Friends As you know we’ve had quite a day of weather here in the Houston area. Well, we had quite a day in the markets as well. A nearly 300-point gain in the Dow turned into a double digit loss by mid-afternoon. We haven’t seen a reversal like that...
Archive for month: January, 2018
Runaway Train
Friends The melt up continues. Stocks were up once again today, and it feels like we are all aboard a runaway train. Hopefully, you had a chance to read our quarterly outlook that we sent out yesterday, so I won’t belabor the point, but investors are reacting to a...
2018 1st Quarter Outlook
“Nothing seemed to be able to slow down the raging bull, not domestic politics, not global political intrigue, not even valuation concerns.” Click the link below to read our full comments. 2018 1st Quarter Outlook
Stocks Down- a little
Friends The bears had the upper hand for a short while this morning as stocks fell about 100 Dow points, but the bulls chipped away at the losses and by the close had whittled away most of the damage. Worries that the Chinese will no longer be buying our...
Inching Higher
Friends The market was open today so that must mean the bulls had fun. Yes, I’m being facetious and also yes, stocks were higher again today. Now, with interest rates edging higher, rate sensitive stocks (utilities, telecom and some staples) didn’t join in on the never ending party, but...
Stocks Quietly Mixed
Friends After last week’s explosive start to the new year, traders appeared a bit more reserved as a new week of trading begins. With all the jobs data behind us, market participants will now turn their attention to upcoming earnings season. Indeed, after the type of rise we have...
The Records Continue
Friends Another day, another set of record closes for the market averages. Despite a jobs number that came in a little light, the animal spirits continue to be heightened. The bears have just about lost their minds at this point, while the bulls just continue to ride the wave....
Dow 25,000
Friends While the northeast endures a viscous snowstorm and cold temperatures, stocks continue to be on fire. Once again, another milestone was achieved (today we crossed the Dow 25,000 mark) and with a strengthening economy, corporate earnings juiced by tax reform, low inflation, elevated consumer confidence, continued low interest...
Rally Continues Despite Political Drama
Friends Thanks goodness things are quiet on the political front. We wouldn’t want this amazing market rally to be interrupted by inflammatory headlines or crazy tweets. So far 2018 seems to be an extension of 2017. Stocks continue to climb higher as many Dow components picked up analyst recommendations...
Stocks Start New Year On A High Note
Friends After last Friday’s odd, headline driven, last minutes drop in stock prices, the buyers were back in action today. Proclamations of what will work in 2018 were abundant on the business cable news channels, but today’s winners looked similar to the winners we have seen for some time....
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