Friends Well so much for the dog days of summer. August was a tremendous month for stocks as measured by the market averages. Yes, some stocks were much more fortunate than others, but considering the headwinds that the markets faced, it was another impressive monthly performance. As for today,...
Friends With the Fed standing firmly by their side, the bulls continue to push stocks higher. Yes, the economy has recovered somewhat, but news from the airlines and companies like Coca-Cola continue to shine a light on what is likely to be a longer term concern. Companies will combat...
Friends Jerome Powell reminded us that the Fed is all in. In his speech this morning, the Fed Chair indicated that the Central Bank will moderate its view of inflation, should it rear its ugly head, and that interest rates are going to remain at zero for a long...
Friends Stocks continue to grind higher with big tech names leading the way. You know the names, Apple, Microsoft, Amazon, Facebook, Google and of course Tesla. The breadth was decent, with the exception of energy names, but the move in general was somewhat calm in nature. We continue...
Friends Stocks gave up an early rally and spent most of the day in negative territory. But, as the trading session wore on stocks strengthened and in the end, only the Dow closed in the red. I had mistakenly mentioned that Apple was splitting today, but it actually will...
Friends Tesla and Apple were strong out of the gate this morning, but as the trading session wore on, they handed the baton off to the rest of the market and a nice broader advance ensued. Apple actually has its stock split after the close today so it...
Friends It’s a battle between Tesla and Apple to see which stock can get more ridiculously overbought. That’s not a comment on the companies themselves. They are fine companies and make great products. But, Tesla’s market cap is now more than 4 times bigger than all the other...
Friends Stocks fought their way higher today despite no real good news. The unemployment picture continues to be horrific, as the disconnect between Main Street and Wall Street continues. But, as we know, there is a lot of liquidity in the markets and a lot of cash on...
Friends We saw more good retail numbers from Target and Lowe’s. It’s not really surprising that the stores that were deemed essential and were allowed to remain open during quarantine have been the beneficiaries of consumer dollars, but having said that there are a handful of retail names...
Friends Despite some amazingly good retail news from both Walmart and Home Depot today, it was the big cap tech names that were the stars of the day, as Amazon, Apple, Google and Microsoft all pushed higher. Both Walmart and Home Depot had been trading at all-time highs going...
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