Friends There appeared to be few participants in today’s trading session. There was a downward bias on the last day of trading which seems to always be the case if my memory serves me correctly. It was a good year for the bulls, and they were content to...
Friends As we coast into year end, it is amazing to see that we have basically made a full round trip in the S&P 500 since the first trading day in 2022. After a mostly year long bear market in 2022 we have just about recovered every bit...
Friends Again, as expected, it was a very quiet day of trading. The bulls appear to be a little out of gas (though the Dow did rally late) and the bears remain quite uninspired. Stocks basically did nothing all day and on the economic news front there was...
Friends I hope everyone had a great Christmas. As expected, it was a somewhat quiet news day for the markets and also as expected the Santa Claus rally appears to be in full swing as we head into the new year. Stocks rose consistently higher throughout the trading...
Friends Today it was reported that the PCE (personal consumption expenditures) index rose 3.2% year-over -year. More importantly, over the last six months the index is up only 1.9% or actually below the Fed’s 2% target. What does that mean? Well, it sure would seem likely that the...
Friends After stocks got a little bit of a shock yesterday, the bulls were back in the buying spirit from the opening bell this morning. As for yesterday, when you have a parabolic move higher it’s just a matter of time before you get a day like yesterday....
Friends Stocks continue to edge higher as it appears there just aren’t any sellers at the moment. Yes, the narrative favors the bulls, but there is also a tax component to the lack of sellers right now. If you have a taxable account, you really don’t want to...
Friends After a frantic week, the bulls seemed a little out of gas as today’s trading session unfolded. But in the end, they were able to post modest gains in the market averages. Bond yields continue to move lower but this move has been fierce in the last...
Friends Stocks added to yesterday’s monster gains as interest rates continue to fall along the yield curve. As mentioned, it’s a somewhat goldilocks scenario for the bulls- slow growth, moderating inflation, full employment, retail spending, and falling interest rates. Not too hot and not too cold. As...
Friends Fed Chair Powell basically did a pirouette in the endzone while spiking the football this afternoon. As expected, the Fed kept interest rates the same today but more importantly signaled that rate hikes are a thing of the past and rate cuts are in our future. Yes,...
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