Friends Stocks tried to rally early, failed, moved into negative territory, and then attempted to recover late in the trading session. We had a little bad news is good news before the open this morning as the ADP private payroll number came in lighter than expected. 132,000 private...
Friends The year of the great reset continues. As we have seen, every rally has eventually stalled out pretty much where technicians have expected in 2022, and narratives change on a dime whether driven by an utterance from a Fed official, an economic data point, or a reveal...
Friends Stocks followed thru on Friday’s selloff as trading began this morning, but after a 1% drop in both the Dow and the S&P 500 things did recover some. Friday’s move was a reaction to the Fed Chair trying to reframe last month’s FOMC presser by insinuating that...
Friends As market participants wait for the festivities to begin at Jackson Hole, economic data continues to show weakness in the economy. This week we have seen soft housing data and a services PMI number yesterday that was surprisingly weak. Remember nearly 3 quarters of the U.S. economy...
Friends Market sentiment has turned again. The bears seem to be back in control of the narrative. I know it’s only been a couple of trading sessions, but the bears have been able to kill rallies this year and, at least for the moment, appear to have killed...
Friends The bulls will say that given the run we have had since the end of the 2nd quarter, stocks were bound to take a pause at some point. The bears will say the move we have had since the end of the 2nd quarter is just another bear market...
Friends Stocks opened lower today and given the move higher we have seen this quarter, it was not surprising that market participants thought it might be a good time to take a little off the table. After the initial 300 point plus selloff in the Dow at the...
Friends The Empire State manufacturing data for August was so bad it almost was hard to believe. Cue the recession narrative. Regardless, after an initial downturn at the open stocks rallied to close higher for the day. For those who are looking for more than a bear market rally,...
Friends Don’t look now, but the bulls appear to be occupying the high ground at the moment. After a miserable first half of the year, the bulls have erased more than half of the decline in the S&P 500 despite the headwinds of inflation (possibly slowing) and a slowing...
Friends While yesterday’s CPI number was flat month over month, today’s PPI (Wholesale Inflation) number was actually down .5% month over month which was also a surprise. The core PPI number was up .2% vs. the .4% estimate, so taken altogether the inflation picture from July was better than...
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
