Friends As you know, tariffs are the Presidents favorite blunt instrument to influence behavior, but markets aren’t particularly fond of them. The President’s threat to impose tariffs on Mexico if they don’t become more active/helpful in the immigrant crisis sent stocks tumbling down. For the day, the Dow Jones...
Friends Jim is out of the office this afternoon, here are how the markets ended. For the day, the Dow Jones Industrial Average was up 43 points to finish the day at 25,169. The S&P was up 5 points to close at 2,788. Gold was up $6 to trade...
Friends The correction in stocks that we referred to yesterday was in full view today as headlines about the Chinese playing hardball and the Special Counsel Robert Mueller’s press conference, where he seemed to embolden the Democrats to seek impeachment proceedings, weighed on the market psyche. But, perhaps more...
Friends Whether it is because of trade war consequences (likely) or simply that stocks are too expensive (not necessarily), stocks are experiencing a correction. We have many times in the past referred to market action as our guide as to just what we are experiencing at any given moment...
Friends, Jim is out of the office this afternoon, here are how the markets ended. For the day the Dow Jones Industrial Average was up 96 points to finish the day at 25,587. The S&P 500 was up 3 points to close at 2,826. Gold was down $1.20 to...
Friends Stocks tumbled today as tensions heightened over the trade war situation developing with China. Market participants have been hesitant to buy over the past several weeks, and the developing clouds continue to darken. The market did recover some from its lows, but for the day the Dow Jones...
Friends More retailers releasing earnings including Target, which was really good, and Lowe’s which was not. In addition to news about retailers we got the release of the Fed minutes today and it appears that the FOMC’s biggest concern is the lack of inflation. The minutes indicated that they...
Friends Mixed earnings reports from retailers failed to temper the enthusiasm of the bulls today, quite the opposite of yesterday. Despite the mixed message from the retail sector, trade headlines or sometimes the lack thereof seems to be much more important to traders at this point. The feeling is...
Friends It was a somewhat soft beginning to the week for stocks, as more than real selling pressure, there simply does not seem to be much of an appetite to buy. The continuous drumbeat of trade war headlines continues to weigh on the markets collective psyche while economic data...
Friends Stocks were once again confounding the bears after another early morning selloff was erased with a late morning rally. The market averages then drifted aimlessly for several hours before another report (I know, I know) indicated that talks with China have stalled once again. Look, traders can attempt...
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