Friends Stocks saw a wonderful reversal today as early morning weakness was bought by market participants moving stocks nicely higher by the close of trading (other than Nasdaq which still remained in negative territory). On a technical basis, stocks tested the mid-March lows and bounced nicely off of...
Friends It was a difficult day for stocks. We got the Fed’s favorite inflation indicator this morning, the core personal income expenditures (PCE), and it came in a little hotter than expected. Surprisingly, bonds rallied after the release as yields fell a full 10 basis points on the...
Friends After an early day selloff, stocks did recover some as the trading session wore on, actually breaking into positive territory before selling off again near the close. The President announced 25% tariffs on cars not made in the U. S., but we might be coming to the...
Friends Stocks were choppy today as the bulls had a difficult time overcoming the Conference Board’s consumer confidence reading which was the lowest in 12 years, showing consumers’ concerns about the economy and the labor market. Respondents also have become negative with their outlook for the stock market, with...
Friends Stocks got off to a great start for the week as traders were encouraged to hear the President soften his stance on upcoming tariffs. Of course, this is a very fluid situation and can change from moment to moment. But market participants were looking for a reason...
Friends The markets looked to be in a foul mood as the trading session began this morning, but comments from the President midday about some flexibility with regards to tariffs helped to ease the pain a bit and stocks did recover some from the morning lows. Nevertheless, the...
Friends Stocks were unable to add to yesterday’s gains as trading was rather quiet on this day after the Fed meeting. It appears that market participants are still mainly concerned about tariffs which are scheduled to be introduced on April 2nd. Though I was hoping for a quarter...
Friends As expected, the Fed did not change interest rates today, but they did change the rate of run off of their balance sheet. In other words, they lightened up a little bit on their quantitative tightening process leaving more liquidity in the system on a monthly basis...
Friends Stocks got off to a good start for the week and now we have had two nice up days in a row after last Friday’s rally. Again, was that it, a 10% correction and now we are off to races? Probably not. But, as I mentioned Friday,...
Friends As we expected, stocks were so oversold we were due for some type of rally. Despite this morning’s weak consumer sentiment number, stocks seemed relieved that we didn’t have tariff talk during the trading session. Is the coast clear? No, we still likely have a lot of...
Copyright 2021 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
