Friends Stocks had quite a roller coaster ride today as traders seemed to spend the day chasing oil prices and junk bonds. As we mentioned on Friday, the collapse in oil prices is putting huge stress on the high yield “junk” bond market, as debt of energy companies does...
Friends There is a lot to discuss today, but since it’s Friday I will try to keep it short. We can expand on it all next week when the Fed is scheduled to meet. Today’s downturn in stocks was fueled by a drubbing in the high yield debt markets...
Friends Once again it was a volatile day for stocks, but today the bulls were able to emerge with the victory. Stocks spent time in both positive and negative territory once again, and despite lower oil prices, energy shares provided much of the upside in the market indexes. By...
Friends As we get nearer to the end of the year, volatility seems to be picking up. Stocks began the day in negative territory only to turn on a dime and head north when the price of oil did the same. The Dow raced to a nearly 200 point...
Friends Stocks continued to follow oil lower this morning as the Dow posted a formidable 245 point loss by mid-morning while oil was sporting a 36 handle. But as oil finally bounced, stocks staged a bit of a rally recovering a good portion of the earlier losses, only to...
Friends What a reversal of fortunes. After the difficulties of the past few trading sessions, stocks enjoyed a banner day today, fueled by a better than expected non-farm payroll number and an indication from ECB President Draghi that he still has his bazooka armed and ready should the need...
Friends It was a difficult day for stocks and bonds as basically both had everything lined up against them. The early day market mover was ECB President Mario Draghi and his over promising and under-delivering. Yes, he did ease as expected but only provided a 10 basis point lowering...
Friends As another mass shooting is unfolding in California, it is difficult to even discuss the markets, but I’ll do my best. Stocks were quietly in negative territory before Janet Yellen’s midday speech, but drifted a bit lower after it ended. Then once word of the shootings in California...
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