riends I forgot to mention yesterday that today’s trading session ended at noon. It was a short session, but a good one for the bulls. This morning’s non-farm payroll number came in better than expected with 147,000 new jobs created in June. The unemployment rate fell back to...
Friends It was a rather strange reaction to a very soft ADP private payroll number this morning. Instead of adding 100,000 payrolls the private sector actually saw a contraction of 33,000 payrolls. Stocks not going down is really not a surprise these days but yields on long term...
Friends The dogs were barking today. On this first trading day of the 3rd quarter we saw many of the “dogs of the Dow” lead the market average higher. Stocks that have not done much all year finally saw a little buying support from market participants. Will it...
Friends The quarter ended on a high note for the bulls and what a quarter it has been. We saw stocks tumble in April and on this last day of June we are parked at all-time highs for the market averages. Over a 90-day period we experienced Liberation...
Friends Stocks surged to new all-time highs this morning but did see some profit taking early this afternoon. But the bulls did some more buying in the final hour of trading moving the market averages back to those morning highs. We had some less than stellar economic data...
Friends It was a good day for the bulls. The market averages continue to move towards record territory despite lots of hand wringing among Wall Street analysts. Tariff deadlines appear to be continuously movable and market participants have been directing their attention elsewhere. The big, beautiful bill looks...
Friends More than any real selling pressure it just felt like there just weren’t any market participants interested in buying today. The market averages are flirting with all-time highs, but it appears the bulls are a little tentative about taking the plunge into those record all-time high waters....
Friends Hopes that a ceasefire brokered by President Trump between the Israeli’s and the Iranians will hold sent stocks nicely higher today. The market averages are starting to flirt with all-time highs again as we make our way towards the end of the 2nd quarter of 2025. Of...
Friends By now I am sure you are aware that the United States bombed Iranian underground nuclear sites this weekend and that Iran kind of “retaliated” today. Did stocks crumble? Did oil prices soar to $100 per barrel. Umm no. Stocks were mostly quiet before today’s Iranian missile...
Friends It was a very quiet day of trading as I suspect that many traders headed for the Hamptons on Wednesday for a 4-day weekend. With no new economic data and nothing new out of the White House with regards to the Israel/Iran situation, market participants had little...
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