Friends With the Fed apparently threading the needle (of course interpretations could change by tomorrow), and some surprising reactions to better-than-expected earnings releases, stocks moved powerfully higher. As expected, the Fed raised the Fed Funds rate by another 75 basis points bringing the rate to 2.25%-2.50%. In the...
Friends Despite a somewhat favorable mix of earnings releases, stocks struggled for most of the trading session. After the close today we get earnings from Google, Facebook, Visa and Microsoft among others. For today, by the close the Dow Jones Industrial Average was down 228 points to...
Friends Market participants appear to be on pins and needles as they await the outcome of this week’s Fed meeting and the plethora of data on the economy and corporate earnings. We mentioned the big-name companies that are reporting this week, Apple, Amazon, Google, Microsoft etc. but we...
Friends The weight of continued weakness in economic data has moved interest rates lower this week and finally took a toll on stocks today. While the corporate earnings picture remains relatively good, though certainly not perfect, the economy is definitely showing signs of slowdown. We have mentioned that...
Friends I can’t remember going into an earnings season where analysts and market strategist were more nervous/concerned about companies disappointing and guiding estimates lower. Well, so far it has not really worked out that way. Earnings have been pretty good, and many companies appear to be dealing with...
Friends We’ve attached the 3rd Quarter Outlook in the link below. Hope you enjoy reading it. If you have any thoughts or questions, shoot us an email or give us a call. If you know anyone who you think might enjoy reading it, feel free to pass it along....
Friends Market participants were wondering if today’s Consumer Price Index release would show that inflation is peaking. Well, the easy answer is no, not really. Yes, we have seen commodity prices fall in recent weeks, but headline inflation is still running hot with today’s CPI showing a 9.1%...
Friends Did someone get an advanced look at tomorrow’s CPI number? Stocks were minding their own business meandering around in slightly positive territory when all of a sudden, a wave of selling hit right at 2:00 our time. The Dow fell more than 300 points in quick order...
Friends After a decent week for stocks, it didn’t appear that any good vibes from last week were carrying over as trading began this morning. Stocks slumped throughout the trading session with Nasdaq faring the worst, and things did not improve as the day wore on. By the close,...
Friends This morning’s jobs report came in a little bit better than expected. 372,000 new jobs were created in June while the unemployment rate remained at 3.6%. This good news was met with modest selling in both the stock and bond market. Bonds remained lower for the session (rates...
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