Friends We saw a little more volatility on this last day of trading for the quarter, mainly driven by comments from Fed Chair Powell, but in the end the bulls still appear to have hold of the high ground. The Fed Chair hinted that quarter point rate cuts...
Friends Stocks were mixed today as we wind our way towards the end of the 3rd quarter. On the economic front the August personal consumption expenditures price index (PCE) increased 0.1% which was what analysts were expecting, putting the all-important inflation measure at 2.2% year over year. That...
Friends The bulls were back at it today as stocks moved higher at the opening bell, and were able to hold onto those gains throughout the trading session. On the economic front weekly jobless claims fell more than expected (which is good) and durable orders came in unchanged...
Friends The Dow had a few components that had really bad days causing that index to have a larger downside move than the S&P or the Nasdaq during today’s trading session. On the whole, it was another somewhat quiet day as the bulls appear to have run out...
Friends, It was a quiet day of trading with a slightly upward tilt. Market participants will be focusing on economic data in the coming weeks, looking to determine if a soft landing is indeed in the cards. It would be just fine if the market averages took a...
Friends, It looked today like market participants were out of gas as markets were pretty quiet all in all. We’ve had a lot of economic data to chew on recently, and we’ve seen the Fed embark on a new path with monetary policy. A breather was warranted. ...
Friends, It’s appears, at least for a day, that market participants decided not to fight the Fed. Stocks soared higher right from the opening bell and never really looked back. Not everything was a winner but the move higher in the winners greatly outpaced the losers. By...
Friends, The Federal Reserve decided to cut the Fed Funds rate by 50 basis points today. The yield will now be 4.75% -5% (it was 5.25%-5.50%). Given the Fed probably could have cut by a quarter point back in July, today’s 50 basis points move seemed to sit...
Friends Stocks gave up early gains in today’s trading session, as market participants brace themselves for tomorrow’s Fed decision on interest rates. It’s hard to tell just what the market wants to hear from the Fed. We are going to see a cut in the Fed Funds rate,...
Friends Will it be a quarter of a point? Will it be a half of a point? Market participants are anxiously awaiting the Fed’s decision on interest rates which we will get on Wednesday afternoon. In the meantime, stocks were mixed today with value/interest rate driven stocks higher...
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