Friends It was a good finish to the quarter and first half of the year for the bulls. Though the NASDAQ didn’t participate in today’s move higher, the S&P and the Dow both tacked on some gains on this last trading day of June. By the close, the Dow...
Friends Hot, hot, hot would best describe the economic data we got today. It’s probably no surprise that we are seeing record highs in home prices, but in addition to the boom in home prices we saw a better than expected rise in consumer confidence. The reopening has consumers...
Friends After last week’s move higher in stocks, today’s action had a little more selectivity to it. The Nasdaq buoyed by tech names was today’s winner, while the Dow weighed down by some lagging industrial and energy names was today’s loser. It is not surprising that the overall tone...
Friends The bulls finished off a good week of trading-totally reversing last week’s losses. Some dynamite earnings from Nike may have given market participants a glance at what we have in store as earnings season kicks off in a couple of weeks. We are likely to see companies report...
Friends It was a very good trading session for the bulls and nearly every sector of the market participated in the move higher. The move higher was already firmly in place by the time the President announced that a smaller bipartisan infrastructure deal had been hammered out, but stocks...
Friends It was a very quiet day of trading, reminiscent of the pattern we were seeing before last week’s FOMC meeting. Stocks tried to stay in positive territory during most of the session, but the buyers seemed to disappear in the last 20 minutes of trading. By...
Friends Things got off to a shaky start this morning as crypto currencies were tumbling before the opening bell. But, after the market averages experienced some minor losses in early trading, crypto currencies rallied and the bulls stepped back into stocks. It was a modest move but at...
Friends It was a difficult day and a difficult week in general for stocks. St. Louis Fed President Bullard spoke in a more hawkish tone this morning in an interview on CNBC, and with market participants already feeling a bit confused/jittery about things, that was all that was needed...
Friends There seems to be some confusion in the markets since the release of yesterday’s Fed statement. The first reaction in bonds was for prices to move lower while yields moved higher – interpretation being that inflation is going to continue to be hot and interest rates will have...
Friends The Fed’s FOMC statement did illicit a response from the both stocks and bonds, but in reality the Fed Chairman really didn’t indicate that the central bank’s monetary policy is going to change any time soon. Yes, the Fed did acknowledge that inflation is a current issue, but...
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