Friends Another great round of earnings this morning led by McDonalds sent stocks higher at the open, but as we have seen of late, that didn’t last. Stocks reversed course as the trading session wore on, and by the close we finished the last day of April in the...
Friends A better than expected (but not really great) GDP number and ridiculously good corporate earnings still didn’t cheer up the stock market today. As we have mentioned we appear to be in a good news is “bad” news phase. It’s not like we are experiencing severe selling pressure,...
Friends It was another day of great earnings reports and shaky price action. Boeing lit up the morning with a stellar earnings report which helped the market post gains at the open. But that advance lasted no more than minutes before prices were tumbling once again into negative territory....
Friends Stocks suffered an ugly reversal today as market participants are concerned about interest rates, earnings peaking and an economy that might have seen its best days for a while. First, we finally broke the 3% barrier on the 10 year Treasury note this morning. That on its own...
Friends Buckle up. It’s going to be a big week for earnings. Today’s action was mixed as stocks were higher early in the day, but tilted to the negative in the afternoon part of the trading session. The 10 year Treasury Note yield flirted with 3% early in the...
Friends Another tick up in rates, along with the beating that Apple shares took for the second day in a row, set the tone for another down day in stocks. As the day wore on, buyers seemed to disappear leaving sellers on their own. Earnings continue to be good,...
Friends With a little whiff of inflation, bonds sold off just a bit this morning which got the attention of the stock market. Stocks sold off, led by a big drop in the price of consumer staples, namely P&G, Clorox, Altria (Philip Morris) and others. With the uptick of...
Friends The lack of volatility today had me checking my screen to make sure it was working. Since February, we have seen massive volatility both from day to day and intraday, so day’s like today stand out for being quiet. Earnings continue to trickle out and as we mentioned...
Friends Stocks enjoyed another nice advance today, buoyed by good corporate earnings and the absence of distracting headlines. We are believers that this is going to be a good earnings season, and though it is very early (the bulk of the S&P’s earnings will be released over the next...
Friends In my best Johnnie Cochran imitation – “after the missiles fly, you must buy”. The missiles did fly on Friday evening, as the President approved a targeted Syrian bombing mission, but by the opening this morning market participants had earnings season on their mind. As we have...
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