Friends Well, as expected, stocks drifted higher into the Thanksgiving holiday. A strong durable goods number and an upwardly revised 3rd quarter GDP number helped set the positive tone for stocks at the open. And, as was the case all week long, the market averages held the early gains...
Friends Stocks are drifting higher this week, but without much conviction as traders seem to have already headed out for the Thanksgiving holiday. We have seen a pattern where we post a modest gain at the opening and basically drift aimlessly for the next six hours. As for today,...
Friends Stocks begin this holiday shortened week with a nice rally today. The market averages moved up nicely at the open and basically held serve for the rest of the trading session. It’s not unusual for Thanksgiving week to be a good one for the bulls. Since 1945 stocks...
Friends Once again stocks experienced an early selloff, followed by a slow recovery, and finally a late dip. But, when all was said and done the damage to the market averages has been muted so far. Frankly, the pause that we are seeing this week might actually be one...
Friends We mentioned yesterday that we were going to get earnings reports from several retailers this week. Well, today’s results were mixed with both Kohl’s and Home Deport delivering disappointing results while TJX (TJ Maxx, Marshalls, and HomeGoods stores) delivered a report that pleased investors. We mentioned that many...
Friends Stocks looked like they wanted to add to Friday’s gains before the open this morning, but yet another report out of China about some trepidation that the Chinese are having with regards to a trade deal, deflated the enthusiasm. Stocks mainly hung around the flat line for most...
Friends Buoyed by positive comments about a trade deal with China (yes, I actually laugh a bit when I type it), stocks moved higher today in a somewhat quiet and deliberate manner. The trade deal with China headlines are almost a daily occurrence and thus the power of the...
Friends Despite a plethora of comments from Fed officials this week, not to mention the beginning of impeachment hearings in the House, stocks have been very quiet all week long. Yes, there have been a few ebbs and flows, but in the end the dilemma that we spoke about...
Friends Simultaneously we had the first day of impeachment hearings and Fed Chair Powell testifying on Capitol Hill. Neither seemed to stimulate any trading direction on Wall Street. Stocks meandered along and were slightly positive before a Wall Street Journal report that Phase 1 of the China trade deal...
Friends It was another very quiet trading session with mixed results once again. The bond market was back open today, but that didn’t seem to make much of a difference. The President gave a speech focused on economics, but that didn’t seem to fire up any animal spirits either....
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