Stocks Rebound

Stocks Rebound

Friends It is not real surprising that some buyers showed up this morning after Friday’s new Covid variant selloff. But, as we have mentioned things have been a little sloppy below the market’s surface for a while now as a narrow few have kept the market averages near all-time...

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Release The Reserves

Release The Reserves

Friends   The White House announced today that the U. S. will release 50 million barrels of crude from the Strategic Petroleum Reserve. This move was coordinated with developed nations around the world to combat the rise in energy prices. Well, that should push oil prices lower. Umm, nope....

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Concerns

Concerns

Friends   Covid-19 concerns, inflation concerns, who will be appointed the next Fed Chair concerns, all contributed to the sloppiness in stocks today. The tech heavy Nasdaq was able to post gains helped by behemoths Apple and Microsoft, but the Dow was weighed down by the likes of Boeing,...

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Stocks Mixed/News Mixed

Stocks Mixed/News Mixed

Friends   Stocks were mixed today and trading was rather quiet. We continue to get good earnings numbers from retailers, today Macy’s and Kohl’s and shares of both companies did very well, and today’s economic data was also helpful with the Philly Fed Manufacturing Index number coming in much...

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