Friends A blowout earnings report from AI chip make Nvidia fueled a rally in the Nasdaq today once again illustrating the divergence between the different market indices. The Nasdaq is having a great year (after a very difficult 2022), the S&P 500 is up nicely (mainly carried by...
Friends While market participants wait for the folks in Washington D.C. to do something incredibly stupid with regards to the debt ceiling fiasco (most likely there will be a kick the can down the road agreement at the last minute), we got a look at the Fed minutes...
Friends Once again, market participants really don’t want to participate until the debt ceiling fiasco is solved in Washington D. C. Stocks were lower throughout the trading session, not necessarily because of immense selling pressure, but more because of just a lack of buying interest. By the close, the...
Friends It appears that the wrangling over the debt ceiling has market participants feeling content to stay on the sidelines for the moment. Stocks were mixed throughout the session with the Dow mostly in negative territory, the Nasdaq mainly in positive territory and the S&P straddling the break-even...
You may have noticed, whether online or on business television, that there are quite a few folks who make predictions. They tell us what the economy is going to do, they tell us what direction the stock market is going to go, they tell us which direction interest rates...
Friends The bears continue to try to push stocks lower, but the bulls have been able to defend the high ground and keep stocks grinding higher. We got a look a Walmart’s earnings this morning, and they were pretty darn good. All of the big retailers survived what many...
Friends Hopes that a budget deal will get done sooner than later and bullish comments over the past few days from hedge fund behemoths helped stocks move higher today. Earnings releases from Target and TJX on the surface looked challenged but shares of both retailers moved higher anyway,...
Friends Despite a decent retail sales number, stocks moved lower today as traders continue to stress over the showdown in Washington, D.C. over the debt ceiling. Home Depot delivered a less than stellar earnings report which also didn’t help the bulls’ case. But the possibility of a government...
Friends The bull/bear tug of war continues as stocks drifted within a very narrow range today. After a better-than-expected earnings season (although we will get a look at retail earnings this week), and decent inflation numbers market participant will be mostly focused on the debt ceiling wrestling match that...
Friends The PPI number came in a little better than expected this morning confirming that as is the case at the retail level, inflation continues to moderate at the wholesale level. Jobless claims ticked higher also this week another confirmation that though the employment picture is still strong,...
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