Friends It was the revenge of the nerds today. The stodgy old Dow Jones Industrial Average was the big winner today led by Salesforce but joined in by many of the other 29 stocks in the index. The glamorous Nasdaq was actually down for the day. Remember, while...
Friends It was another very uneventful trading session today as stocks gave up early gains and subsequently drifted back and forth across the breakeven line throughout the later part of the trading session. Bonds on the other hand continue to rally pushing rates lower. The 10-year Treasury Note yield...
Friends In the past we have talked about how interest rates might rise for good reasons or bad reasons. The same can be said for the reverse. Interest rates have begun to move lower recently, and the question is, is it for good reasons or bad? Good reasons...
Friends The Thanksgiving holiday is behind us, but the markets looked like they were still a little stuffed from too much turkey. Stocks opened a little lower but basically drifted along for the entire trading session. Traders are trying to determine if we are due for a mad...
Friends It was another good day for the bulls and a nice way to slide into Thanksgiving. Stocks moved higher from the open and stayed nicely in positive territory for the entire trading session. It was indeed a nice rally into Thanksgiving, which as we have mentioned, is...
Friends It looked like traders were ready to head out for the Thanksgiving holiday today as stocks drifted aimlessly in negative territory for the entire trading session. After the close, though, Nvidia releases their earnings report and that will likely light up the tech world for tomorrow’s...
Friends It was a very quiet day of trading. The bulls seemed a bit tired, and the bears seemed defeated. Interest rates have fallen over the past couple weeks and maybe have found a new level to operate from. Time will tell. As for today, by the...
Friends It was a day where traders chose to digest some of their recent gains. It also was a day when a couple of companies that reported earnings had a little indigestion with regards to their shares. Walmart reported what looked like pretty good earnings but warnings that the...
Friends Following yesterday’s tepid CPI number was today’s better than expected (softer) PPI number. Add to that a better-than-expected retail sales number and you pretty much have a goldilocks scenario for the bulls. Inflation is taming, the consumer is spending (albeit at a slower rate), and unemployment is...
Friends Stocks surged higher on a better-than-expected CPI report. Important in the CPI number was that the core which strips out food and energy was the lowest in 2 years helped by rents and shelter inflation finally beginning to falter. There is excitement that this will certainly signal that...
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