Friends What a quarter. Political turmoil, recession fears, trade wars, Fed indecision/confusion, daily headline risk and never-ending market moving tweets. Good grief, how much did the market suffer? Well, actually, after all was said and done both the S&P 500 and the Dow Jones Industrial Average were both up...
Friends Stocks ended lower, but without much conviction. The revised GDP number came in exactly the same as the previous revision, up 2% for the 2nd quarter of the year, and the pending home sales number was better than last month. Once again, on the economic front, though not...
Friends While impeachment and phone call transcripts were occupying the headlines, stocks reversed an initial selloff to post nice gains, as market participants are seemingly becoming numb to political machinations. Obviously, no one knows for sure what the results of impeachment proceedings will be, but I’m guessing you know...
Friends Ok, I get back in the saddle today, and it’s UN speeches ,calls for impeachment, whistleblowers, phone calls with Ukraine, and slipping consumer confidence numbers- and that was all before lunch. Needless to say, stocks were all over the place with the Dow experiencing a 360 point...
Friends Since I left for the week the Saudis were drone bombed, the Fed cut the Fed Funds rate but left market participants a bit confused and dissatisfied, and the President has rifled out 437 tweets (OK, I made that up, but I’ll bet I’m close), yet stocks are...
Friends It was another rather quiet day of trading for stocks despite the selloff in bonds. Once again interest rates were on the rise (I know 1.90% doesn’t sound like much, but considering the 10 year Treasury note was at 1.45% just a couple of weeks ago, that is...
Friends There were reports of easing of tensions between China and the United States which sent stocks on a little rally early in the trading session, then a denial from the White House, sent stocks back into negative territory. But a selloff in the bond market (rates higher) helped...
Friends Stocks enjoyed a nice rally today, perhaps fueled by continuing weakness in the bond market. The drift higher of interest rates seems to have helped alleviate the “recession is looming” fears, and today’s PPI number was meek enough to keep the Fed firmly on track for a rate...
Friends It was another very quiet day for stocks, but bond yields continued to rise as they have for the past few trading sessions. Today the 10 year Treasury Note dipped in price as the yield climbed to 1.72%. That may not sound like a lot, but those yields...
Friends It was a very quiet first trading day of the week. Stocks got off to a decent start at the open, but as the trading session wore on it appeared that neither the bulls nor the bears had much interest in participating. The Fed meeting next week will...
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