Friends The bulls were content to sit on their gains as the quarter came to a close today. Market participants will be keeping an eye on developments coming out of the G20 meetings over the weekend, but as we look into the second half of the year (can you...
Friends As we mentioned yesterday, in addition to pausing to see what happens at the G20 meeting in Japan, stocks seem to be cautiously navigating the waters into quarter end. Today’s trading session saw little volatility, with the broader market doing better than the Dow, which was dragged down...
Friends If you weren’t yet convinced that stocks are moving simply based on expectations that the Fed is going to begin to cut interest rates as soon as the July FOMC meeting, then today’s action should be all you need to see the light. Late in the morning St....
Friends Well, after all the fireworks last week concerning the Fed and cutting interest rates, not to mention China trade talks and Iranian tensions, today was one of the quietest trading sessions of the year. Stocks traded slightly higher early in the session, but in the end simply coasted...
Friends And on the last day of the week the bulls rested. After a hectic week of trading which saw stocks rally to new all-time highs, today’s market action was quite muted. The bulls did attempt a couple halfhearted buying waves, but when all was said and done, stocks...
Friends Market participants slept on it last night and decided that FOMC statement and Chair Powell’s comments yesterday were dovish enough to stir “don’t fight the fed” sentiments. Remember, the Fed would not embark on a round of interest rate cuts if everything was wonderful. Rate cuts occur to...
Friends First things first- the Fed did not cut the Fed Funds rate today. Ok, we were right about that. What the Fed did do today was grease the skids for a rate cut as soon as the next meeting in July. Citing trade war concerns and lack of...
Friends Nothing like jumping the gun. Stocks rallied mightily today on hopes that the Fed is going to begin to cut interest rates as soon as tomorrow, and on a tweet from the President that he had spoken to Chinese President Xi. Add in departing ECB head Draghi’s dovish...
Friends It’s Fed week. The Fed’s Federal Open Market Committee (FOMC) meets tomorrow and Wednesday to decide what direction monetary policy will go, and market participants are watching and waiting intently. The narrative is that stocks have rallied in recent weeks in anticipation that the Fed is going to...
Friends Today’s retail sales number, ex-autos, was actually pretty good- and better than expected. Regardless, stocks simply had another very quiet day with just a little bit of volatility. By the close, the Dow Jones Industrial Average was down 17 points to finish the day at 26,089. The S&P...
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