Friends Stocks kind of limped to the month end finish line as today’s inflation data came in about as expected. The challenge for the Fed may be getting inflation from the 3s to the 2s in the coming months. That may keep rates higher for longer which the...
Friends Softer economic data and slightly lower interest rates seems to be fueling this end of the month rally we have seen over the past week. The bears had things going their way for a few weeks, but the bulls have grabbed the stage once again and some...
Friends The bulls are trying to erase the memories of what up until recently was a difficult August for stocks. Share prices moved higher today led by tech giants and the Nasdaq. Softer job opening and confidence data provided the backdrop for a move lower in interest rates...
Friends Talk about “sell the news”. Despite another blow out quarter by this year’s starlet NVIDIA, stocks gave up early gains and retreated as they have done so often this month. Now, tomorrow morning’s comments from Fed Chair Powell will be the focus of market participants. As...
Friends August continues to be a difficult month for stocks. We’ve seen a few good days sprinkled in here and there, but for the most part we have seen downward pressure on stocks for weeks now. Market participants are preparing for NVIDIA’s earnings release after the close tomorrow...
Friends For the most part, stocks moved higher today led by the Nasdaq which posted a more than 1.50% gain for the day. All eyes will be on Fed Chair Powell and his comments at the Jackson Hole economic conference this Friday. Before that we have more earnings...
Friends Bond yields pulled back just a little today which seemed to help keep a lid on stock volatility. Sentiment has definitely turned negative in the past week as market participants are choosing to look at the glass half empty with regards to economic news and how the...
Friends Stocks continued to lose ground as the long end of the yield curve continues to drift higher. Walmart had a good earnings report today- didn’t matter. We are in a bit of a good news is bad news narrative at the moment with regards to the economy,...
Friends Stocks continue to struggle in August as rallies are continuously met with selling pressure. Today’s Fed minutes pretty much confused everyone. On one hand the Fed is concerned that inflation is possibly reigniting some, but they are also concerned about the cumulative impact of all the rate...
Friends Stocks moved lower again today despite or partially because of a way hotter than expected retail sales number. The consumer appears to still be in buy mode which is more than I can say for market participants. We have mentioned that so far in August stocks have...
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