Friends As I work my way back home today the markets continue to be inconsistent. Earnings season has produced some positive share price movement and plenty of negative share price movement too. We get earnings from Amazon today after the close and Apple later in the week,...
Friends Checking in from the road. Today’s GDP number came in less than expected showing an economy that appears to be less robust than analysts were predicting. On top of that, inflation persists bringing into play the dreaded stagflation scenario where the economy slows while inflation remains a...
Friends Stocks continue to struggle as we’ve seen a pattern of early morning rallies dissipate by midday. I guess the bulls could take a little comfort in the fact that selling has not been prodigious, but there has been little interest on the buy side for a couple...
Friends We have seen intraday volatility pick up recently as news or rumors out of the Middle East combined with comments from Fed officials, especially Fed Chair Powell, continue to move stocks and bonds in various directions. On the earnings front United Healthcare reacted quite positively to...
Friends Stocks got off to a great start this morning only to run into massive headwinds as the trading session wore on. First, we have concerns over the mess in the Middle East, then on the economic front we got a hotter than expected retail sales number this...
Friends Jitters about global tensions and jitters about corporate earnings sent stocks lower today. Earnings from the big banks were good but it didn’t seem to matter. Buyers disappeared and sellers were left to their own devices. For the day, the Dow Jones Industrial Average was down...
Friends The PPI number came in a little better than expected which helped take the pressure off of stocks, although the bears did try to press the situation early in the trading session. But the bulls did step in and did some buying to move stocks higher by...
Friends We teed up the CPI number for you yesterday and sure enough it came in on the hot side of our range. Month over month we saw the CPI up .4 vs. the .3 that was expected, and the all-important year over year number came in up...
Friends Market participants are very indecisive as we wait for tomorrow’s inflation report. Stocks started higher, took a couple of legs lower (down 300 Dow points midday) and then recovered into the close. As we mentioned yesterday, if tomorrow’s number is hot (especially components that are thought to...
Friends Stocks were quiet as traders wait for inflation data to be released this week. On Wednesday we will get a look at the Consumer Price Index and then on Thursday we will get the Producer Price Index. Remember, the last couple of months CPI data has been...
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
