Archive for category: Market Commentary

Odd Day For Stocks

Odd Day For Stocks

Friends Well, that was an odd day for stocks. With bond yields plunging early, recession talk was on the lips of market participants, and stocks tumbled into negative territory with the Dow down more than 200 points. The bulls clawed their way back to positive territory late in the...

Continue reading

Stocks End Higher

Stocks End Higher

Friends Stocks got off to a rip roaring start this morning with the Dow sporting a nifty 200 point gain shortly after the opening. But, as the morning wore on those gains eroded basically erasing the early morning advance. The bulls gathered themselves, however, and by the close were...

Continue reading

Stocks Absorb Headlines

Stocks Absorb Headlines

Friends   It was big day for news headlines, but stocks remained mostly unaffected. After Friday’s mess, it was interesting to see if stocks would follow through to the downside when trading started today. Also, it was interesting to see how the release of the Mueller report would affect...

Continue reading

Inversion Aversion

Inversion Aversion

Friends As soon as the yield curve inverted (3 month yields higher than 10 year yields) this morning, stocks took a tumble. One might even be led to believe that algorithms were in place to sell stocks instantly as soon as the yield curve inverted. Indeed, stocks tumbled early,...

Continue reading

Delayed Reaction

Delayed Reaction

Friends The bulls were disappointed in yesterday’s price action after the dovish FOMC statement, but were more than satisfied with today’s delayed reaction. Stocks gathered steam after a quick selloff at the open and tacked on some nice gains by the close. Nothing really changed from the day before,...

Continue reading

Additional Fed Dovishness

Additional Fed Dovishness

Friends I half expected Fed Chair Powell to conduct his post FOMC press conference from an aircraft carrier donning a fighter jacket, while declaring “mission accomplished”. Indeed, the normalization of monetary policy has apparently been achieved – at least for now. Today, the Fed made it clear that they...

Continue reading

Quiet Push Higher

Quiet Push Higher

Friends Although we don’t expect much to come out of this week’s FOMC meeting, it felt like market participants were in a wait and see mode today. Stocks did spend most of the day in positive territory but only modestly and without much conviction. But, at this point for...

Continue reading

5th Time is a Charm

5th Time is a Charm

Friends The fifth time was a charm. After 5 tries since the 4th quarter of last year, the bulls finally penetrated the 2800 (2815 level to be exact) on the S&P, and were able hold it into the close. The economic data was mixed with consumer confidence and job...

Continue reading

Copyright 2016 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.

Hand-crafted by Web Design The Woodlands - Design Squid

Top

Log in with your credentials

Forgot your details?