Friends We had a version of bad news is good news today with the non-farm payroll number coming in at 266,000 new jobs created in April instead of the more than 1 million forecasted (some whisper numbers were as high as 1.5 million). So, instead of the Fed...
Friends It was another trading day with wide divergences. Boring, stodgy staples and financials were the winners (and have been for a lot of 2021) while sexy go-go growth names continue to struggle. Well, struggle might be a kind term when you consider last year’s darlings and how...
Friends The market averages tried to rally despite a slightly disappointing ADP private payroll number, but it really appears that the bulls have run out of ammunition. The beleaguered Nasdaq was actually in positive territory for a short period of time today, but alas couldn’t prevent another close in...
Friends Comments from Treasury Secretary Janet Yellen seemed to unsettle the stock market today with the Nasdaq once again receiving the brunt of the selling. The Treasury Secretary had the audacity to mention in an interview that the Fed might just have to raise interest rates if the...
Friends It was a mixed start to the new month. The Dow and the S&P were able to post modest to decent gains while the Nasdaq dipped into negative territory for the day. Remember, we had all those big tech earnings reports last week and it seems that Nasdaq...
Friends More good earnings reports and more good economic data couldn’t move stocks higher today as traders seem to be hesitant to put new money to work at these levels. On the other hand, market participants seem comfortable with what they do have in the markets. We sure aren’t...
Friends It’s been a fascinating couple of days for big name growth earnings which will culminate in Amazon’s release after the close. Google, Microsoft, Facebook and Apple have all had fantastic earnings, but the share price reactions have been mixed. Apple is the most fascinating to me. They absolutely...
Friends Well, after the close yesterday both Google and Microsoft released very strong earnings reports. Google shares went up and Microsoft shares went down. Always interesting to see how much was priced into these earnings releases. Today we get both Facebook and Apple after the close. Then on Thursday...
Friends It was another quiet day of trading as market participants wait for a bevy of big tech earnings and the results of an important Fed meeting. We’ll get the Fed’s decision on rates (there will be no change) and the statement tomorrow afternoon. That will be followed by...
Friends It was a tentative day of trading as market participants brace themselves for an avalanche of earnings reports. We get a look at Tesla’s earnings after the closing bell today and then a plethora of important companies will be reporting as the week unfolds. As for today, by the...
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