Friends Despite all the political headlines, the stock market seems to be totally disinterested at the moment. Today’s action saw very little movement in either direction as traders continue to monitor the balance of the earnings season, an FOMC meeting which begins tomorrow and concludes on Wednesday, and a...
Friends Today marks the anniversary of the crash of 1929. Contrary to popular belief, I was not in the business at the time. As for today’s action, well, let’s just say it was another interesting day. First, we got a better than expected first look at 3rd quarter GDP...
Friends Another day, another round of earnings reports moving stocks. After the close yesterday Apple beat analyst’s estimates, but after the recent rise in its share price it was not surprising to see some profit taking. On the positive side it appears that Boeing shares were not over owned...
Friends Earnings are the story, and in some cases it is somewhat of a Halloween horror story. There were a couple better than expected reports given lower expectations like P&G and Lockheed Martin, but more frequent were the disappointments of the likes of Under Armour, Whirlpool, Sherwin Williams, MMM,...
Friends Deals, earnings reports, Fed speak and the final weeks of the presidential campaigns. Markets had a lot to chew on today and for the most part market participants looked at the bright side of the proceedings. The AT&T deal to buy Time Warner led the news, but it...
Friends Yes, we only have early returns, but so far earnings season is off to a good start with nearly 80% of the companies that have reported so far beating estimates. Again, we still have a majority of companies still to report, so we won’t get too excited just...
Friends Stocks did not get off to a very good start for the week as earnings season is about to kick into high gear. There was a negative tone to trading even before the opening bell as stocks spent the day wallowing in negative territory. After the close we...
Friends Better than expected earnings reports from financial giants J P Morgan Chase and Citigroup helped set a positive tone at the opening bell this morning as stocks rocketed to early morning gains. As the day and trading session wore on many of those gains disappeared, but the bulls...
Friends As we have mentioned lately, volatility is definitely back. Stocks plummeted right from the opening this morning, culminating in a 184 point Dow loss, before the bulls stepped in and did some buying. By the close, stocks had recovered to eliminate most of the early gains, as important...
When one contemplates the choices that we have in this unbelievably crazy political contest for the presidency of the United States, one might tend to ask oneself “is this the best we can do”? This is a question we certainly can ask about politics, but on the economic and investment front we might be able to ask the same question. Click the link below to read our full comments. 2016 4th Quarter Outlook
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