Friends Not that Apple, Facebook, Amazon, Microsoft and Google represent the dark side of the force, but in recent times they have represented the Empire, basically carrying the market averages in 2020 and prior years. But, as we have seen, these market leaders have seen quite a bit...
Friends Interest rates have been rising for months now, but have accelerated to the upside in the past few days. Remember, the 10 year Treasury note was as low as .50% last year, but today we saw that yield rise to nearly 1.60% at one point. Sure, 1.60%...
Friends Wow, it was another day of wild trading. After being down sizable in early morning trading, stocks recovered to post impressive gains by the close. It was a day of strange bedfellows with the crazy stocks like GameStop getting a second wind (or is it more like...
Friends What a wild day for stocks. We saw high flyers tumbling out of the sky, Fed Chair Powell reminding everyone that the Fed is still firmly in a dovish sense, and some of those boring old companies that some of us old guys tend to gravitate towards...
Friends In recent weeks, we have seen a bit of a shift from growth to value, a rotation if you will, in the stock market, and today was the most pronounced example of that rotation. While the Dow showed modest gains, we saw quite a bit of selling...
Friends The week from hell here in Texas is almost over. As for the markets, things were a bit choppy today as the market averages struggled to show any real direction. Market participants are focusing their attention back on vaccines and economic reopening. With that in mind shares...
Friends If you want to understand why the financial markets are difficult to oversee and why Congress has such a difficult time designing legislation to do so, today’s Committee on Financial Services zoom testimony with the GameStop situation players was essential to that education. Simply put, very few...
Friends Boy, it has been a quiet week. Yesterday the Dow was up a bit and the S&P was down a tad, and today it was just the opposite. New issues continue to pop (Bumble today), SPACS continue to be formed and craziness in pot stocks is this...
Friends It was a choppy and somewhat directionless day of trading, as stocks dipped into negative territory early in the trading session, pushed into positive territory midday, only to falter towards the close. There was no real market moving headlines, hence the lack of volatility and direction. But, a...
Friends It was a quiet day on Wall Street. Volatility was muted and market participants didn’t seem too interested in making any waves as stocks simply drifted slightly higher or slightly lower throughout the trading session. By the close, the Dow Jones Industrial Average was down 9 points to...
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