Friends, Of course, last week was the worst of the year for stocks. Thanks Jim. Stocks did try to stage a comeback today with the Dow up more than 370 points in early trading. But all those gains basically evaporated as the trading session wore on. I’m still...
Friends More mixed action in the stock market as while the Dow reversed early losses, the S&P and the Nasdaq remained in negative territory during the trading session. The biggest stumbling block for the bulls this week was stronger than expected economic and inflation data and hawkish Fed...
Friends An army of Fed officials were speaking today, and they took the opportunity to try to take some of the enthusiasm out of the stock market. The bond market has finally sold off a little recently, but the rising stock market of late was not helpful to a...
Friends Today’s Consumer Price Index data came in a little hotter than expected. Yes, year over year we are still seeing a decline in inflation, but the pace of that decline is glacial. We have seen inflation go from a pace of 9.1% last June to 6.4% today....
Friends The bulls are feeling pretty good these days, even emboldened enough to rally into a CPI print. Last year market participants were often quite cautious in the lead up to key economic/inflation data, but buyers were out in force today, seemingly unafraid that tomorrow’s CPI report would surprise/disappoint....
Friends Yesterday we saw stocks start the day higher only to reverse course and move decisively lower by the close of trading. Today we started the trading session with stocks firmly in negative territory only to reverse course and see stocks decisively higher by the close. In the...
Friends After a nice move higher at the open fueled by earnings reports from the likes of Disney and Pepsi, stocks lost all of their gains and fell decisively into negative territory. Is this move that we have seen higher since the beginning of the year losing steam...
Friends The bulls were not able to follow through on yesterday’s gains as stocks spent most of the trading session in negative territory. With no real catalyst, there just didn’t seem that market participants had much interest in today’s proceedings. Maybe a little breather after the robust start to...
Friends A heavily anticipated and much watched interview with Fed Chair Jerome Powell seemed to deliver what the bulls were looking for. Basically, the Fed Chair, despite last Friday’s explosive jobs number, stayed the course hinting that we’ll likely only see a couple more quarter point rate hikes...
Friends It looked like stocks really wanted to go lower today, but the dip buyers continue to stave off bigger declines these days. As mentioned last week we will begin to hear from Fed officials this week and some investors are concerned about the pontificating that could emanate...
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