Friends Weak economic data, less than stellar corporate earnings, and of course most of all the continued spreading of the coronavirus headlines, all weighed on the markets today. It’s not surprising that stocks are down today given the global economic damage the virus can cause. What actually is surprising...
Friends Despite one unnerving coronavirus headline after another, stocks actually fought off all the worries and concerns to end higher for the day. The headlines were taking effect throughout the trading session, sending stocks lower wave after wave with the Dow down by 244 points at its worst, but...
Friends Stocks staged several rallies today, but in the end it was much ado about nothing. As is often the case on Fed day, traders weren’t sure how to react to the FOMC statement and Chairman Powell’s Q&A. It seemed apparent that the Fed continues to take a dovish...
Friends Market participants decided that yesterday’s dip in stock prices created a bit of a buying opportunity, or we just saw a bit of a technical bounce off of yesterday’s action. Either way, stocks were able to erase some of the losses from the previous two trading sessions. By...
Friends Uncertainty over the coronavirus understandably has the markets a bit unsettled. The longer the crisis takes to unfold and hopefully resolve, the more damage can and will be done to the global economy. As we have talked about, stocks, having had such a great run, are certainly not...
Friends Stocks finally succumbed to the stress of the coronavirus rumors and reports, and after an early morning rally, fell decidedly into negative territory. Earnings have been about as expected so far, and of course we are going to get a bevy of reports over the next two weeks....
Friends Stocks tried to go down today, they really did. For a good portion of the trading session, the bears had the upper hand. Worries about the coronavirus, people eating bats and stock valuations had the bulls backing away from the table. But, as the trading session wore on,...
Friends Stocks did try to move higher most of the day, but virus reports and simple buyers’ exhaustion finally set in. Earnings from IBM, Johnson & Johnson and Netflix were fine, but not exciting enough to effect the markets. It will be interesting to see, given the rise in...
Friends The bulls seem to have gotten their rest overnight, because they were in a buying mood today. Stocks started the day to the upside and the buying continued throughout the trading session. The proceedings in the Senate with regards to the beginning of the Impeachment process didn’t seem...
Friends Stocks were celebrating along with the President during the China Trade Deal signing ceremony, but as the afternoon wore on, buyers seemed to run out of gas. More than a sell the news event, it appeared that the buyers had already used up most of their energy, and...
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