Friends A perceived cooling of trade tensions with China mixed in with a slight tick up in interest rates was the right recipe for a nice rally in stocks. Again, these headlines are day to day, and not to be acted upon, but for market watchers they are nothing...
Friends Yields on bonds fell this morning which spooked the stock market at the open, but the bulls rallied the troops and stock buyers appeared and drove sticks higher by midday. Trading was quiet in the afternoon, but the bulls can be encouraged that they were able to...
Friends The President and folks in his administration spent the weekend attempting to do some damage control with regard to Friday’s developments in the market. By the reaction in stocks, it appears that they were at least marginally successful- for a day anyway. Stocks rallied at the open and...
Friends Everything looked to be just fine. Despite the Chinese announcement of additional tariffs (which sent stock futures lower right before the open), Fed Chair Powell’s opaque speech at Jackson Hole seemed effective enough to settle things down, and by about 9:15 stocks had actually worked their way into...
Friends Stocks had a nice bounce back day after yesterday’s less than stellar showing. This morning’s catalyst was more strong retail sales and earnings reports from Target and Lowe’s. Yes, it’s true, not all of retail is doing well at the moment (see Macy’s and JC Penney), but those...
Friends Bond yields fell some today, and then stocks fell some today. That’s been the pattern for several days- if rates rise so do stocks, and when rates fall stocks fall with them. The stock and bond market have been telling different stories for years now, but at the...
Friends Stocks had a nice opening this morning and basically held those gains for the rest of the trading session. For the bulls, this was a nice follow through to late last week’s rally. The catalyst this morning, similar to last Thursday and Friday, was interest rates ticking up...
Friends Stocks got off to a nice start this morning and basically held serve for the remaining of the trading session. The main catalyst for the rally appeared to be the slight move upward in interest rates, easing the consternation that market participants were feeling about plunging interest rates...
Friends Stocks went up today, then they went down today, then they went up today- well, you get the picture. Actually, a super earnings release from Walmart helped turn what looked like a negative open this morning into a positive one. Of course, Macy’s disastrous report yesterday caused pundits...
Friends Stocks took a beating today fueled by lousy economic numbers overnight in Germany and China, and a yield curve inversion in the closely watched 2/10 year Treasury note spread. Now, late in the day the actual spread is not inverted (the 2 year is at 1.58% while the...
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