Friends The bull/bear tug of war continues as stocks drifted within a very narrow range today. After a better-than-expected earnings season (although we will get a look at retail earnings this week), and decent inflation numbers market participant will be mostly focused on the debt ceiling wrestling match that...
Friends The PPI number came in a little better than expected this morning confirming that as is the case at the retail level, inflation continues to moderate at the wholesale level. Jobless claims ticked higher also this week another confirmation that though the employment picture is still strong,...
Friends Stocks seemed to like the inflation numbers at first glance, then things went south for much of the trading session only to recover somewhat by the close. As mentioned, we got a look at the Consumer Price Index this morning and things came in about as expected....
Friends Once again stocks were very quiet as investors wait for the inflation numbers tomorrow and Thursday. Also, the hand wringing over the debt ceiling and threatened default of U. S. Government debt continues to grab headlines. But for now, market participants are content to just sit on...
Friends This week’s economic focus is on inflation and Wednesday’s CPI and Thursday’s PPI reports. After last week’s fireworks traders were somewhat subdued today as stocks drifted within a relatively narrow range. Negativity still persists, but the resiliency of stocks has gotten the attention of market participants who mainly...
Friends The Fed raised interest rates one quarter of a point today as expected. The Fed Funds rate now sits at 5% to 5.25%. In the statement released this afternoon the Fed indicated that they were not anticipating further rate hikes but instead will determine whether they are...
Friends The combination of weak economic data, terrible price action in regional banks and the impending Fed rate hike tomorrow had stocks on the defensive from the opening bell. It’s as if the market was throwing a tantrum before the Fed even releases their statement tomorrow. Market participants are...
Friends It was a very quiet day of trading as investors wait for this week’s Fed decision on interest rates. The FOMC meeting begins tomorrow and will wrap up on Wednesday with the Fed statement and subsequent press Fed Chair press conference. On the earnings front, we get a...
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
