Friends Stocks rallied on this last day of August, which helps the market averages actually show gains for August (which is often a difficult month for stocks). Though we continually get headlines that would concern even the most optimistic investor, it appears the path of least resistance is higher....
Friends It has been several very trying days for our great city, and I hope all of you are well. The markets have been mostly quiet this week. The North Korean’s launched a missile over Japan on Monday afternoon, and stocks sold off early on Tuesday morning, but recovered...
Friends You know the old saying, the talk of tax reform cooperation giveth and the the talk of government shutdowns and debt ceilings taketh away. After yesterday’s healthy rally, stocks gave a portion of it back as much of the “good feelings” somewhat melted away. By the close, the...
Friends Well, today’s stock market rally was a bit of a surprise. Just the hint that there might be some meeting of the political minds with regards to tax reform seemed to fire up the animal spirits (or scare the shorts a bit) of market participants. Whatever the reason...
Friends By the looks of the market action today, everyone must have been out watching the eclipse. Stocks drifted aimlessly for most of the trading session, as for one day at least, we didn’t have any major political headlines. We are moving into a quiet time as earnings season...
Friends Another day of political headlines. I considered just ending the email right there. I know I’m exhausted with it all, but nevertheless the markets trade on. After being down about 100 Dow points, the news of White House aid Steve Bannon’s dismissal sent stocks back into positive territory...
Friends Terrorism in Barcelona, White House Intrigue, technical omens- all too much for the markets to take today. Stocks were sold at the open and things got worse as the trading session wore on. Traders have no idea what political headlines they will have to deal with on a...
Friends Despite more political theater (that never ends) and the Fed minutes that indicate that the FOMC is ready to start reducing the balance sheet (sell bonds) next month, stocks still held their ground. The White House turmoil did take the winds out of the sails of a small...
Friends Stocks were quiet for much of the trading session as things were “relatively” calm on both the geopolitical front and also on the domestic front. Home Depot’s earnings were better than expected and they raised their outlook going forward, but the stock suffered anyway and was a major...
Montgomery County students from K-12th grades will benefit from United Way’s Project Undercover, a drive for new socks and undies. Students without clean clothes often miss school, Project Undercover makes it possible for lower-income students to wear brand new socks and underwear when they begin the school year,...
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