the rest of the market was unaffected by the season’s...
Friends Stocks once again struggled to find direction today, and the somewhat confusing March FOMC minutes released this afternoon kept traders on the sidelines, clutching their buy and sell orders. Those Fed minutes indicated that there were some voting members who still think a June Fed Funds hike is...
Friends Stocks were quietly positive for most of the trading session today, as traders seem to be waiting for the beginning of earnings season to get more involved. After a nice opening, we experienced the dreaded drift and by the close had coasted back toward the flat line. Remember,...
Friends The disappointing non-farm payroll number that was released last Friday when the stock market was closed had futures traders wringing their hands over the Easter weekend. Indeed, stocks tumbled at the open of trading this morning, but quickly reversed in what seemed like a bad news in good...
Friends Stocks meandered in positive territory for most of today’s trading session, then this afternoon when news of the pending deal with Iran hit the tape, stocks rallied a bit more as oil prices fell. Yes, there seems to be some kind of cockamamie nuclear deal our government leaders...
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