Friends Well, though the band had some trouble staying in key this month, things did end on a high note. January was an extremely volatile month for the markets. We’ve explored all the headwinds that we had to deal with as we entered the new year, the Fed, inflation,...
Friends It was a week defined by volatility. Intraday moves were quick and stunning. Market participants had to deal with corporate earnings (mainly good), economic data (mainly good, but some mixed) and the results of the FOMC meeting and Chair Powell’s press conference. The prognostications of Fed action...
Friends Ok, I won’t say it was a wild day of trading again. But it was. If you include overnight futures trading, we went from down almost 500 points overnight to up 600 after the open and then all the way back down into negative territory. Things did...
Friends Stocks spent the first half of the trading session getting all excited about the Fed statement that was to be released at 1:00 our time. By gametime the Dow was sporting a nice 300 plus point gain and Nasdaq was up well over 2%. By the time...
Friends It was another wild day of trading with amazing minute to minute volatility. After stocks plummeted in early trading once again (the Dow down more than 800 points at one time), the market averages fought their way back higher with the Dow actually climbing into positive territory before...
Friends Wow, where do I begin? Stocks tumbled, and tumbled, and tumbled this morning until by midday the Dow Jones Industrial Average was sporting a 1000-point loss. Nasdaq was flirting with down 20% from its all-time high and small caps as measured by the Russell 2000 were actually...
Friends It was a miserable week for stocks. The poster child for this week’s market action was Netflix. The streaming service company’s shares plunged today after a less than stellar earnings report after yesterday’s close. We are certainly in a different environment for stocks than we saw last...
Friends Well, that was ugly. The Dow, the S&P 500 and the Nasdaq all coughed up sizable gains in today’s trading session leaving all three in negative territory at the close. It had been some days, but buyers finally appeared this morning only to have their hat handed...
riends Stocks continue to be under pressure as even the generals who were able to sustain the market averages late last year have finally succumbed to the selling. The beleaguered Nasdaq fell into “correction” territory which is defined by a drop of 10% from the previous high. It appears...
Friends It was a difficult day for stocks and bonds. First, bond prices dipped as the 10-year Treasury note’s yield climbed to 1.87%. Stocks sold off from the opening bell and never really recovered. No reversals today. The big banks have had quite a run as we entered...
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