Quiet Day/Mixed Results

Friends All was quiet on the political front (well, kind of anyway), and all was quiet on the stock trading front also. The only economic data point that we got today was the February Pending Home Sales Index number which came in much higher than expected and should signal...

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Political Wrangling

Friends Stocks were all over the map today as wrangling over the health care bill among Republicans continues. When it looked like the vote would happen and that the White House might have had some success persuading the Freedom Caucus to get on board, stocks were nicely in positive...

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Calm Despite Headlines

Friends Political wrangling over the proposed health care bill as well as a terrorist attack in London dominated the headlines. Stocks traded down early, continuing yesterday’s selloff, but by mid-morning the market averages reversed those losses and the rest of the day was spent near the breakeven level. A...

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Politics Weighs On Stocks

Friends Fears that the GOP can’t get together to get its own health care bill passed in the House (remember, all they need is their own party members to pass it), contributed to an uneasiness that was building since yesterday’s House Intelligence Committee testimonies. Market participants appeared to be...

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Politics Bores Market Participants

Friends It was another day of political theater which once again seemed to distract market participants more than it affected their trading choices. For the most part, stocks drifted aimlessly while the FBI Director and the NSA Director answered questions before the House Intelligence Committee. More than causing market...

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