Friends It was a quiet end to a pretty good month. Remember, August is often believed to be a difficult month for stocks, but as we have seen for most of the year, the bulls continue to hold the upper hand. We have a lot ahead of us...
Friends It was a somewhat of a mixed day of trading for the market averages. While big tech names enjoyed a nice move higher helping both the Nasdaq and the S&P, many of the Dow names lingered lower throughout the trading session. On the economic front market participants...
Friends Stocks reacted very favorably, in today’s trading session, to Fed Chair Powell’s comments this morning about jobs, inflation and just when the Fed might start to taper its asset purchases. The Fed Chair acknowledged that inflation has reached a level that meets their long term goals, but...
Friends The unfortunate and tragic events in Afghanistan dominated the news cycle today and certainly affected the psyche of the markets in today’s trading. All eyes were and likely still are on tomorrow’s speech at Jackson Hole (virtually at least) by Fed Chair Powell, but today’s tragic news...
Friends Stocks continued their push modestly higher in today’s trading session. Interestingly, bond yields have also ticked up a bit over the last couple of trading sessions. Sometimes rising rates can be viewed as a threat to stocks, but market participants seem relieved that bond yields...
Friends Stocks modestly added to yesterday’s gains as trading was somewhat quiet on this second trading session of the week. One big earnings win was delivered by Best Buy. The electronics big box store had a great quarter which sent its stock soaring. But, for the most part...
Friends After a difficult week for stocks the bulls were ready to place their buy orders from the opening bell this morning- adding to Friday’s recovery gains. Yes, we did see the FDA officially approve the Pfizer Covid-19 vaccine, but today’s move seemed more like bulls being afraid...
Friends The growth story came under some serious scrutiny today. We suspected after recent consumer confidence numbers that the retail sales numbers were going to slump a bit and today’s release indicated that is exactly what has happened. We also suspected that earnings from major retailers would be...
Friends Stocks got off to a rocky start this morning seemingly reacting to a weekend of negative news including the mess in Afghanistan and the Delta variant surging. But as the trading session wore on the buyers appeared to push some of the market averages higher. For...
Friends The markets traded today like a typical Friday in the middle of August. There wasn’t much movement in either direction as the bulls seemed content to sit with record gains, while the bears are still looking for an opening. For the day, the Dow Jones Industrial...
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