Friends What a wild month of trading. Dramatic selloffs, breathtaking rallies. April had it all. Today we saw stocks sell off rather substantially at the open after we got a negative first quarter GDP print and a weaker than expected private payroll number. The contraction of the economy...
Friends The bulls are trying to finish April on a high note as stocks continue to add to their winning streak. Earnings have been ok and tariff rhetoric has been softening. We’ll get both inflation and jobs data as the rest of the week unfolds, and earnings from...
Friends Trading was choppy to start the week, but in the end the bulls were able to scratch out modest gains in the market averages. It’s a big week for corporate earnings as we’ll hear from the likes of Coca-Cola, Master Card, Prudential, Amgen, Lilly, McDonalds, Chevron,...
Friends Despite the mixed messaging coming from The White House and various trading partners around the world, stocks were mostly calm today with an upward tilt. After Monday’s meltdown, stocks recovered nicely as the week unfolded. Typically bear market rallies are short and sweet, so it is nice...
Friends Three in a row. That’s what’s called a winning streak. For the third day in a row stocks moved nicely higher as things appeared to be bit quieter with regards to tariff headlines. Silence is golden at the moment. Earnings reports have been mixed but the biggest...
Friends Stocks added to yesterday’s rally but did finish well off the highs of the day. Market participants found comfort in the fact the President made it clear that he was not going to fire, or try to fire Fed Chair Powell, while at the same time backing...
Friends We mentioned yesterday that we are getting oversold again and that we could see a nice rally at some point this week. Well, we got that rally today which basically just recouped what we lost yesterday and a little more. Nevertheless, as I have mentioned a few...
Friends I know I’m beginning to sound like a broken record, but it was another difficult day for stocks. We now enter a very complicated earnings season where companies are going to have a difficult time explaining their future earnings outlook given the uncertainty they are dealing with...
Friends It was another volatile day for the markets. The Dow had the most difficult day as one of its most heavily weighted components United Health had a miserable earnings report. But if you take away United Health the market averages ended up mostly flat for the trading...
Friends It was another difficult day for stocks with the Nasdaq leading the way lower. Chip makers were especially hard hit after negative tariff news with Nvidia, AMD, Micron and ASML all down sharply. This morning’s retail sales numbers were not as bad as expected which almost might...
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