Friends Concerns about shutdowns in China and supply chain disruptions along with hawkish comments from several Fed officials help set a gloomy landscape for stocks today. Market participants are trying to figure out if interest rates are going higher as Fed Governors continue to indicate or are most market...
Friends Today’s release of this month’s Fed minutes seemed to indicate that the Fed might be close to slowing down interest rates hikes after the upcoming December meeting. Given that most traders are heading home for the Thanksgiving Holiday early, stocks didn’t have too much of a reaction....
Friends Today felt like a trading day during a holiday shortened week. Stocks moved higher right from the opening bell and were able to methodically add to their gains throughout the trading session. Bond yields moved lower and that has been the recipe for higher stocks lately. Are market...
Friends Ok, we did see a little volatility in stocks (a lot of volatility in oil) but for the most part it felt like market participants were off preparing for Thanksgiving instead of participating in today’s trading session. As mentioned, oil had quite a ride from $80 per barrel...
Friends Stocks mainly spent the week digesting last week’s massive rally after the CPI number came out. Fed officials continue to talk tough, but once again it appears that market participants still think that we’ve seen the peak in inflation and that rate hikes will dwindle after the December...
Friends A pretty good retail sales number (Target and their problems notwithstanding), helped dampen the enthusiasm of market participants this morning. Remember, good news is bad news right now when it comes to economic data points as market participants want the Fed’s hawkish monetary policies to work so that...
Friends Buoyed by another better-than-expected inflation number, stocks moved smartly higher at the open today and were firmly in positive territory until word that an errant missile or two appear to have struck Poland in the ongoing conflict between Ukraine and Russia. As of this writing details are...
Friends The bulls tried to continue last week’s rally, but it appears that the buyers just ran out of ammunition by the close of trading today. Given the surge higher by the market averages late last week, it is probably a moral victory that we didn’t give a bigger...
Friends It was a quiet day of trading as the bond market was closed for Veteran’s Day, but the bulls were able to fend off any attempts by the bears to tarnish yesterday’s massive rally. By the close, the Dow Jones Industrial Average was up 33 points to finish...
Friends We mentioned yesterday that as negative as investors were positioned, that if today’s inflation data was better than expected you could see a robust rally. Well, the data was better than expected and we got a robust rally in both stocks and bonds. The year over year...
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