Friends The 3rd quarter of 2021 ended with a thud. It was a challenging quarter for the bulls as the market averages attempted in vain to make new highs but faced difficult head winds. Inflation, interest rates, the Fed’s plan to tighten, the Delta variant, China, pending political...
Friends The bulls made a somewhat half-hearted effort to rally the troops today, and two of the market averages did end the day higher, but buying was sparse and choppy and it felt like the sellers were simply exhausted from yesterday’s action. Nevertheless, at the moment the S&P...
Friends Last Monday kicked off a new round of volatility and today the growth stocks once again led the Nasdaq and the S&P lower. As inflation fears permeate the market and interest rates move higher the big growth names like Amazon, Google, Facebook, Apple and Microsoft have...
Friends Stocks were mixed today as we saw a reaction to the recent rise in interest rates. On the buy side of the ledger were financials and industrials and on the negative side of the ledger were the big growth stock names. We saw this same type of...
Friends Well the market certainly seems to approve of the message from the Fed yesterday. Stocks rallied from the opening bell and stayed strong throughout the day. Just as interesting, bonds sold off (rates moved higher). So after Monday’s selloff, the bulls have been able to repair most...
Friends So, here is what we heard from the FOMC and Chair Powell this afternoon. It seems likely that the Fed will begin the tapering process (reducing asset purchases) in November or December of this year and that the process will take about 8 months which means it should...
Friends For years now we have seen disruptive days like the one we saw for stocks yesterday followed by heightened volatility. Today was no different with stocks moving nicely higher at the open, only to run into selling that sent the market averages back down into negative territory...
Friends Market pundits have been warning that we haven’t had a 5% pullback in the stock market for more than a year. Well, we have one now (well at least we had one midday before stocks recovered some towards the close). As we have seen for years, downturns...
Friends Stocks finished the week on a sour note and continue to look a bit “heavy” at the moment. We’ve talked about seasonality and how September is sometimes a difficult month in general, but add in another weak options expiration Friday and the bulls just didn’t seem to...
Friends After yesterday’s rally the bulls were hoping for a follow through today. Unfortunately, stocks headed south early in the trading session and at one point had given back all of yesterday’s gains. But, the bulls stepped back in and moved the market averages back into positive territory...
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