Friends So, today’s Fed release and subsequent press conference with Jerome Powell delivered a message that was pretty much anticipated. The statement indicated that the Fed sees 3 quarter point rate cuts in the Fed Funds rate in the second half of the year. That is about where...
Friends Stocks finished the quarter strong with the market averages pushing new all-time highs. We’ve said that conditions have been right for higher stock prices and that was certainly true in the first quarter of 2024. We have also worried that valuation is stretched at the moment but...
Friends As we have seen time and time again lately, stocks just can’t stay down for long. After a few days of lackluster interest, the bulls seemed to have rediscovered their appetite for stocks. Nothing has really changed with regards to the investing environment in the past few...
Friends As the market waits for new inflation data and a holiday released jobs report on Friday, stock buyers seemed to be biding their time. The market averages were lower but not in any meaningful way. We might just be in a spot where we drift into the...
Friends Stocks were mixed today with the Dow faltering while the S&P 500 and the Nasdaq mainly held serve. If you are a long-term bull (and I hope you are) days like this are needed. We continue to be concerned about valuation and one way to deal with...
Friends Even the Department of Justice couldn’t kill this bull market run. Yes, their anti-trust case against Apple took a bite out of the tech giant’s shares but it wasn’t enough to stop the bullish momentum of the market averages. For the day, the Dow Jones Industrial...
Friends Just when this market looks like it is running out of steam it seems to find another gear. Tomorrow, we get the results of this week’s Fed FOMC meeting, but the bulls didn’t appear to be too concerned. No, the Fed won’t change the Fed Funds rate...
Friends Stocks moved higher in today’s trading session despite interest rates continuing to inch higher and the uncertainty of a Fed meeting this week. I say uncertainty in that it is known that the Fed won’t change the Fed Funds rate this week, but what messaging comes from...
Friends It was another difficult day for stocks, as rates creeping higher after this week’s inflation data is providing a formidable headwind. The market averages spent the entire session in the red as buyers appear to be tentative to put new money to work. By the close,...
Friends Another hotter than expected inflation number poses a problem for the “Fed is going to lower rates soon” crowd. Today it was the Producer Price Index which measures prices at the wholesale level. All of a sudden, we aren’t seeing the level of inflation fall anymore. That...
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