Friends Market participants seemed pretty nervous before the much-anticipated release of Nvidia’s earnings report after the close today. Stocks were in the red for the entire trading session as the bulls decided to take a wait and see stance before committing any new money today. By the...
Archive for month: August, 2024
Another Quiet Trading Session
Friends We had another quiet day of trading as market participants brace for the Nvidia earnings release tomorrow after the close. Yes, it’s only one company but Nvidia has been the poster child for the AI revolution and a stock that has dragged the whole sector higher over...
Traders Waiting For Nvidia Earnings
Friends Stocks were mixed today as market participants focus on this week’s earnings release from super star AI chip maker Nvidia. That report will come after the close on Wednesday. Then the next big economic data point will be the jobs report on September 6th. That report will...
Fed Chair Signals Rate Cuts
Friends This morning, in his speech at Jackson Hole, Fed Chair Powell made it pretty clear that the Fed will indeed begin to lower rates in September. Again, the bond market has been pricing several rate cuts in already so movement in the bond market has been more...
Stocks Take A Breather
Friends Stocks finally took a breather today after a torrid rally saw the market averages basically erase the early August decline. Investors appear to be focused on what the Fed Chair is going to say during his speech tomorrow morning at Jackson Hole. We would expect him to...
Stocks Higher Despite Job Revisions
Friends Despite a government revision to the overall jobs numbers which saw a downward revision of 818,000 new jobs created this year, stocks were still able to scratch out gains during today’s trading session. Actually, revealing that the labor market has actually been softer than previously thought gives...
Our 14th Anniversary at CHJ
Friends Today marks our 14th anniversary here at CHJ. Fourteen years ago today, we opened our office here in The Woodlands. Our mission was to create a firm that delivered the best service in the industry and make sure our clients were able to put their heads on...
Good Start To The Week For Stocks
Friends It was a good start the new week as the bulls continue to ride the momentum that has built from two weeks ago today. All of the market averages moved higher while interest rates remained steady. Investors will be focused on what the Fed Chair says later...
Strong Week For Stocks
Friends The bulls were able to put a tidy bow on top of a wonderful week for stocks. On the economic front we got a good mix of lower inflation and stronger economy data which found a sweet spot for market participants. Remember, less than 2 weeks ago...
Strong Retail Sales Number Spurs Rally
Friends Wow, today’s retail sales number was much better than expected. In addition, we saw a very good earnings release from Walmart, who indicated that the consumer was actually doing pretty well. Add all of that to this week’s positive inflation data and you had a recipe for...
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