Archive for category: Market Commentary

Mixed Messages

Friends  After yesterday’s rally, stocks were vulnerable to any type of negative news. After a soft opening, stocks rallied on news that the President was feeling like a deal with China could get done this weekend, should he feel like dealing. But almost immediately after that it was discovered...

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Powell Delivers

Friends  It appears that all Fed Chair Powell had to do was give the Fed a little leeway with regards to future rate hikes, and the bulls would run again. In his presentation to the Economic Club of New York, the Fed Chair delivered the slightly more dovish view...

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Bulls Hang Touch

Friends  After stocks had posted nice gains to begin the week, yesterday just at the close, came news of a Wall Street Journal interview with President Trump where he reiterated his intentions to go forward with tariffs if things don’t go well this week with the Chinese. In addition,...

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Another Difficult Start

Friends  It was another difficult start to a week, as stocks slumped early and continued to lose altitude throughout the trading session (except for a quick bounce at 2:00). Today’s Housing Market Index report showed considerable weakness as future sales are being hindered by rising mortgage rates. On Wednesday...

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More Weakness

Friends  Well, it was another volatile day for stocks and early gains turned into sizable losses, only to see the losses erased and so on…  Continued weakness in shares of Apple illustrates how the market leaders have been taken to the woodshed over the last 6 or 7 weeks....

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