Friends As expected, the Fed did nothing with regards to interest rates (Fed Funds Rate) today, but it appears that if things remain on the path that they are on, we will get our first rate cut in September. Stocks had already been rallying in anticipation of the...
Friends Stocks remain mixed as big tech names continue to struggle while long forgotten value stocks continue to show some life. We will get a look at Microsoft’s earnings after the close today and that is likely to set the tone going into tomorrow’s trading session. In addition,...
Friends Stocks got off to a somewhat quiet start to what should be a busy week with regards to corporate earnings. Big names like Meta, Amazon, Apple and Microsoft all report this week and as we know the shares of these super star companies have seen a lot...
Friends What a crazy week this was. Today stocks moved back up again led by of all things an actual industrial name 3M. We have seen a little bit of everything with regards to earnings so far this quarter. The big tech names have faltered, but some of...
Friends First let’s talk about this morning’s economic data. Our first look at 2nd quarter GDP gave us bit of a surprise as the economy grew at 2.8% vs. the forecast number of 2.1%. Also, personal consumption expenditures price index rose 2.6% for the quarter, down from 3.4%...
Friends, Stocks had their worst day of the year after disappointing earnings from a couple of big tech growth giants, namely Google and Tesla. The market averages opened lower and only got worse throughout the trading session. By the close, the Dow Jones Industrial Average down 504...
Friends Stocks began the week to the upside with Nasdaq and big tech names recovering some from their recent declines. In addition to all the political theater, we are right in the middle of earnings season. To that end we will hear from Alphabet (Google), Coca-Cola, Kimberly-Clark, GM,...
Friends A major IT outage triggered by cybersecurity giant CrowdStrike caused havoc with businesses all over the world today including airlines. That probably had nothing to do with stocks dropping today but it didn’t help. By the close, the Dow Jones Industrial Average was down 377 points...
Friends We finally had a day when all the market averages moved lower. We had already seen the Nasdaq run into trouble over the past week, but today after its parabolic move higher the Dow finally ran out of some steam. Small caps also pulled back after their...
Friends Stocks keep moving higher in parabolic fashion. I think even the bulls are surprised by the market’s strength. Most noteworthy is the rotation we have seen from growth to both value and small caps. All this as market participants become convinced that the Fed will lower rates...
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