Friends I thought that I would check in from the road. As expected, the Fed did lower the Fed Funds rate by a quarter of a point yesterday leaving the range now at 3.75% -4%. The Fed is also going to end the reduction of asset purchases or quantitative...
Friends Market participants seemed to be pleased with this morning’s CPI data which showed inflation in September rising at a rate of .3% on a monthly basis. At this point, the annual inflation rate is tracking at 3%. Those numbers are slightly better than analysts had expected and with...
Friends The market averages were somewhat mixed today after yesterday’s rally, but good earnings news keeps rolling in. This morning Coca-Cola and General Motors both had good earnings releases and though less than 20% of the S&P 500 has yet to report, the ones who have mostly have beaten...
Friends The bulls appear to be comfortably entrenched on the high ground once again. Stocks opened higher and added to their gains as the trading session wore on. Apple led the way reaching new highs as the major market averages posted gains of more than 1% for the day....
Friends The market averages moved higher at the open but more trade tension headlines and worries about bad loans in some regional banks sparked an afternoon selloff. Credit related issues will get the attention of market participants and given that so much lending has occurred in the shadow banking...
Friends It was another somewhat volatile day of trading for stocks with mixed results at the close. We continue to get stellar earnings releases from the banking sector with Bank of America and Morgan Stanley being today’s winners. The banks have gotten this earnings season off to a great...
Friends What a wild day for stocks. After a more than 600 point drop early morning in the Dow on what appears to be Chinese trade retaliation, stocks reversed course and at one point the Dow was sporting a 400 plus point gain. That’s quite a swing. In the...
Friends The President was able to calm the market’s concerns over a tariff escalation with China, and the market averages responded by posting some nice gains, recovering about half of Friday’s losses. Next up on the calendar is earnings season which begins in earnest this week with reports from...
Friends Despite a benign Producer Price Index data and a surge in shares of AI driven companies (led by Oracle), stocks wandered aimlessly during today’s trading session. By the close the Dow Jones Industrial Average was down 220 points to finish the day at 45,490. The S&P 500 was...
Friends Who had China tensions on their what will trigger a stock selloff bingo card? We’ve talked about stocks getting a bit rich lately, and that valuation, though not a timing mechanism, may allow some sizable pullbacks. Well today we saw the big growth stocks take a bit of...
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