Friends Well, that was an interesting day. This morning, we got a relatively benign inflation reading, the PCE (personal consumption expenditures price) index and stocks seemed to want to move higher especially after the selling pressure we have seen this week. But then a very contentious meeting at...
Friends The big growth tech names continue to sell off dragging the market averages lower as uncertainty about the economy continues to infiltrate the narrative. We saw unemployment claims move higher this week and consumer confidence has begun to weaken. Nvidia’s earnings were fantastic, but the market didn’t...
Friends Yes, we are all waiting for Nvidia’s earnings release tomorrow, but in the meantime the big-name growth stocks continue to see selling, which is taking a toll on the market averages, especially the Nasdaq. Also, in addition to the big Nvidia earnings release, we continue to hear...
Friends It was another mixed day for stocks where the big growth names of the last couple of years continued to see selling, while formerly left behind names finally received some sponsorship. Is this a true rotation from growth to value or is this just another head fake...
Friends The market averages, mainly the Dow Jones Industrial Average, began the day lower after a large drop in the shares of Dow component United Healthcare plummeted on news of a Justice Department investigation. Then word of a new corona virus out of China sent shares tumbling even...
Friends Just when I thought the bears had given up for the time being, they made a surprise attack today. Walmart’s concerns over tariffs and hot stocks Palantir and Meta’s recent slides finally took its toll on the market averages today. We heard speeches from 3 different Fed...
Friends It was another somewhat uneventful day of trading, though the bulls were able to post modest gains by the close. Typically, the second half of February is often difficult for stocks, but there really is no sign of conviction either way at the moment. For the...
Friends It was a quiet start to this holiday shortened trading week. With no glaring headlines to deal with, market participants were mostly uninterested in making any major commitments as the market averages drifted while the long end of the yield curve sold off some. A few stocks...
Friends Stocks tried to push higher at various intervals during today’s trading session, but in the end some traders were just not comfortable holding into the 3-day weekend. Nasdaq led by Apple, Meta and Nvidia was able to hold onto gains, but those gains were trimmed by the...
Friends Both yesterday’s CPI data and today’s PPI data were hotter than expected. Yesterday, bonds did sell off, but they rallied today. Stocks didn’t seem bothered by the data at all. The market averages all moved higher as if they have no concern at all about inflation pressures...
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