Friends Stocks coasted into the end of the quarter on fumes, as the political events of the past couple of days seems to have distracted traders away from the markets. Since the Fed move on Wednesday, there hasn’t been any real catalyst to excite the bulls or the bears. ...
Friends Were they trading stocks today? I was completely engrossed with testimonies on television. But yes, stocks did trade today with a slight upward bias. By the close, the Dow Jones Industrial Average was up 54 points to finish the day at 26,439. The S&P 500 was up 8...
Friends As expected, the Fed did raise the Fed Funds rate by a quarter of a point. The rate now sits at 2%-2.25%. The other interesting thing about today’s Fed statement is the removal of the term “accommodative”. The Fed finally feels that they have removed themselves from an...
Friends It was a struggle for stocks today as the bulls seem willing to pause while we wait for the Fed decision on rates (they will raise the Fed Funds rate tomorrow). In addition to the Fed decision, trade war fears still seems to be the one thing that...
Friends Word that there would not be any trade talks with the Chinese this week had stocks lower in early morning trading. By late morning, additional White House intrigue sent stocks, other than Nasdaq, an additional leg lower. We know that we are susceptible in the short run to...
Friends Stocks reached all-time highs today, as both the Dow and the S&P 500 soared to new heights. So much for concerns about trade wars and rising interest rates (the Fed will surely raise the Fed Funds rate at next week’s meeting). Instead, the bulls seem to have everything...
Friends Another interesting day in the markets led by another day of rising interest rates on the long end of the curve. The 10-year Treasury Note moved up to 3.07%, while the 30-year worked its way to 3.22%. I know, it doesn’t sound like that big a deal, but...
Friends So, let me get this straight. Every rumor or report that tariffs are about to be imposed by the White House sends stocks down for a quick dip. Then, when actual tariffs are announced and China retaliates, stocks rally. Ok traders, try to trade that. Indeed, despite...
Friends Stocks were weak today, especially the Nasdaq which was affected by losses in Amazon and other big name tech and momentum stocks. Traders are on pins and needles waiting for the Chinese tariffs that they are anticipating. There is to be some announcement after the close, but suffice...
Friends Political headlines ,tariff talk, a major storm ravishing the southeast coast, and a rather weak retail sales numbers caused traders to be somewhat stagnant as stocks vacillated between negative and positive territory during today’s trading session. By the close, the Dow Jones Industrial Average was up 8 points...
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