Friends Wow, the jobs report was quite an eye opener. First of all, 266,000 new jobs were created in November, which was much better than expected. There were also upward revisions to both the September and October numbers adding another 41,000 jobs to earlier gains. The unemployment rate ticked...
Friends After a quick but muted bounce at the open, stocks traded near the flat line for most of the trading session. The impeachment announcement by Speaker Pelosi had little effect on the markets, as it was not unexpected. Now, we wait for tomorrow’s jobs report. As for today,...
Friends Breaking News- the trade talks might be going better than we thought yesterday. When we have further details we’ll bring them to you. We now return you to your regularly scheduled program. That’s right. A quick “talks are going well” comment by the President and stocks regain a...
Friends The President threw a hand grenade into the China trade situation by declaring that maybe it would be better to wait until after the 2020 election to do a deal. Now, we don’t attempt to decipher the actual likelihood that there will ever be a deal, or what...
Friends Buoyed by another weak manufacturing data point and concerns that the trade deal with China will be “delayed” once again, the bears were able to add to Friday’s modest losses with a feisty selloff of the market averages. Of course, we haven’t seen very many pullbacks in recent...
Friends Well, as expected, stocks drifted higher into the Thanksgiving holiday. A strong durable goods number and an upwardly revised 3rd quarter GDP number helped set the positive tone for stocks at the open. And, as was the case all week long, the market averages held the early gains...
Friends Stocks are drifting higher this week, but without much conviction as traders seem to have already headed out for the Thanksgiving holiday. We have seen a pattern where we post a modest gain at the opening and basically drift aimlessly for the next six hours. As for today,...
Friends Stocks begin this holiday shortened week with a nice rally today. The market averages moved up nicely at the open and basically held serve for the rest of the trading session. It’s not unusual for Thanksgiving week to be a good one for the bulls. Since 1945 stocks...
Friends Once again stocks experienced an early selloff, followed by a slow recovery, and finally a late dip. But, when all was said and done the damage to the market averages has been muted so far. Frankly, the pause that we are seeing this week might actually be one...
Friends We mentioned yesterday that we were going to get earnings reports from several retailers this week. Well, today’s results were mixed with both Kohl’s and Home Deport delivering disappointing results while TJX (TJ Maxx, Marshalls, and HomeGoods stores) delivered a report that pleased investors. We mentioned that many...
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