Friends The talks are off! The talks are still on! As headlines flashed about the Canadian trade talks stocks vacillated back and forth but mainly in negative territory. We’ll let all the trade talks work themselves out, and in the interim we’ll take a moment to tip our cap...
Friends The bulls took a breather today as stocks, other than Apple and Amazon, spent the bulk of the trading session in negative territory. Weakness in emerging markets and Chinese tariff talk were the main culprits with regards to the negative bias for stocks. By the close, the Dow...
Friends Worries that the 2nd quarter GDP number would be revised downward were overblown as this morning’s release showed the number actually increased from 4.1% to 4.2%. Stocks responded with a good day for the bulls, led by the Nasdaq which was up nearly 1% for the day. Good...
Friends Stocks are breaking through resistance levels which has to be a disturbing development for the bears. Before the actual announcement of a new trading deal with Mexico, stocks had already had a good start to the trading session. As the President conducted a televised conference call with Mexican...
Friends Stocks struggled from the get-go this morning and the bulls never bothered to get involved as the trading session wore on. Market participants will be monitoring the comments of Fed Chairman Powell from Jackson Hole, Wyoming tomorrow, to determine whether the strong series of economic data we have...
Friends It was a mixed day for stocks with the Dow and the S&P a bit lower while Nasdaq was up a little. Market participants spent the day trying to digest all the political news that broke yesterday afternoon. The takeaway seems to be that we’ve dealt with political...
Friends More rumors that various trade negotiations, including with Mexico, might be moving forward once again helped stocks add to yesterday’s gains. Stocks were slightly weaker at the opening, but moved higher in the afternoon portion of the trading session. By the close, the Dow Jones Industrial Average was...
Friends Word that negotiations with China on trade are scheduled sent stocks higher today. From the lows of yesterday to the highs of today we saw quite a swing in the favor of the bulls, not only in price but in sentiment. As we have seen for the past...
Friends Well, back down we went today, although things did improve in the later part of the trading session (the Dow had been down more than 330 points earlier in the day). The strength in the dollar not only hurts those overseas, but it also has an effect on...
Friends Stocks bounced back today as the contagion worries abated- at least for one day. Even though the shares did not react that well, Home Depot had a strong earnings report which seemed to push market participants to consider the retail sector. It’s been a good year for retail...
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