Friends It was a somewhat unenthusiastic day of trading with the market averages doing very little throughout the trading session. Last week was all about the inflation story. This week we are going to get a good look at how retailers are doing as we head into the...
Friends Despite all of the hand wringing over the inflation numbers and today’s awful consumer sentiment data, stocks managed to avoid too much damage for the week. We’ve used the term resilient for some time now when referring to the stock market and this week was another good...
Friends Market participants still seem to be trying to determine how they want to position portfolios given the inflation pressures that are being felt in the economy. Interestingly, the tech heavy Nasdaq was the winner today, despite growth stocks being seen as having the most trouble dealing...
Friends 6.2%. That was the year over year rise in inflation that today’s CPI number revealed. It is the largest increase in inflation that we have seen in more than 30 years. Month over month, the index rose .9% which was more than had been expected. Bonds, which...
Friends It was a profit taking trading session right from the opening bell this morning, and after the move higher we have had in the past several weeks that is certainly not surprising. Stocks have made new highs day after day so a little pause could actually refresh....
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