Friends Stop the presses. There’s a trade deal with China. Well, maybe there’s the makings of a trade deal with China. Wait, hold on, it appears that there might be something we can call a trade deal with China. My head hurts. Wait, we have a “substantial phase one...
Friends Stock futures freaked out last night when reports of the trade talks breaking down sent those futures decisively lower, but within a short period of time those reports were somewhat dismissed and stocks looked only slightly negative at the open of trading this morning. When it was announced...
Friends Continuing the “let’s follow the headline” pattern; stocks had a nice bounce back rally today based on a more favorable tone on trade talks. I know, it seems to change on an hourly basis, but until we immerse ourselves in corporate earnings season, this is what pushes stocks...
Friends Maybe the trade talks will go well- stocks go up. Maybe the trade talks won’t go so well – stocks go down. That pretty much describes the trading action today. Stocks began the day in the red, but hope of fruitful trade talks had the Dow and the...
Friends We had a goldilocks type of employment report this morning. 136,000 new jobs were created, which was a little shy of expectations, but we got upward revisions to the last two monthly reports. In addition, the unemployment rate fell to 3.5%, and average hourly wages were flat. Now,...
Friends More weak economic data this morning, namely the disappointing ISM non-manufacturing number, sent stocks tumbling once again in early trading. Bond yields also tumbled with the 10 year Treasury note yield falling all the way to 1.53%. But, after a more than 300 point drop in the Dow,...
Friends Well that was a mess. Stocks continued to tumble after yesterday’s disappointing ISM manufacturing number, as concerns about an economic slowdown/recession once again rear their ugly head. Today’s ADP private payroll employment number came in shy of expectations, which does cast some doubt on Friday’s non-farm payroll number....
Friends Stocks were off to a nice start this morning, but a worse than expected ISM manufacturing number took the wind out of the sails of the bulls, and the bears put on the full court press as the trading session wore on. Shares of industrial stocks had been...
Friends What a quarter. Political turmoil, recession fears, trade wars, Fed indecision/confusion, daily headline risk and never-ending market moving tweets. Good grief, how much did the market suffer? Well, actually, after all was said and done both the S&P 500 and the Dow Jones Industrial Average were both up...
Friends Stocks ended lower, but without much conviction. The revised GDP number came in exactly the same as the previous revision, up 2% for the 2nd quarter of the year, and the pending home sales number was better than last month. Once again, on the economic front, though not...
Copyright 2016 Carlton, Hofferkamp & Jenks Wealth Management, LLC. All Rights Reserved.
Hand-crafted by Web Design The Woodlands - Design Squid
