Friends So, here is what we heard from the FOMC and Chair Powell this afternoon. It seems likely that the Fed will begin the tapering process (reducing asset purchases) in November or December of this year and that the process will take about 8 months which means it should...
Friends For years now we have seen disruptive days like the one we saw for stocks yesterday followed by heightened volatility. Today was no different with stocks moving nicely higher at the open, only to run into selling that sent the market averages back down into negative territory...
Friends Market pundits have been warning that we haven’t had a 5% pullback in the stock market for more than a year. Well, we have one now (well at least we had one midday before stocks recovered some towards the close). As we have seen for years, downturns...
Friends Stocks finished the week on a sour note and continue to look a bit “heavy” at the moment. We’ve talked about seasonality and how September is sometimes a difficult month in general, but add in another weak options expiration Friday and the bulls just didn’t seem to...
Friends After yesterday’s rally the bulls were hoping for a follow through today. Unfortunately, stocks headed south early in the trading session and at one point had given back all of yesterday’s gains. But, the bulls stepped back in and moved the market averages back into positive territory...
Friends The month of September continues to be a difficult one for stocks. Despite today’s slightly better than expected CPI number, the bulls couldn’t mount much of a rally and as has been the pattern lately, an early move up quickly turned into a pullback. The markets have...
Friends All of us who are old enough, remember everything about 9/11/2001. It was a day that started like any other, but was soon to turn into a nightmare that played out for most of us right on television. For those in New York City and specifically those...
Friends It really wasn’t a very good week for stocks. Now, that is somewhat understandable. First of all, seasonally this is often a difficult time for stocks, but add in stress about Covid-19 and the Delta variant, coming tax hikes, inflation, stretched valuations and the Fed likely to...
Friends Stocks continue to slide gently lower, but there really hasn’t been that much damage done to the market averages just yet. Of course, as we continue to point out time and time again, many stocks have sizable pullbacks while others continue to churn higher. Also, we continue...
Friends Stocks were a bit soft once again today as market participants seem concerned about the Delta Variant, Congress’ spending and taxing negotiations and seasonal weakness in general. It’s always interesting to see how yesterday’s winners are today’s victims while yesterday’s losers showed strength today. The rotations go...
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