Happy Memorial Day Weekend

Happy Memorial Day Weekend

Friends   Going into the Memorial Day weekend traders felt emboldened by vibes out of D. C. that a budget agreement could be reached soon. We will see of course but at least for today the bulls had some clear sailing.   By the close, the Dow Jones Industrial...

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Nasdaq Shines

Nasdaq Shines

Friends   A blowout earnings report from AI chip make Nvidia fueled a rally in the Nasdaq today once again illustrating the divergence between the different market indices. The Nasdaq is having a great year (after a very difficult 2022), the S&P 500 is up nicely (mainly carried by...

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Continued Concern

Continued Concern

Friends Once again, market participants really don’t want to participate until the debt ceiling fiasco is solved in Washington D. C. Stocks were lower throughout the trading session, not necessarily because of immense selling pressure, but more because of just a lack of buying interest. By the close, the...

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Stocks Rally On Budget Hopes

Stocks Rally On Budget Hopes

Friends   Hopes that a budget deal will get done sooner than later and bullish comments over the past few days from hedge fund behemoths helped stocks move higher today. Earnings releases from Target and TJX on the surface looked challenged but shares of both retailers moved higher anyway,...

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Stocks Slump

Stocks Slump

Friends   Despite a decent retail sales number, stocks moved lower today as traders continue to stress over the showdown in Washington, D.C. over the debt ceiling. Home Depot delivered a less than stellar earnings report which also didn’t help the bulls’ case. But the possibility of a government...

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