Friends What a year! After the craziness that was 2020, it is not surprising that the market, and market participants, seemed just about out of gas as the finish line was crossed. But, stocks were able to rally late in the day to post a nice gain by...
Friends The Santa Clause rally got back on track today, but there still seems to be little conviction as traders hold on for dear life till year end. Stocks began the day higher and did hold onto the gains throughout the trading session, though as mentioned there didn’t seem...
Friends Things started off well, with stocks breaking to new highs in early morning trading. But, as the day wore on things began to unravel just a bit and sellers began to take some well-deserved profits. So, for a day anyway the Santa Clause rally was derailed. ...
Friends Frist of all, I hope everyone had a nice Christmas. Now, as for the markets, Christmas Eve was the first day of the fabled Santa Claus rally and we did see the market averages end slightly higher last Thursday. Today, day 2, saw stocks do even better. The...
Friends For those of you who have been with us for a while you may remember me talking about the Santa Claus rally back in 2008. Well, actually I was pleading for a Santa Claus rally back in 2008 as you may remember, as we were in the...
https://www.youtube.com/watch?v=sH7FyZzVMkU
Friends Well, it wasn’t so much “sell the stimulus package news” as it was fear of a new virus strain in the United Kingdom that sent stocks lower at the open this morning. Things did recover some throughout the day but by the end of the trading session only...
Friends It was a difficult day for stocks as the weight of Tesla being added to the S&P 500 and the never ending stimulus talks took a toll on the market averages. First, Tesla being added to the S&P 500 is like putting a whale in a lake. Adding...
Friends Despite another disappointing and actually quite disturbing weekly jobless claims number, stocks once again pushed higher. Again, we are hearing that a stimulus deal is in the works, and that is likely continuing to be a tailwind for stocks. So, not surprisingly during a period that is typically...
Friends The Federal Reserve concluded its final FOMC meeting today and the result was not unexpected. There was no change in interest rates and the indication from the release is that the Fed Governors don’t see an increase in interest rates by the Fed for at least 2-3...
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